Following Maduro's ouster over the weekend, Trafigura Group and other oil traders will hold talks with the US government to discuss how to resume buying crude oil from Venezuela and supplying fuel to the country. “It's a topic that everyone in the oil industry talks about.” Ben Luckock, head of global petroleum at Trafigura, said, “I think everyone is concerned about what opportunities may exist in Venezuela.” Trafigura is one of the world's largest oil traders, with an average daily physical trade volume of 6.6 million barrels. The company and other traders have historically had business dealings with PetroVenezuela, which is responsible for procuring its crude oil and supplying refined products to the country. Luckock believes that Venezuela's new supply to the market this year may be minimal, and the extent of damage to the country's infrastructure is currently unclear. However, he added that Maduro's ouster reduced the risk of supply disruptions due to the protracted conflict. Furthermore, Luckock said that to restore the country's production to the previous level of 3 million barrels per day, it will take several years and hundreds of billions of dollars of capital investment.

Following Maduro's ouster over the weekend, Trafigura Group and other oil traders will hold talks with the US government to discuss how to resume buying crude oil from Venezuela and supplying fuel to the country. “It's a topic that everyone in the oil industry talks about.” Ben Luckock, head of global petroleum at Trafigura, said, “I think everyone is concerned about what opportunities may exist in Venezuela.” Trafigura is one of the world's largest oil traders, with an average daily physical trade volume of 6.6 million barrels. The company and other traders have historically had business dealings with PetroVenezuela, which is responsible for procuring its crude oil and supplying refined products to the country. Luckock believes that Venezuela's new supply to the market this year may be minimal, and the extent of damage to the country's infrastructure is currently unclear. However, he added that Maduro's ouster reduced the risk of supply disruptions due to the protracted conflict. Furthermore, Luckock said that to restore the country's production to the previous level of 3 million barrels per day, it will take several years and hundreds of billions of dollars of capital investment.