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The sanctions relaxation has meant previous illicit trade of oil is moving back into the formal sector, including to the United States, Nichols added. Since October, Venezuelan oil is being sold again by trading houses that used to be customers of state company PDVSA. But they are buying from little known intermediaries, according to documents and sources. PDVSA’s largest customers continue trying to restore direct trade. “(This is) good for us consumers because we’re getting oil and other products into our markets,” Nichols said.The release of wrongfully detained Americans is incredibly important to U.S. Secretary of State Antony Blinken, Nichols said. Savoi Wright, a fourth U.S. citizen arrested, has been added to the list of those held unfairly. By Julia Symmes Cobb and Marianna Parraga. Full Text-> Reuters
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