These new buyers include Xiamen Logistic Grass, Olympia Stly Trading, Zaguhan & Co., Karaznbas, Kalinin Business International and Poseidon GDL Solutions—all who are mysterious and rather convenient nobodies that seemed to take the place of traditional oil company names that are now prohibited from purchasing Venezuela’s oil due to the sanctions. They are all registered in Russia. By Julianne Geiger. Full Text -> OilPrice

The U.S. District Court for the Southern District of Texas approved a bid from trading firm Kolmar Americas Inc. for $2.75 million for the 95-octane gasoline, according to an order filed last week. The cargo was sold at a steep discount to market prices because of a high content of manganese and other chemicals, said Paul Teta, Kolmar’s vice-president of public and government affairs. At current market prices, a cargo of 93-octane gasoline that meets standard specifications is valued at about $5.59 million, according to Bloomberg calculations. By Lucia Kassai. Full Text-> Yahoo!Finnance

One of his latest ventures has involved another difficult oil producer: Venezuela. For several months in 2019 and 2020, Lakhani’s company helped to ship Venezuelan crude through an obscure route — his tankers picked up the oil half way through its voyage, via a ship-to-ship transfer off the west coast of Africa. After Washington slapped sanctions on Rosneft Trading SA, one of the major shippers of Venezuelan oil, one of Lakhani’s companies, Mercantile & Maritime, said it planned to end the business linked to the country. By Jack Farchy and Javier Blas. Full Text -> Yahoo!Finance

After Rosneft’s exit, Saab’s shells Libre Abordo and Schlager Business Group have become, in less than a quarter, PDVSA’s largest and most important trading partners. Internal shipping data from PDVSA shows that Saab’s cos have lifted over 26 million barrels of crude. So what’s in it for PDVSA? By Alek Boyd. Full Text -> Infodio

The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude in exchange for aid, Bloomberg reported on Friday, citing emails and documents that it has reviewed.  By Tsvetana Paraskova. Full text-> Oil Price