Glencore and Venezuelan Oil: Who Wins? Who Loses?
Source: SeekingAlpha
2026-01-20 12:35:04 ET
The first recipient of largesse from the seizure of Venezuelan oil assets has been a private company, Vitol. The contract is worth about $250 million. Vitol is the world’s largest independent oil trader, though Glencore ( GLNCY ) is the largest publicly-traded oil trader (and also deals in many more commodities, as well.) ...
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Glencore and Venezuelan Oil: Who Wins? Who Loses?
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