The Catch.A permanent record of checked claims
RECORDReuters

Record · the original document behind a story

Exclusive: Traders Vitol and Trafigura to join White House Venezuela oil talks

Published by Reuters on January 8, 2026.

Reuters on the traders' White House invitation and Vitol's preliminary license

The cited passage, with surrounding source text

… <script>!function(e){var n="https://s.go-mpulse.net/boomerang/";if("False"=="True")e.BOOMR_config=e.BOOMR_config||{},e.BOOMR_config.PageParams=e.BOOMR_config.PageParams||{},e.BOOMR_config.PageParams.pci=!0,n="https://s2.go-mpulse.net/boomerang/";if(window.BOOMR_API_key="GUXHP-DSJ3S-GQA6N-F2B3E-4TCYW",function(){function e(){if(!o){var e=document.createElement("script");e.id="boomr-scr-as",e.src=window.BOOMR.url,e.async=!0,i.parentNode.appendChild(e),o=!0}}function t(e){o=!0;var n,t,a,r,d=document,O=window;if(window.BOOMR.snippetMethod=e?"if":"i",t=function(e,n){var t=d.createElement("script");t.id=n||"boomr-if-as",t.src=window.BOOMR.url,BOOMR_lstart=(new Date).getTime(),e=e||d.body,e.appendChild(t)},!window.addEventListener&&window.attachEvent&&navigator.userAgent.match(/MSIE [67]\./))return window.BOOMR.snippetMethod="s",void t(i.parentNode,"boomr-async");a=document.createElement("IFRAME"),a.src="about:blank",a.title="",a.role="presentation",a.loading="eager",r=(a.frameElement||a).style,r.width=0,r.height=0,r.border=0,r.display="none",i.parentNode.appendChild(a);try{O=a.contentWindow,d=O.document.open()}catch(_){n=document.domain,a.src="javascript:var d=document.open();d.domain='"+n+"';void(0);",O=a.contentWindow,d=O.document.open()}if(n)d._boomrl=function(){this.domain=n,t()},d.write("<bo"+"dy onload='document._boomrl();'>");else if(O._boomrl=function(){t()},O.addEventListener)O.addEventListener("load",O._boomrl,!1);else if(O.attachEvent)O.attachEvent("onload",O._boomrl);d.close()}function a(e){window.BOOMR_onload=e&&e.timeStamp||(new Date).getTime()}if(!window.BOOMR||!window.BOOMR.version&&!window.BOOMR.snippetExecuted){window.BOOMR=window.BOOMR||{},window.BOOMR.snippetStart=(new Date).getTime(),window.BOOMR.snippetExecuted=!0,window.BOOMR.snippetVersion=12,window.BOOMR.url=n+"GUXHP-DSJ3S-GQA6N-F2B3E-4TCYW";var i=document.currentScript||document.getElementsByTagName("script")[0],o=!1,r=document.createElement("link");if(r.relList&&"function"==typeof r.relList.supports&&r.relList.supports("preload")&&"as"in r)window.BOOMR.snippetMethod="p",r.href=window.BOOMR.url,r.rel="preload",r.as="script",r.addEventListener("load",e),r.addEventListener("error",function(){t(!0)}),setTimeout(function(){if(!o)t(!0)},3e3),BOOMR_lstart=(new Date).getTime(),i.parentNode.appendChild(r);else t(!1);if(window.addEventListener)window.addEventListener("load",a,!1);else if(window.attachEvent)window.attachEvent("onload",a)}}(),"".length>0)if(e&&"performance"in e&&e.performance&&"function"==typeof e.performance.setResourceTimingBufferSize)e.performance.setResourceTimingBufferSize();!function(){if(BOOMR=e.BOOMR||{},BOOMR.plugins=BOOMR.plugins||{},!BOOMR.plugins.AK){var n=""=="true"?1:0,t="",a="aowaczqxancei2laappa-f-5ae0524bc-clientnsv4-s.akamaihd.net",i="false"=="true"?2:1,o={"ak.v":"39","ak.cp":"1101835","ak.ai":parseInt("656997",10),"ak.ol":"0","ak.cr":1,"ak.ipv":4,"ak.proto":"http/1.1","ak.rid":"1fa44b14","ak.r":51853,"ak.a2":n,"ak.m":"dscr","ak.n":"ff","ak.bpcip":"104.28.248.0","ak.cport":30548,"ak.gh":"23.3.105.218","ak.quicv":"","ak.tlsv":"tls1.3","ak.0rtt":"","ak.0rtt.ed":"","ak.csrc":"-","ak.acc":"bbr","ak.t":"1767900126","ak.ak":"hOBiQwZUYzCg5VSAfCLimQ==NqNnZP4sWf4cxX0d7r+LJXgWT7kKQFrByhyQfSNOnJtxSmRGBWrPR6ZYF1YfUuyCRIGsBOUz35e88eQm+ixwGkkPKlrdwP9xl0u0QYvWboGqKzVITMdRDfCNG7iA3lF0CJNnfDjZISuzmHmzpslkpvPpyRVWXXCXjkTCkfbfDWL9eUFd3+R+IoBh4+b/hKGiBdNlWGHkIKdAbdzzXg/TYF7bkSHsQcwGfmb4mEDNUIK8uPNvIXmNRxqWXO9FkUvzZWJ5c5n27AMUlOXQrl80oYj4l+LnaJP/M3MUboSpwMh9yxCRxPaP+8Abo9BixxlNI8TnbEwSwhqbHUOtbEqUqyJTShR8gefEalPw8ifE5XNqBR4xY4OExpBL2SJm5mJsIIdJXz5i40ze/Qe37HQUiEiPfbzl3a6DktdMMvcRu1w=","ak.pv":"83","ak.dpoabenc":"","ak.tf":i};if(""!==t)o["ak.ruds"]=t;var r={i:!1,av:function(n){var t="http.initiator";if(n&&(!n[t]||"spa_hard"===n[t]))o["ak.feo"]=void 0!==e.aFeoApplied?1:0,BOOMR.addVar(o)},rv:function(){var e=["ak.bpcip","ak.cport","ak.cr","ak.csrc","ak.gh","ak.ipv","ak.m","ak.n","ak.ol","ak.proto","ak.quicv","ak.tlsv","ak.0rtt","ak.0rtt.ed","ak.r","ak.acc","ak.t","ak.tf"];BOOMR.removeVar(e)}};BOOMR.plugins.AK={akVars:o,akDNSPreFetchDomain:a,init:function(){if(!r.i){var e=BOOMR.subscribe;e("before_beacon",r.av,null,null),e("onbeacon",r.rv,null,null),r.i=!0}return this},is_complete:function(){return!0}}}}()}(window);</script></head><body><div id="fusion-app" class="fusion-app"><a href="#main-content" style="border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap" class="button-module__link__A3sD0 button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F text-button-module__container__i-tuI" data-testid="SkippableButton"><span class="button-module__container__7hKTY"><span data-testid="Text" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__bold__chuBM text-module__button_label__4BCvX text-button-module__btn-text__DeEhy text-button-module__button_label__0SF4u">Skip to main content</span></span></a><div data-testid="LeaderboardSpace" class="leaderboard-space-module__leaderboard-space__VFflk"></div><div data-testid="RefinitivPromoBar" class="refinitiv-promo-bar-module__container__lbSKl" lang="en" dir="ltr"><div class="refinitiv-promo-bar-module__inner__5VwdI"><a data-testid="RefinitivPromoBarContent" aria-label="Exclusive news, data and analytics for financial market professionals from LSEG." referrerPolicy="no-referrer-when-downgrade" href="/differentiator/" class="text-module__text__0GDob text-module__white__kE5Pf text-module__bold__chuBM text-module__extra_small__8Buss link-module__link__INqxZ link-module__underline_on_hover__YTwYC refinitiv-promo-bar-module__content__VB2d1"><span class="refinitiv-promo-bar-module__long__mtM5O">Exclusive news, data and analytics for financial market professionals</span><span class="refinitiv-promo-bar-module__short__ZE4X0">Learn more about<span style="border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap">Refinitiv</span></span><div data-testid="logoContainer" class="refinitiv-promo-bar-module__logo__0AamO"><svg class="lseg-logo-module__image__gMToG" xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 54 20" role="presentation" aria-hidden="true" focusable="false"><path fill="#001EFF" d="M0 0h53.265v20H0z"></path><g fill="#fff" clip-path="url(#a)"><path d="M15.55 15.815H8v-.083c.138-.24.25-.581.332-1.034.083-.452.13-.923.13-1.43V6.742a7.93 7.93 0 0 0-.13-1.431C8.25 4.858 8.138 4.517 8 4.277v-.083h3.295v.083c-.138.24-.249.581-.332 1.034-.083.452-.13.923-.13 1.43v7.367h1.062a10.9 10.9 0 0 0 2.022-.167 5.576 5.576 0 0 0 1.542-.507h.082v2.372h.01v.01Zm8.715-3.35c0 1.089-.388 1.957-1.163 2.584-.776.628-1.837.951-3.176.951a9.028 9.028 0 0 1-1.717-.175 6.87 6.87 0 0 1-1.56-.508v-2.548h.065c.554.517 1.098.877 1.615 1.099a4.23 4.23 0 0 0 1.68.332c.6 0 1.08-.12 1.403-.35.323-.232.48-.573.48-1.016 0-.277-.064-.508-.194-.702-.129-.194-.35-.369-.655-.526a5.603 5.603 0 0 0-.415-.212 19.924 19.924 0 0 0-1.071-.434c-.619-.24-1.08-.443-1.403-.619a3.689 3.689 0 0 1-.803-.544 2.743 2.743 0 0 1-.711-.97c-.157-.369-.23-.784-.23-1.264 0-1.108.378-1.975 1.135-2.603.756-.628 1.79-.96 3.101-.96.49 0 .96.046 1.412.13.453.082.859.202 1.237.368v2.354h-.064a5.192 5.192 0 0 0-1.311-.803 3.49 3.49 0 0 0-1.339-.258c-.581 0-1.024.12-1.329.36-.304.24-.461.581-.461 1.024 0 .277.064.508.194.702.129.194.35.37.655.526.11.065.258.139.415.212.157.074.517.222 1.071.434.619.24 1.08.443 1.403.619.323.175.59.35.803.544.314.287.554.61.711.979.157.36.23.784.23 1.264h-.008v.01Zm9.323 3.35h-7.81v-.083c.139-.24.25-.581.333-1.034a7.86 7.86 0 0 0 .13-1.43V6.742c0-.499-.047-.979-.13-1.431-.083-.453-.194-.794-.332-1.034v-.083h7.393V6.4h-.055c-.323-.166-.748-.295-1.274-.378-.526-.084-1.163-.12-1.883-.12h-1.348v3.027h1.311c.536 0 .997-.018 1.394-.055.397-.037.775-.092 1.135-.166h.065v2.252h-.065a6.716 6.716 0 0 0-1.089-.166 20.389 20.389 0 0 0-1.43-.046h-1.311v3.35h1.31c.767 0 1.44-.055 2.04-.166.6-.11 1.108-.267 1.533-.489h.083v2.372Zm8.169.185c-2.012 0-3.628-.545-4.846-1.625-1.21-1.08-1.819-2.529-1.819-4.338 0-1.81.573-3.295 1.708-4.394C37.935 4.553 39.468 4 41.397 4c.572 0 1.126.055 1.68.157.554.101 1.015.24 1.394.406v2.372h-.065a3.982 3.982 0 0 0-1.366-.812 5.001 5.001 0 0 0-1.67-.286c-1.21 0-2.152.36-2.816 1.08-.674.72-1.006 1.726-1.006 3.028 0 1.301.36 2.381 1.089 3.12.73.738 1.763 1.098 3.11 1.098.185 0 .36 0 .536-.028.175-.018.35-.046.517-.073V11.19c-.48 0-.886.018-1.228.046a5.984 5.984 0 0 0-.96.148h-.083V9.178h.083c.36.065.73.12 1.08.148.36.028.766.046 1.219.046h2.354v.065c-.056.138-.102.35-.139.628a8.049 8.049 0 0 0-.055 1.024v2.751c0 .341 0 .637.037.895.018.259.055.462.101.628v.065c-.489.157-1.061.295-1.717.397-.655.11-1.237.166-1.754.166h.019V16Z"></path></g><defs><clipPath id="a"><path fill="#fff" d="M8 4h37.265v12H8z"></path></clipPath></defs></svg></div></a></div></div><header data-testid="SiteHeader" lang="en" dir="ltr"><div class="site-header-module__container__ZZlrq site-header-module__show-nav__qS8U9 site-header-module__with-mobile-leaderboard__spZcP" style="--subnav-height:0px"><div class="site-header-module__scroll-container__x89h3"><div class="site-header-module__inner__ZZHFU site-header-module__inner-sticky__z3NK8"><div class="site-header-module__main-bar__pqa3o"><div class="site-header-module__logo-container__sMMjk"><a class="site-header-module__logo__1onpi" aria-label="Reuters home" href="/"><span data-testid="ReutersLogo"><svg aria-hidden="true" role="presentation" focusable="false" viewBox="0 0 147 40" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill="#212223" d="M46.938 9.77h8.241c4.453 0 7.432 2.597 7.432 6.652 0 2.571-1.36 4.624-3.469 5.623l3.989 7.709H58.33l-3.415-6.71h-3.643v6.71h-4.34V9.77h.005zm4.34 3.567v6.138h3.559c2.053 0 3.353-1.199 3.353-3.056s-1.3-3.084-3.353-3.084h-3.559v.002zm12.473 9.105c0-4.569 3.035-7.535 7.633-7.535s7.461 2.739 7.519 7.05c0 .43-.028.912-.116 1.371H68v.198c.087 2.083 1.445 3.34 3.499 3.34 1.65 0 2.805-.714 3.153-2.083h4.021c-.464 2.855-3.035 5.139-7 5.139-4.946 0-7.922-2.94-7.922-7.48h.002-.001zm11.046-1.743c-.29-1.799-1.535-2.797-3.385-2.797s-3.095 1.057-3.325 2.797h6.71zm15.891-5.618h4.079v14.674h-3.615l-.374-1.771c-.954 1.141-2.254 1.941-4.368 1.941-3.063 0-5.9-1.513-5.9-6.71v-8.136h4.079v7.593c0 2.626.87 3.912 2.893 3.912s3.209-1.455 3.209-4.168v-7.337h-.002l.002.002h-.001zm6.491-4.101h4.079v4.11h3.385v3.398h-3.385v6.425c0 1.028.406 1.455 1.445 1.455h2.11v3.396h-3.385c-2.835 0-4.251-1.397-4.251-4.195V10.982l.002-.002zm8.306 11.462c0-4.569 3.035-7.535 7.636-7.535s7.461 2.739 7.519 7.05a7.77 7.77 0 0 1-.116 1.371h-10.788v.198c.084 2.083 1.445 3.34 3.499 3.34 1.649 0 2.805-.714 3.156-2.083h4.017c-.464 2.855-3.035 5.139-6.997 5.139-4.946 0-7.926-2.94-7.926-7.48zm11.05-1.743c-.29-1.799-1.535-2.797-3.385-2.797s-3.095 1.057-3.325 2.797h6.71zm14.97-5.62v3.656h-1.619c-2.431 0-3.354 1.597-3.354 3.826v7.194h-4.078V15.081h3.701l.377 2.196c.81-1.313 1.964-2.196 4.279-2.196h.694v-.002zm4.526 9.794c.145 1.284 1.271 2.169 3.269 2.169 1.705 0 2.747-.543 2.747-1.569 0-1.199-1.01-1.284-3.412-1.597-3.472-.4-6.162-1.171-6.162-4.195s2.575-4.825 6.39-4.795c3.989 0 6.74 1.743 6.942 4.737H141.9c-.113-1.171-1.244-1.885-2.891-1.885s-2.631.572-2.631 1.513c0 1.115 1.273 1.229 3.414 1.485 3.415.342 6.248 1.115 6.248 4.426 0 2.91-2.777 4.767-6.768 4.767s-6.939-1.915-7.115-5.051h3.875-.002v-.005h.001z"></path><path fill="#D64000" d="M34.579 5.368a2.69 2.69 0 0 1 .791 1.911 2.68 2.68 0 0 1-.791 1.911 2.7 2.7 0 0 1-3.817 0 2.69 2.69 0 0 1-.791-1.911c0-.723.279-1.401.791-1.911a2.69 2.69 0 0 1 1.909-.792c.691 0 1.384.264 1.909.792h-.001zM5.378 34.624a2.71 2.71 0 0 1 0-3.821 2.68 2.68 0 0 1 1.909-.792 2.67 2.67 0 0 1 1.909.792 2.71 2.71 0 0 1 0 3.821 2.68 2.68 0 0 1-1.909.792c-.72 0-1.4-.28-1.909-.792zM25.955 5.58l-.019-.008c-.574-.243-1.023-.694-1.26-1.272a2.34 2.34 0 0 1 0-1.811 2.36 2.36 0 0 1 1.279-1.28c.293-.121.598-.182.905-.182a2.34 2.34 0 0 1 .904.182A2.37 2.37 0 0 1 29.042 4.3c-.498 1.206-1.883 1.779-3.087 1.28zM13.108 34.239c.306 0 .611.061.902.179a2.37 2.37 0 0 1 1.279 3.091 2.35 2.35 0 0 1-1.279 1.28c-.583.243-1.223.243-1.809 0a2.37 2.37 0 0 1-1.279-3.091 2.35 2.35 0 0 1 2.184-1.462l.002.002zm8.895-32.212c0 1.087-.86 1.977-1.932 2.027h-.092a2.03 2.03 0 0 1-2.025-2.027A2.03 2.03 0 0 1 19.978 0c1.115 0 2.025.914 2.025 2.029v-.002zm-4.052 35.946a2.03 2.03 0 0 1 2.025-2.027 2.03 2.03 0 0 1 2.025 2.027A2.03 2.03 0 0 1 19.976 40a2.03 2.03 0 0 1-2.025-2.027zM13.76 4.956a1.68 1.68 0 0 1-1.292 0 1.67 1.67 0 0 1-.915-.916 1.69 1.69 0 0 1 .915-2.209 1.67 1.67 0 0 1 .643-.129c.664 0 1.292.396 1.563 1.045.172.42.172.879 0 1.293a1.66 1.66 0 0 1-.915.916zm12.436 30.087a1.69 1.69 0 0 1 .649-.132 1.72 1.72 0 0 1 .645.129c.419.174.744.499.915.916a1.69 1.69 0 0 1 0 1.293 1.66 1.66 0 0 1-.915.916 1.69 1.69 0 0 1-1.294 0 1.66 1.66 0 0 1-.915-.916c-.172-.42-.172-.876 0-1.293s.496-.742.915-.913v.001zM8.239 6.342c.52.52.527 1.357.026 1.887l-.03.03a1.36 1.36 0 0 1-1.915 0 1.36 1.36 0 0 1 0-1.916 1.35 1.35 0 0 1 1.915 0h.002l.001-.001zM31.703 31.75a1.34 1.34 0 0 1 .954-.396 1.35 1.35 0 0 1 .957.396c.256.254.395.594.395.955a1.35 1.35 0 0 1-2.308.958 1.35 1.35 0 0 1-.395-.958c0-.359.14-.699.395-.955h.002zM2.747 14.682c-.862-.357-1.271-1.349-.915-2.209a1.66 1.66 0 0 1 .915-.916 1.75 1.75 0 0 1 .649-.129 1.68 1.68 0 0 1 .645.129c.862.357 1.271 1.349.915 2.209a1.66 1.66 0 0 1-.915.916 1.68 1.68 0 0 1-1.292 0h-.002zm34.469 10.642a1.66 1.66 0 0 1 .915.916c.172.42.172.876 0 1.293a1.69 1.69 0 0 1-2.207.914 1.66 1.66 0 0 1-.915-.916c-.172-.42-.172-.876 0-1.293.269-.649.899-1.043 1.563-1.043a1.7 1.7 0 0 1 .643.129zM0 20.011a2.03 2.03 0 0 1 2.025-2.027 2.03 2.03 0 0 1 2.025 2.027 2.03 2.03 0 0 1-2.025 2.027A2.03 2.03 0 0 1 0 20.011zm35.907 0a2.03 2.03 0 0 1 2.025-2.027 2.03 2.03 0 0 1 2.025 2.027 2.03 2.03 0 0 1-2.025 2.027 2.03 2.03 0 0 1-2.025-2.027zM1.199 27.783a2.37 2.37 0 0 1 1.279-3.091c.583-.243 1.223-.243 1.808 0a2.36 2.36 0 0 1 1.279 1.28 2.34 2.34 0 0 1 0 1.811 2.36 2.36 0 0 1-1.279 1.28c-.583.243-1.223.243-1.808 0a2.36 2.36 0 0 1-1.279-1.28zm33.174-13.759a2.36 2.36 0 0 1 1.279-3.087 2.31 2.31 0 0 1 .899-.182c.928 0 1.809.549 2.186 1.459a2.37 2.37 0 0 1-1.279 3.091c-.583.243-1.223.243-1.808 0s-1.036-.697-1.279-1.28h.002v-.001zm-8.65 11.726a1.9 1.9 0 0 0 0 2.684c.741.742 1.943.742 2.684 0a1.88 1.88 0 0 0 .556-1.341 1.88 1.88 0 0 0-.556-1.34c-.37-.37-.854-.555-1.339-.555a1.91 1.91 0 0 0-1.344.551v.001zM9.902 18.851c-.802-.213-1.276-1.039-1.062-1.842a1.5 1.5 0 0 1 .701-.914 1.48 1.48 0 0 1 .746-.204c.129 0 .261.015.391.05.387.105.712.353.912.702s.253.755.15 1.143a1.5 1.5 0 0 1-1.84 1.063h.002zm19.37 5.197c-.387-.105-.712-.353-.912-.702s-.253-.755-.15-1.143a1.5 1.5 0 0 1 .701-.914 1.49 1.49 0 0 1 .748-.203 1.52 1.52 0 0 1 .322.034l.071.019c.802.213 1.276 1.043 1.062 1.842a1.5 1.5 0 0 1-.701.913c-.348.2-.754.256-1.141.151v.002.001zm-20.14-1.14a1.21 1.21 0 0 1 .783-1.457l.069-.019c.641-.174 1.302.211 1.474.852.084.312.043.636-.121.916a1.21 1.21 0 0 1-.731.562c-.309.084-.632.042-.915-.122a1.21 1.21 0 0 1-.561-.731l.002-.002zm19.923-4.455l-.052-.032c-.251-.164-.43-.409-.507-.699-.172-.644.208-1.304.851-1.478s1.302.211 1.474.852-.208 1.304-.851 1.476c-.311.084-.632.039-.915-.121v.002zm-15.496 9.233l-.034.034c-.353.353-.928.353-1.281 0s-.353-.927 0-1.28.928-.353 1.281 0a.9.9 0 0 1 .266.641.89.89 0 0 1-.232.604v.001zm14.142-15.427a.9.9 0 0 1 0 1.282c-.353.353-.928.353-1.281 0a.9.9 0 0 1 0-1.282c.171-.172.398-.267.641-.267s.469.092.641.264v.002l-.001.001zm-9.277 16.83c.161.277.203.604.121.916s-.282.57-.561.731-.604.203-.915.121c-.641-.172-1.023-.834-.851-1.475.084-.312.282-.57.561-.731a1.2 1.2 0 0 1 .915-.122c.311.084.57.282.731.562v-.002l-.001-.001zm3.1-18.173c-.161-.277-.204-.604-.122-.916s.282-.57.561-.731a1.21 1.21 0 0 1 .598-.161c.105 0 .208.013.314.039a1.19 1.19 0 0 1 .73.562c.161.277.204.604.122.916-.172.641-.833 1.024-1.474.852a1.19 1.19 0 0 1-.73-.562zm1.808 17.48l.064.037a1.5 1.5 0 0 1 .636.873c.213.802-.262 1.628-1.062 1.842-.391.106-.793.05-1.141-.15s-.596-.525-.701-.913a1.5 1.5 0 0 1 1.062-1.846 1.58 1.58 0 0 1 .393-.05 1.49 1.49 0 0 1 .748.203l.002.002v.001zm-5.56-16.633a1.51 1.51 0 0 1-1.84-1.063c-.213-.802.261-1.628 1.062-1.842a1.52 1.52 0 0 1 .387-.05c.664 0 1.273.443 1.453 1.114.213.802-.262 1.628-1.062 1.842zm-4.883 3.022c1.046 0 1.893-.848 1.893-1.895s-.848-1.895-1.893-1.895-1.893.848-1.893 1.895.848 1.895 1.893 1.895z"></path></svg></span></a></div><div class="site-header-module__nav-bar__P5Xno"><nav aria-label="Main"><ul class="nav-bar-module__nav-list__QcaFB"><li class="nav-bar-module__nav-item__EUpy4 nav-bar-module__category__bRFMO"><div class="nav-bar-module__nav-button__mCZoN"><a data-testid="Body" href="/world/" data-nav="World" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 link">World</a><button data-testid="DropDownButton" type="button" class="nav-bar-module__button__YVhxE" tabindex="0" data-react-aria-pressable="true" aria-label="World" aria-haspopup="true" aria-expanded="false"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 15 9" aria-hidden="true" focusable="false" role="presentation" data-testid="SvgChevronDown" class="nav-bar-module__arrow__D1LfD chevron-down"><path d="M14.093.337c-.411-.45-1.028-.45-1.44 0L7.2 6.3 1.749.337c-.411-.45-1.028-.45-1.44 0a1.16 1.16 0 0 0 0 1.576l6.171 6.75c.206.225.515.337.72.337.205 0 .515-.112.72-.338l6.172-6.75a1.16 1.16 0 0 0 0-1.575h.001Z"></path></svg></button></div><div class="nav-bar-module__hidden__1Qi40" data-testid="sectionDropdownContainer"><span data-focus-scope-start="true" hidden=""></span><div data-testid="World" class="nav-bar-module__dropdown__bsmM6" id="react-aria-:R1deam:"><div class="nav-dropdown-module__container__X8zm-" data-testid="NavDropdownContainer"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__submenu__-HR75"><div class="nav-dropdown-module__inner__VS6zv"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="SectionDropdown" href="/world/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Browse World</a></h2><div class="nav-dropdown-module__sections__i94UN"><ul class="nav-dropdown-module__sections-group__CPSAa"><li><a data-testid="Body" href="/world/africa/" data-subnav="World_Africa" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Africa</a></li><li><a data-testid="Body" href="/world/americas/" data-subnav="World_Americas" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Americas</a></li><li><a data-testid="Body" href="/world/asia-pacific/" data-subnav="World_Asia Pacific" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Asia Pacific</a></li><li><a data-testid="Body" href="/world/china/" data-subnav="World_China" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">China</a></li><li><a data-testid="Body" href="/world/europe/" data-subnav="World_Europe" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Europe</a></li><li><a data-testid="Body" href="/world/india/" data-subnav="World_India" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">India</a></li><li><a data-testid="Body" href="/world/israel-hamas/" data-subnav="World_Israel and Hamas at War" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Israel and Hamas at War</a></li><li><a data-testid="Body" href="/world/japan/" data-subnav="World_Japan" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Japan</a></li><li><a data-testid="Body" href="/world/middle-east/" data-subnav="World_Middle East" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Middle East</a></li><li><a data-testid="Body" href="/world/ukraine-russia-war/" data-subnav="World_Ukraine and Russia at War" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Ukraine and Russia at War</a></li><li><a data-testid="Body" href="/world/uk/" data-subnav="World_United Kingdom" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">United Kingdom</a></li><li><a data-testid="Body" href="/world/us/" data-subnav="World_United States" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">United States</a></li><li><a data-testid="Body" href="/world/reuters-next/" data-subnav="World_Reuters NEXT New York" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Reuters NEXT New York</a></li></ul></div></div></div></div></div></div><span data-focus-scope-end="true" hidden=""></span></div></li><li class="nav-bar-module__nav-item__EUpy4 nav-bar-module__category__bRFMO"><div class="nav-bar-module__nav-button__mCZoN"><a data-testid="Body" href="/business/" data-nav="Business" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 link">Business</a><button data-testid="DropDownButton" type="button" class="nav-bar-module__button__YVhxE" tabindex="0" data-react-aria-pressable="true" aria-label="Business" aria-haspopup="true" aria-expanded="false"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 15 9" aria-hidden="true" focusable="false" role="presentation" data-testid="SvgChevronDown" class="nav-bar-module__arrow__D1LfD chevron-down"><path d="M14.093.337c-.411-.45-1.028-.45-1.44 0L7.2 6.3 1.749.337c-.411-.45-1.028-.45-1.44 0a1.16 1.16 0 0 0 0 1.576l6.171 6.75c.206.225.515.337.72.337.205 0 .515-.112.72-.338l6.172-6.75a1.16 1.16 0 0 0 0-1.575h.001Z"></path></svg></button></div><div class="nav-bar-module__hidden__1Qi40" data-testid="sectionDropdownContainer"><span data-focus-scope-start="true" hidden=""></span><div data-testid="Business" class="nav-bar-module__dropdown__bsmM6" id="react-aria-:R2deam:"><div class="nav-dropdown-module__container__X8zm-" data-testid="NavDropdownContainer"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__submenu__-HR75"><div class="nav-dropdown-module__inner__VS6zv"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="SectionDropdown" href="/business/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Browse Business</a></h2><div class="nav-dropdown-module__sections__i94UN"><ul class="nav-dropdown-module__sections-group__CPSAa"><li><a data-testid="Body" href="/business/aerospace-defense/" data-subnav="Business_Aerospace &amp; Defense" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Aerospace &amp; Defense</a></li><li><a data-testid="Body" href="/business/autos-transportation/" data-subnav="Business_Autos &amp; Transportation" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Autos &amp; Transportation</a></li><li><a data-testid="Body" href="/business/davos/" data-subnav="Business_Davos" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Davos</a></li><li><a data-testid="Body" href="/business/energy/" data-subnav="Business_Energy" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Energy</a></li><li><a data-testid="Body" href="/business/environment/" data-subnav="Business_Environment" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Environment</a></li><li><a data-testid="Body" href="/business/finance/" data-subnav="Business_Finance" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Finance</a></li><li><a data-testid="Body" href="/business/healthcare-pharmaceuticals/" data-subnav="Business_Healthcare &amp; Pharmaceuticals" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Healthcare &amp; Pharmaceuticals</a></li><li><a data-testid="Body" href="/business/media-telecom/" data-subnav="Business_Media &amp; Telecom" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Media &amp; Telecom</a></li><li><a data-testid="Body" href="/business/retail-consumer/" data-subnav="Business_Retail &amp; Consumer" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Retail &amp; Consumer</a></li><li><a data-testid="Body" href="/business/future-of-health/" data-subnav="Business_Future of Health" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Future of Health</a></li><li><a data-testid="Body" href="/business/future-of-money/" data-subnav="Business_Future of Money" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Future of Money</a></li><li><a data-testid="Body" href="/business/take-five/" data-subnav="Business_Take Five" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Take Five</a></li><li><a data-testid="Body" href="/business/world-at-work/" data-subnav="Business_World at Work" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">World at Work</a></li></ul></div></div></div></div></div></div><span data-focus-scope-end="true" hidden=""></span></div></li><li class="nav-bar-module__nav-item__EUpy4 nav-bar-module__category__bRFMO"><div class="nav-bar-module__nav-button__mCZoN"><a data-testid="Body" href="/markets/" data-nav="Markets" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 link">Markets</a><button data-testid="DropDownButton" type="button" class="nav-bar-module__button__YVhxE" tabindex="0" data-react-aria-pressable="true" aria-label="Markets" aria-haspopup="true" aria-expanded="false"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 15 9" aria-hidden="true" focusable="false" role="presentation" data-testid="SvgChevronDown" class="nav-bar-module__arrow__D1LfD chevron-down"><path d="M14.093.337c-.411-.45-1.028-.45-1.44 0L7.2 6.3 1.749.337c-.411-.45-1.028-.45-1.44 0a1.16 1.16 0 0 0 0 1.576l6.171 6.75c.206.225.515.337.72.337.205 0 .515-.112.72-.338l6.172-6.75a1.16 1.16 0 0 0 0-1.575h.001Z"></path></svg></button></div><div class="nav-bar-module__hidden__1Qi40" data-testid="sectionDropdownContainer"><span data-focus-scope-start="true" hidden=""></span><div data-testid="Markets" class="nav-bar-module__dropdown__bsmM6" id="react-aria-:R3deam:"><div class="nav-dropdown-module__container__X8zm-" data-testid="NavDropdownContainer"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__submenu__-HR75"><div class="nav-dropdown-module__inner__VS6zv"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="SectionDropdown" href="/markets/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Browse Markets</a></h2><div class="nav-dropdown-module__sections__i94UN"><ul class="nav-dropdown-module__sections-group__CPSAa"><li><a data-testid="Body" href="/markets/on-the-money/" data-subnav="Markets_On the Money" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">On the Money</a></li><li><a data-testid="Body" href="/markets/asia/" data-subnav="Markets_Asian Markets" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Asian Markets</a></li><li><a data-testid="Body" href="/markets/carbon/" data-subnav="Markets_Carbon Markets" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Carbon Markets</a></li><li><a data-testid="Body" href="/markets/commodities/" data-subnav="Markets_Commodities" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Commodities</a></li><li><a data-testid="Body" href="/markets/currencies/" data-subnav="Markets_Currencies" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Currencies</a></li><li><a data-testid="Body" href="/markets/deals/" data-subnav="Markets_Deals" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Deals</a></li><li><a data-testid="Body" href="/markets/emerging/" data-subnav="Markets_Emerging Markets" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Emerging Markets</a></li><li><a data-testid="Body" href="/markets/etf/" data-subnav="Markets_ETFs" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">ETFs</a></li><li><a data-testid="Body" href="/markets/europe/" data-subnav="Markets_European Markets" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">European Markets</a></li><li><a data-testid="Body" href="/markets/funds/" data-subnav="Markets_Funds" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Funds</a></li><li><a data-testid="Body" href="/markets/global-market-data/" data-subnav="Markets_Global Market Data" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Global Market Data</a></li><li><a data-testid="Body" href="/markets/rates-bonds/" data-subnav="Markets_Rates &amp; Bonds" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Rates &amp; Bonds</a></li><li><a data-testid="Body" href="/markets/stocks/" data-subnav="Markets_Stocks" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Stocks</a></li><li><a data-testid="Body" href="/markets/us/" data-subnav="Markets_U.S. Markets" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">U.S. Markets</a></li><li><a data-testid="Body" href="/markets/wealth/" data-subnav="Markets_Wealth" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Wealth</a></li><li><a data-testid="Body" href="/markets/econ-world/" data-subnav="Markets_Econ World" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Econ World</a></li></ul></div></div></div></div></div></div><span data-focus-scope-end="true" hidden=""></span></div></li><li class="nav-bar-module__nav-item__EUpy4 nav-bar-module__category__bRFMO"><div class="nav-bar-module__nav-button__mCZoN"><a data-testid="Body" href="/sustainability/" data-nav="Sustainability" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 link">Sustainability</a><button data-testid="DropDownButton" type="button" class="nav-bar-module__button__YVhxE" tabindex="0" data-react-aria-pressable="true" aria-label="Sustainability" aria-haspopup="true" aria-expanded="false"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 15 9" aria-hidden="true" focusable="false" role="presentation" data-testid="SvgChevronDown" class="nav-bar-module__arrow__D1LfD chevron-down"><path d="M14.093.337c-.411-.45-1.028-.45-1.44 0L7.2 6.3 1.749.337c-.411-.45-1.028-.45-1.44 0a1.16 1.16 0 0 0 0 1.576l6.171 6.75c.206.225.515.337.72.337.205 0 .515-.112.72-.338l6.172-6.75a1.16 1.16 0 0 0 0-1.575h.001Z"></path></svg></button></div><div class="nav-bar-module__hidden__1Qi40" data-testid="sectionDropdownContainer"><span data-focus-scope-start="true" hidden=""></span><div data-testid="Sustainability" class="nav-bar-module__dropdown__bsmM6" id="react-aria-:R4deam:"><div class="nav-dropdown-module__container__X8zm-" data-testid="NavDropdownContainer"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__submenu__-HR75"><div class="nav-dropdown-module__inner__VS6zv"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="SectionDropdown" href="/sustainability/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Browse Sustainability</a></h2><div class="nav-dropdown-module__sections__i94UN"><ul class="nav-dropdown-module__sections-group__CPSAa"><li><a data-testid="Body" href="/sustainability/boards-policy-regulation/" data-subnav="Sustainability_Boards, Policy &amp; Regulation" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Boards, Policy &amp; Regulation</a></li><li><a data-testid="Body" href="/sustainability/climate-energy/" data-subnav="Sustainability_Climate &amp; Energy" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Climate &amp; Energy</a></li><li><a data-testid="Body" href="/sustainability/land-use-biodiversity/" data-subnav="Sustainability_Land Use &amp; Biodiversity" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Land Use &amp; Biodiversity</a></li><li><a data-testid="Body" href="/sustainability/society-equity/" data-subnav="Sustainability_Society &amp; Equity" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Society &amp; Equity</a></li><li><a data-testid="Body" href="/sustainability/sustainable-finance-reporting/" data-subnav="Sustainability_Sustainable Finance &amp; Reporting" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Sustainable Finance &amp; Reporting</a></li><li><a data-testid="Body" href="/sustainability/the-switch/" data-subnav="Sustainability_The Switch" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">The Switch</a></li><li><a data-testid="Body" href="/sustainability/reuters-impact/" data-subnav="Sustainability_Reuters Impact" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Reuters Impact</a></li><li><a data-testid="Body" href="/sustainability/cop/" data-subnav="Sustainability_COP30" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">COP30</a></li></ul></div></div></div></div></div></div><span data-focus-scope-end="true" hidden=""></span></div></li><li class="nav-bar-module__nav-item__EUpy4 nav-bar-module__category__bRFMO"><div class="nav-bar-module__nav-button__mCZoN"><a data-testid="Body" href="/legal/" data-nav="Legal" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 link">Legal</a><button data-testid="DropDownButton" type="button" class="nav-bar-module__button__YVhxE" tabindex="0" data-react-aria-pressable="true" aria-label="Legal" aria-haspopup="true" aria-expanded="false"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 15 9" aria-hidden="true" focusable="false" role="presentation" data-testid="SvgChevronDown" class="nav-bar-module__arrow__D1LfD chevron-down"><path d="M14.093.337c-.411-.45-1.028-.45-1.44 0L7.2 6.3 1.749.337c-.411-.45-1.028-.45-1.44 0a1.16 1.16 0 0 0 0 1.576l6.171 6.75c.206.225.515.337.72.337.205 0 .515-.112.72-.338l6.172-6.75a1.16 1.16 0 0 0 0-1.575h.001Z"></path></svg></button></div><div class="nav-bar-module__hidden__1Qi40" data-testid="sectionDropdownContainer"><span data-focus-scope-start="true" hidden=""></span><div data-testid="Legal" class="nav-bar-module__dropdown__bsmM6" id="react-aria-:R5deam:"><div class="nav-dropdown-module__container__X8zm-" data-testid="NavDropdownContainer"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__submenu__-HR75"><div class="nav-dropdown-module__inner__VS6zv"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="SectionDropdown" href="/legal/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Browse Legal</a></h2><div class="nav-dropdown-module__sections__i94UN"><ul class="nav-dropdown-module__sections-group__CPSAa"><li><a data-testid="Body" href="/legal/government/" data-subnav="Legal_Government" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Government</a></li><li><a data-testid="Body" href="/legal/legalindustry/" data-subnav="Legal_Legal Industry" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Legal Industry</a></li><li><a data-testid="Body" href="/legal/litigation/" data-subnav="Legal_Litigation" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Litigation</a></li><li><a data-testid="Body" href="/legal/transactional/" data-subnav="Legal_Transactional" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Transactional</a></li><li><a data-testid="Body" href="/legal/us-supreme-court/" data-subnav="Legal_US Supreme Court" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">US Supreme Court</a></li></ul></div></div></div></div></div></div><span data-focus-scope-end="true" hidden=""></span></div></li><li class="nav-bar-module__nav-item__EUpy4 nav-bar-module__category__bRFMO"><div class="nav-bar-module__nav-button__mCZoN"><a data-testid="Body" href="/commentary/" data-nav="Commentary" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 link">Commentary</a><button data-testid="DropDownButton" type="button" class="nav-bar-module__button__YVhxE" tabindex="0" data-react-aria-pressable="true" aria-label="Commentary" aria-haspopup="true" aria-expanded="false"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 15 9" aria-hidden="true" focusable="false" role="presentation" data-testid="SvgChevronDown" class="nav-bar-module__arrow__D1LfD chevron-down"><path d="M14.093.337c-.411-.45-1.028-.45-1.44 0L7.2 6.3 1.749.337c-.411-.45-1.028-.45-1.44 0a1.16 1.16 0 0 0 0 1.576l6.171 6.75c.206.225.515.337.72.337.205 0 .515-.112.72-.338l6.172-6.75a1.16 1.16 0 0 0 0-1.575h.001Z"></path></svg></button></div><div class="nav-bar-module__hidden__1Qi40" data-testid="sectionDropdownContainer"><span data-focus-scope-start="true" hidden=""></span><div data-testid="Commentary" class="nav-bar-module__dropdown__bsmM6" id="react-aria-:R6deam:"><div class="nav-dropdown-module__container__X8zm-" data-testid="NavDropdownContainer"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__submenu__-HR75"><div class="nav-dropdown-module__inner__VS6zv"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="SectionDropdown" href="/commentary/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Browse Commentary</a></h2><div class="nav-dropdown-module__sections__i94UN"><ul class="nav-dropdown-module__sections-group__CPSAa"><li><a data-testid="Body" href="/commentary/breakingviews/" data-subnav="Commentary_Breakingviews" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Breakingviews</a></li><li><a data-testid="Body" href="/breakingviews/predictions/" data-subnav="Commentary_Breakingviews Predictions" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Breakingviews Predictions</a></li><li><a data-testid="Body" href="/commentary/reuters-open-interest/" data-subnav="Commentary_ROI: Reuters Open Interest" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">ROI: Reuters Open Interest</a></li></ul></div></div></div></div></div></div><span data-focus-scope-end="true" hidden=""></span></div></li><li class="nav-bar-module__nav-item__EUpy4 nav-bar-module__category__bRFMO"><div class="nav-bar-module__nav-button__mCZoN"><a data-testid="Body" href="/technology/" data-nav="Technology" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 link">Technology</a><button data-testid="DropDownButton" type="button" class="nav-bar-module__button__YVhxE" tabindex="0" data-react-aria-pressable="true" aria-label="Technology" aria-haspopup="true" aria-expanded="false"><svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 15 9" aria-hidden="true" focusable="false" role="presentation" data-testid="SvgChevronDown" class="nav-bar-module__arrow__D1LfD chevron-down"><path d="M14.093.337c-.411-.45-1.028-.45-1.44 0L7.2 6.3 1.749.337c-.411-.45-1.028-.45-1.44 0a1.16 1.16 0 0 0 0 1.576l6.171 6.75c.206.225.515.337.72.337.205 0 .515-.112.72-.338l6.172-6.75a1.16 1.16 0 0 0 0-1.575h.001Z"></path></svg></button></div><div class="nav-bar-module__hidden__1Qi40" data-testid="sectionDropdownContainer"><span data-focus-scope-start="true" hidden=""></span><div data-testid="Technology" class="nav-bar-module__dropdown__bsmM6" id="react-aria-:R7deam:"><div class="nav-dropdown-module__container__X8zm-" data-testid="NavDropdownContainer"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__submenu__-HR75"><div class="nav-dropdown-module__inner__VS6zv"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="SectionDropdown" href="/technology/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Browse Technology</a></h2><div class="nav-dropdown-module__sections__i94UN"><ul class="nav-dropdown-module__sections-group__CPSAa"><li><a data-testid="Body" href="/technology/artificial-intelligence/" data-subnav="Technology_Artificial Intelligence" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Artificial Intelligence</a></li><li><a data-testid="Body" href="/technology/cybersecurity/" data-subnav="Technology_Cybersecurity" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Cybersecurity</a></li><li><a data-testid="Body" href="/technology/space/" data-subnav="Technology_Space" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Space</a></li><li><a data-testid="Body" href="/technology/disrupted/" data-subnav="Technology_Disrupted" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Disrupted</a></li></ul></div></div></div></div></div></div><span data-focus-scope-end="true" hidden=""></span></div></li><li class="nav-bar-module__nav-item__EUpy4 nav-bar-module__category__bRFMO"><a data-testid="Body" href="https://www.reuters.com/investigations/" data-nav="Investigations" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 nav-bar-module__nav-button__mCZoN">Investigations</a></li><li class="nav-bar-module__nav-item__EUpy4"><div class="nav-bar-module__nav-button__mCZoN"><button data-testid="Text" type="button" tabindex="0" data-react-aria-pressable="true" aria-haspopup="true" aria-expanded="false" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__extra_small__8Buss nav-bar-module__button__YVhxE">More<svg xmlns="http://www.w3.org/2000/svg" fill="none" viewBox="0 0 15 9" aria-hidden="true" focusable="false" role="presentation" data-testid="SvgChevronDown" class="nav-bar-module__arrow__D1LfD nav-bar-module__more__C7bEy chevron-down"><path d="M14.093.337c-.411-.45-1.028-.45-1.44 0L7.2 6.3 1.749.337c-.411-.45-1.028-.45-1.44 0a1.16 1.16 0 0 0 0 1.576l6.171 6.75c.206.225.515.337.72.337.205 0 .515-.112.72-.338l6.172-6.75a1.16 1.16 0 0 0 0-1.575h.001Z"></path></svg></button></div><div class="nav-bar-module__hidden__1Qi40" data-testid="moreSectionDropdownContainer"><span data-focus-scope-start="true" hidden=""></span><div class="nav-bar-module__dropdown__bsmM6" id="react-aria-:Rleam:"><div class="nav-dropdown-module__container__X8zm-" data-testid="NavDropdownContainer"><div class="nav-dropdown-module__inner__VS6zv nav-dropdown-module__hide-stories__-HUMW"><div class="nav-dropdown-module__submenu__-HR75"><div class="nav-dropdown-module__inner__VS6zv"><div class="nav-dropdown-module__more-sections__9LctJ"><div class="nav-dropdown-module__group-container__B7ZaS"><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/sports/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Sports</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/sports/athletics/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Athletics</a></li><li><a data-testid="Body" href="/sports/baseball/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Baseball</a></li><li><a data-testid="Body" href="/sports/basketball/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Basketball</a></li><li><a data-testid="Body" href="/sports/cricket/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Cricket</a></li><li><a data-testid="Body" href="/sports/cycling/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Cycling</a></li><li><a data-testid="Body" href="/sports/formula1/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Formula 1</a></li><li><a data-testid="Body" href="/sports/golf/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Golf</a></li><li><a data-testid="Body" href="/sports/nfl/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">NFL</a></li><li><a data-testid="Body" href="/sports/nhl/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">NHL</a></li><li><a data-testid="Body" href="/sports/soccer/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Soccer</a></li><li><a data-testid="Body" href="/sports/tennis/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Tennis</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/science/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Science</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/lifestyle/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Lifestyle</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/city-memo/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">City Memo</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="https://www.reuters.com/graphics/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Graphics</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/pictures/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Pictures</a></h2></section></div><div class="nav-dropdown-module__group-container__B7ZaS"><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/wider-image/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Wider Image</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/podcasts/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Podcasts</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/podcasts/reuters-world-news/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Reuters World News</a></li><li><a data-testid="Body" href="/podcasts/reuters-morning-bid/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Reuters Morning Bid</a></li><li><a data-testid="Body" href="/podcasts/reuters-econ-world/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Reuters Econ World</a></li><li><a data-testid="Body" href="/podcasts/on-assignment/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">On Assignment</a></li><li><a data-testid="Body" href="/podcasts/viewsroom/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Viewsroom</a></li><li><a data-testid="Body" href="/podcasts/the-big-view/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">The Big View</a></li></ul></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/live/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Live</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/fact-check/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Fact Check</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/video/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Video</a></h2></section><section data-testid="MoreDropdown" class="nav-dropdown-module__more-section-group__6-L2e nav-dropdown-module__has-children__Wpz3R"><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS"><a data-testid="Body" href="/sponsored/" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__body__9d61E body-module__base__o--Cl body-module__body_alt__0ewNU nav-dropdown-module__section-link__Mvj6r">Sponsored Content</a></h2><ul class="nav-dropdown-module__subsections__ElxDL"><li><a data-testid="Body" href="/sponsored/reuters-plus/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Reuters Plus</a></li><li><a data-testid="Body" href="/press-releases/" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf nav-dropdown-module__subsection-link__T9-bB">Press Releases</a></li></ul></section></div></div></div></div></div></div></div><span data-focus-scope-end="true" hidden=""></span></div></li></ul></nav></div><div class="site-header-module__button-group__5pCcs"><a data-testid="Body" href="/my-news/feed/" data-nav="My News" class="text-module__text__0GDob text-module__graphite__fZRmg text-module__medium__2Rl30 text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 site-header-module__my-news-link__JyoYj">My News</a><div class="search-bar-module__search-bar__l7v3q site-header-module__search-bar__0RkVM" tabindex="-1"><button aria-label="Open search bar" tabindex="-1" class="button-module__button__Pqh0q button-module__flat__GYuix button-module__round__QDFgq button-module__w_auto__Sem-F button-module__has-tooltip__3sOvX search-bar-module__search-button__34siX" type="button" data-testid="OpenSearchBarButton"><span class="button-module__container__7hKTY"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 21 21" aria-hidden="true" focusable="false" role="presentation" data-testid="SvgSearch" class="search-bar-module__icon__jkiEO"><path fill-rule="evenodd" d="m20.72 17.47-4.64-4.65a8.6 8.6 0 1 0-3.26 3.26l4.65 4.64c.37.37.97.37 1.35 0l1.9-1.9a.95.95 0 0 0 0-1.35ZM1.95 8.62a6.67 6.67 0 1 1 13.33 0 6.67 6.67 0 0 1-13.33 0Z"></path></svg></span></button></div><a href="/account/register/signup-options/&amp;journeyStart=navigation" data-variant-id="SubOrSignUpButton" class="button-module__link__A3sD0 button-module__primary__gnCmu button-module__round__QDFgq button-module__w_auto__Sem-F text-button-module__container__i-tuI site-header-module__button__ui8Ah" data-testid="header-register-button"><span class="button-module__container__7hKTY"><span data-testid="Text" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__bold__chuBM text-module__button_label__4BCvX text-button-module__btn-text__DeEhy text-button-module__button_label__0SF4u">Register</span></span></a><div class="site-header-module__mobile-menu__JvZnq site-header-module__button__ui8Ah"><button tabindex="0" data-react-aria-pressable="true" aria-label="Menu" aria-haspopup="true" aria-expanded="false" class="button-module__button__Pqh0q button-module__flat__GYuix button-module__round__QDFgq button-module__w_auto__Sem-F button-module__has-tooltip__3sOvX mobile-menu-module__menu-button__HXTtW site-header-module__menu-button__jM9ER" type="button" data-testid="MobileMenuButton"><span class="button-module__container__7hKTY"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 16 12" aria-hidden="true" focusable="false" role="presentation" data-testid="SvgMenu" class="mobile-menu-module__icon__zmoso"><path d="M14.8571429,9.524 C15.3142857,9.524 15.6188571,9.8285714 15.6188571,10.2857143 C15.6188571,10.7428571 15.3142857,11.0474286 14.8571429,11.0474286 L1.14285714,11.0474286 C0.68571429,11.0474286 0.38114286,10.7428571 0.38114286,10.2857143 C0.38114286,9.8285714 0.68571429,9.524 1.14285714,9.524 L14.8571429,9.524 Z M14.8571429,4.9525714 C15.3142857,4.9525714 15.6188571,5.2571429 15.6188571,5.7142857 C15.6188571,6.1714286 15.3142857,6.476 14.8571429,6.476 L1.14285714,6.476 C0.68571429,6.476 0.38114286,6.1714286 0.38114286,5.7142857 C0.38114286,5.2571429 0.68571429,4.9525714 1.14285714,4.9525714 L14.8571429,4.9525714 Z M14.8571429,0.38114286 C15.3142857,0.38114286 15.6188571,0.68571429 15.6188571,1.14285714 C15.6188571,1.6 15.3142857,1.90457143 14.8571429,1.90457143 L1.14285714,1.90457143 C0.68571429,1.90457143 0.38114286,1.6 0.38114286,1.14285714 C0.38114286,0.68571429 0.68571429,0.38114286 1.14285714,0.38114286 L14.8571429,0.38114286 Z"></path></svg></span></button></div></div></div></div></div></div></header><div data-testid="RegularArticleLayout" class="regular-article-layout-module__container__qlWZP"><div data-testid="MainContent" class="regular-article-layout-module__content-container__vBc5- paywall-B064F03B" dir="ltr"><main class="regular-article-layout-module__main__lKixO" id="main-content" role="main"><article data-testid="Article" class="article-module__container__FNVk0"><div class="article-module__main__1N9VH"><div class="article-module__content__lRTp3"><header data-testid="DefaultArticleHeader"><div class="default-article-header-module__container__b05Pl"><div class="default-article-header-module__heading__TeQVW"><h1 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_article__2yUro heading-module__base__p-zaD heading-module__heading_article__h3IXH headline-module__headline__L8lWb">Exclusive: Traders Vitol and Trafigura to join White House Venezuela oil talks</h1><div data-testid="InfoContent" class="info-content-module__info__FR-5y default-article-header-module__info-content__EOcyE"><div data-testid="AuthorName" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__tag_label__4kwMu"><span data-testid="Text" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__tag_label__4kwMu">By </span><a data-testid="AuthorNameLink" referrerPolicy="no-referrer-when-downgrade" href="/authors/dmitry-zhdannikov/" rel="author" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__tag_label__4kwMu link-module__link__INqxZ link-module__underline_on_hover__YTwYC author-name-module__author__09Ri8">Dmitry Zhdannikov</a><span data-testid="Text" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__tag_label__4kwMu">, </span><a data-testid="AuthorNameLink" referrerPolicy="no-referrer-when-downgrade" href="/authors/shariq-khan/" rel="author" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__tag_label__4kwMu link-module__link__INqxZ link-module__underline_on_hover__YTwYC author-name-module__author__09Ri8">Shariq Khan</a><span data-testid="Text" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__tag_label__4kwMu"> and </span><a data-testid="AuthorNameLink" referrerPolicy="no-referrer-when-downgrade" href="/authors/robert-harvey/" rel="author" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__tag_label__4kwMu link-module__link__INqxZ link-module__underline_on_hover__YTwYC author-name-module__author__09Ri8">Robert Harvey</a></div><time data-testid="DateLine" dateTime="2026-01-08T18:12:19Z" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20"><span class="date-line-module__date__Q468B">January 8, 2026</span><span class="date-line-module__date__Q468B">6:12 PM UTC</span><span class="date-line-module__date__Q468B">Updated ago</span></time><div data-testid="ArticleToolbar" class="info-content-module__toolbar__4KVm0" dir="ltr"><div data-testid="ToolbarContainer" class="toolbar-module__container__Vw74x"><div data-testid="SaveSymbols" class="toolbar-item-module__symbol-wrapper__vOLPH"><div><button aria-label="Save article Exclusive: Traders Vitol and Trafigura to join White House Venezuela oil talks" class="button-module__button__Pqh0q button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F button-module__has-tooltip__3sOvX toolbar-item-module__symbol-btn__Beam-" type="button" data-testid="Button"><span class="button-module__container__7hKTY"><svg width="11" height="17" xmlns="http://www.w3.org/2000/svg" aria-hidden="true" focusable="false" role="presentation" data-testid="SvgSave" class="svg"><path d="M9.824 1.441V15.56c0 .352-.038.547-.301.32l-3.784-3.247a.378.378 0 00-.478 0L1.477 15.88c-.263.226-.477.124-.477-.228V1.637A.63.63 0 011.619 1h7.763l.442.441z" fill-rule="nonzero" stroke="currentColor" stroke-width="2" fill="none" stroke-linecap="round" stroke-linejoin="round"></path></svg></span></button></div></div><div data-testid="TextSymbols" class="toolbar-item-module__symbol-wrapper__vOLPH toolbar-item-module__overlay__0vABN"><div class="toolbar-item-module__container__-KLhn toolbar-item-module__column__SHiPt" data-testid="ToolbarItemContainer"><button aria-haspopup="true" aria-expanded="false" id="toolbar-item-parent-text-5502" aria-controls="toolbar-item-dropdown-text-5502" aria-label="Change text size" class="button-module__button__Pqh0q button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F button-module__has-tooltip__3sOvX toolbar-item-module__symbol-btn__Beam-" type="button" data-testid="toolbar-item-parent-text-5502"><span class="button-module__container__7hKTY"><div class="utility-module__container__YJxgW" aria-hidden="true"><svg width="23" height="15" viewBox="0 0 23 15" fill="none" xmlns="http://www.w3.org/2000/svg" aria-labelledby="TextIconId" role="presentation" class="utility-module__symbol__EQkIM" aria-hidden="true" focusable="false"><title id="TextIconId">Text</title><path d="M5.341.68h2.78L13.001 14h-2.54l-1.06-3.14h-5.34L3.001 14H.461L5.341.68Zm-.58 8.08h3.94l-1.96-5.84-1.98 5.84ZM20.253 14v-1.34c-.32.467-.767.84-1.34 1.12-.56.28-1.194.42-1.9.42-.96 0-1.707-.253-2.24-.76-.52-.52-.78-1.233-.78-2.14 0-.56.086-1.033.26-1.42.173-.387.413-.7.72-.94.306-.24.666-.413 1.08-.52a5.08 5.08 0 0 1 1.38-.18h2.7v-.62c0-.96-.66-1.44-1.98-1.44-.6 0-1.153.067-1.66.2-.493.12-.967.287-1.42.5l-.4-1.9a7.44 7.44 0 0 1 1.74-.62c.653-.16 1.34-.24 2.06-.24 1.36 0 2.38.273 3.06.82.693.533 1.04 1.387 1.04 2.56V14h-2.32Zm-.12-4.06h-2.26c-.987 0-1.48.427-1.48 1.28s.493 1.28 1.48 1.28c.68 0 1.226-.18 1.64-.54.413-.36.62-.833.62-1.42v-.6Z"></path></svg></div></span></button><ul class="toolbar-item-module__symbol-list__YMKbJ toolbar-item-module__column__SHiPt toolbar-item-module__hidden__Kg2eo toolbar-item-module__with-border__WUguq toolbar-item-module__selected__IzLTx" role="menu" id="toolbar-item-dropdown-text-5502" data-testid="toolbar-item-dropdown-text-5502" aria-labelledby="toolbar-item-parent-text-5502"><li class="toolbar-item-module__item__jUoKy" role="menuitem"><button aria-selected="true" aria-label="Small text" class="button-module__button__Pqh0q button-module__ghost__DOwRB button-module__round__QDFgq button-module__w_auto__Sem-F button-module__has-tooltip__3sOvX toolbar-item-module__rounded-top__GmqUm toolbar-item-module__selected__IzLTx" type="button" data-testid="small-text"><span class="button-module__container__7hKTY toolbar-item-module__rounded-top__GmqUm"><div class="utility-module__container__YJxgW" aria-hidden="true"><svg width="10" height="11" viewBox="0 0 10 11" fill="none" xmlns="http://www.w3.org/2000/svg" aria-labelledby="SmallTextIconId" role="presentation" class="utility-module__symbol__EQkIM dark" aria-hidden="true" focusable="false"><title id="SmallTextIconId">Small Text</title><path d="M4.224.343h1.552l3.968 10.656H8.32l-.992-2.8H2.672l-.976 2.8H.272L4.224.343ZM3.088 7.015h3.84l-1.92-5.552-1.92 5.552Z"></path></svg></div></span></button></li><li class="toolbar-item-module__item__jUoKy" role="menuitem"><button aria-label="Medium text" class="button-module__button__Pqh0q button-module__flat__GYuix button-module__round__QDFgq button-module__w_auto__Sem-F button-module__has-tooltip__3sOvX toolbar-item-module__rounded-none__jyCCH" type="button" data-testid="medium-text"><span class="button-module__container__7hKTY toolbar-item-module__rounded-none__jyCCH"><div class="utility-module__container__YJxgW" aria-hidden="true"><svg width="14" height="15" viewBox="0 0 14 15" fill="none" xmlns="http://www.w3.org/2000/svg" aria-labelledby="MediumTextIconId" role="presentation" class="utility-module__symbol__EQkIM" aria-hidden="true" focusable="false"><title id="MediumTextIconId">Medium Text</title><path d="M5.933.347h2.134l5.456 14.652h-1.958l-1.364-3.85H3.799l-1.342 3.85H.499L5.933.347ZM4.371 9.521h5.28l-2.64-7.634-2.64 7.634Z"></path></svg></div></span></button></li><li class="toolbar-item-module__item__jUoKy" role="menuitem"><button aria-label="Large text" class="button-module__button__Pqh0q button-module__flat__GYuix button-module__round__QDFgq button-module__w_auto__Sem-F button-module__has-tooltip__3sOvX toolbar-item-module__rounded-bottom__m23kx" type="button" data-testid="large-text"><span class="button-module__container__7hKTY toolbar-item-module__rounded-bottom__m23kx"><div class="utility-module__container__YJxgW" aria-hidden="true"><svg width="20" height="22" viewBox="0 0 20 22" fill="none" xmlns="http://www.w3.org/2000/svg" aria-labelledby="LargeTextIconId" role="presentation" class="utility-module__symbol__EQkIM" aria-hidden="true" focusable="false"><title id="LargeTextIconId">Large Text</title><path d="M8.448.687h3.104l7.936 21.312H16.64l-1.984-5.6H5.344l-1.952 5.6H.544L8.448.687ZM6.176 14.031h7.68l-3.84-11.104-3.84 11.104Z"></path></svg></div></span></button></li></ul></div></div><div data-testid="SharingSymbols" class="toolbar-item-module__symbol-wrapper__vOLPH toolbar-item-module__overlay__0vABN"><div class="toolbar-item-module__container__-KLhn toolbar-item-module__column__SHiPt" data-testid="ToolbarItemContainer"><button aria-haspopup="true" aria-expanded="false" id="toolbar-item-parent-share-5503" aria-controls="toolbar-item-dropdown-share-5503" aria-label="Share article" class="button-module__button__Pqh0q button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F button-module__has-tooltip__3sOvX toolbar-item-module__symbol-btn__Beam-" type="button" data-testid="toolbar-item-parent-share-5503"><span class="button-module__container__7hKTY"><div class="utility-module__container__YJxgW" aria-hidden="true"><svg width="21" height="21" viewBox="0 0 21 21" fill="none" xmlns="http://www.w3.org/2000/svg" aria-labelledby="ShareIconId" role="presentation" class="utility-module__symbol__EQkIM" aria-hidden="true" focusable="false"><title id="ShareIconId">Share</title><path d="M17.719 14.437c-.926 0-1.762.385-2.359 1.002l-8.839-4.42a3.306 3.306 0 0 0 0-1.038l8.84-4.42a3.282 3.282 0 1 0-.881-1.76l-8.84 4.42a3.282 3.282 0 1 0 0 4.56l8.839 4.418a3.282 3.282 0 1 0 3.24-2.762Z"></path></svg></div></span></button><ul class="toolbar-item-module__symbol-list__YMKbJ toolbar-item-module__column__SHiPt toolbar-item-module__hidden__Kg2eo" role="menu" id="toolbar-item-dropdown-share-5503" data-testid="toolbar-item-dropdown-share-5503" aria-labelledby="toolbar-item-parent-share-5503"><li class="toolbar-item-module__item__jUoKy" role="menuitem"><button aria-label="Share article on X" headline="Exclusive: Traders Vitol and Trafigura to join White House Venezuela oil talks" class="button-module__button__Pqh0q button-module__flat__GYuix button-module__round__QDFgq button-module__w_auto__Sem-F toolbar-item-module__rounded-top__GmqUm" type="button" data-testid="twitter"><span class="button-module__container__7hKTY toolbar-item-module__rounded-top__GmqUm"><div class="social-module__container__gCKQP"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 30 30" aria-labelledby="TwitterIconId" role="presentation" class="social-module__symbol__FX9eO" focusable="false" aria-hidden="true"><title id="TwitterIconId">X</title><path d="M17.923 14.387 25.569 5.5h-1.812l-6.64 7.717L11.817 5.5H5.7l8.018 11.67L5.7 26.49h1.812l7.01-8.15 5.6 8.15h6.116l-8.316-12.102Zm-2.482 2.885-.812-1.162-6.464-9.246h2.783l5.216 7.462.813 1.162 6.78 9.7h-2.782l-5.534-7.915Z"></path></svg></div></span></button></li><li class="toolbar-item-module__item__jUoKy" role="menuitem"><button aria-label="Share article on Facebook" headline="Exclusive: Traders Vitol and Trafigura to join White House Venezuela oil talks" class="button-module__button__Pqh0q button-module__flat__GYuix button-module__round__QDFgq button-module__w_auto__Sem-F toolbar-item-module__rounded-none__jyCCH" type="button" data-testid="facebook"><span class="button-module__container__7hKTY toolbar-item-module__rounded-none__jyCCH"><div class="social-module__container__gCKQP"><svg xmlns="http://www.w3.org/2000/svg" viewBox="6 6 20 20" aria-labelledby="FacebookIconId" role="presentation" class="social-module__symbol__FX9eO" focusable="false" aria-hidden="true"><title id="FacebookIconId">Facebook</title><path d="M16 6.04001C10.5 6.04001 6 10.53 6 16.06C6 21.06 9.66 25.21 14.44 25.96V18.96H11.9V16.06H14.44V13.85C14.44 11.34 15.93 9.96001 18.22 9.96001C19.31 9.96001 20.45 10.15 20.45 10.15V12.62H19.19C17.95 12.62 17.56 13.39 17.56 14.18V16.06H20.34L19.89 18.96H17.56V25.96C19.9164 25.5879 22.0622 24.3855 23.6099 22.5701C25.1576 20.7546 26.0054 18.4457 26 16.06C26 10.53 21.5 6.04001 16 6.04001Z"></path></svg></div></span></button></li><li class="toolbar-item-module__item__jUoKy" role="menuitem"><button aria-label="Share article on LinkedIn" headline="Exclusive: Traders Vitol and Trafigura to join White House Venezuela oil talks" class="button-module__button__Pqh0q button-module__flat__GYuix button-module__round__QDFgq button-module__w_auto__Sem-F toolbar-item-module__rounded-none__jyCCH" type="button" data-testid="linkedin"><span class="button-module__container__7hKTY toolbar-item-module__rounded-none__jyCCH"><div class="social-module__container__gCKQP"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 21 21" aria-labelledby="LinkedinIconId" role="presentation" class="social-module__symbol__FX9eO" focusable="false" aria-hidden="true"><title id="LinkedinIconId">Linkedin</title><path d="M19.031 0c1.034 0 1.888.807 1.964 1.822L21 1.97V19.03a1.975 1.975 0 0 1-1.822 1.964L19.03 21H1.97a1.975 1.975 0 0 1-1.964-1.822L0 19.03V1.97C0 .935.807.08 1.822.005L1.97 0H19.03ZM6.3 7.875H3.15v10.063H6.3V7.874Zm7.875-.175c-1.575 0-2.538.788-2.975 1.575v-1.4H8.225v10.063h3.15V12.95c0-1.313.175-2.537 1.838-2.537 1.575 0 1.575 1.487 1.575 2.624v4.9h3.15v-5.425c0-2.712-.613-4.812-3.763-4.812ZM4.637 2.8c-1.05 0-1.837.875-1.837 1.838 0 1.05.875 1.837 1.838 1.837 1.05 0 1.837-.787 1.837-1.837 0-1.05-.875-1.838-1.837-1.838Z"></path></svg></div></span></button></li><li class="toolbar-item-module__item__jUoKy" role="menuitem"><button aria-label="Email article" headline="Exclusive: Traders Vitol and Trafigura to join White House Venezuela oil talks" class="button-module__button__Pqh0q button-module__flat__GYuix button-module__round__QDFgq button-module__w_auto__Sem-F toolbar-item-module__rounded-none__jyCCH" type="button" data-testid="email"><span class="button-module__container__7hKTY toolbar-item-module__rounded-none__jyCCH"><div class="social-module__container__gCKQP"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 21 18" aria-labelledby="EmailIconId" role="presentation" class="social-module__symbol__FX9eO" focusable="false" aria-hidden="true"><title id="EmailIconId">Email</title><path d="M20.125 9c.449 0 .819.347.87.795L21 9.9v5.4c0 1.438-1.093 2.613-2.47 2.695l-.155.005H2.625c-1.398 0-2.54-1.124-2.62-2.541L0 15.3V9.9c0-.497.392-.9.875-.9.449 0 .819.347.87.795l.005.105v5.4c0 .462.338.842.773.894l.102.006h15.75a.884.884 0 0 0 .87-.795l.005-.105V9.9c0-.497.392-.9.875-.9Zm-1.75-9C19.825 0 21 1.209 21 2.7v2.7c0 .33-.175.632-.456.79l-9.625 5.4a.854.854 0 0 1-.838 0L.456 6.19A.904.904 0 0 1 0 5.4V2.7C0 1.209 1.175 0 2.625 0h15.75Zm0 1.8H2.625a.888.888 0 0 0-.875.9v2.166l8.75 4.909 8.75-4.91V2.7a.892.892 0 0 0-.773-.894l-.102-.006Z"></path></svg></div></span></button></li><li class="toolbar-item-module__item__jUoKy" role="menuitem"><button aria-label="Copy link" url="https://www.reuters.com/business/energy/vitol-trafigura-talks-with-us-venezuelan-oil-sales-sources-say-2026-01-08/" class="button-module__button__Pqh0q button-module__flat__GYuix button-module__round__QDFgq button-module__w_auto__Sem-F button-module__has-tooltip__3sOvX toolbar-item-module__rounded-bottom__m23kx article-toolbar-module__tooltip-left-on-tablet__aF4cA" type="button" data-testid="link"><span class="button-module__container__7hKTY toolbar-item-module__rounded-bottom__m23kx"><div class="social-module__container__gCKQP"><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 16 16" aria-labelledby="LinkIconId" role="presentation" class="social-module__symbol__FX9eO" focusable="false" aria-hidden="true"><title id="LinkIconId">Link</title><path d="M14.47 1.458a4.163 4.163 0 0 0-5.901 0l-1.28 1.209a.688.688 0 0 0 0 .995c.284.285.71.285.995 0l1.21-1.209a2.878 2.878 0 0 1 3.982 0c1.138 1.067 1.137 2.916.07 3.983l-2.133 2.133-.284.284c-1.28.925-3.058.711-3.982-.569-.214-.284-.711-.355-.996-.142-.285.213-.356.71-.142.996a4.242 4.242 0 0 0 3.413 1.706c.853 0 1.777-.284 2.56-.853.142-.142.284-.284.497-.427l2.134-2.133c1.636-1.636 1.564-4.41-.143-5.973Z"></path><path d="m7.644 12.338-1.209 1.209a2.878 2.878 0 0 1-3.982 0c-1.138-1.067-1.138-2.916-.071-3.983l2.133-2.133.284-.284c.64-.427 1.351-.64 2.134-.57.782.143 1.422.498 1.849 1.138.213.284.71.356.996.143.284-.214.355-.711.142-.996-.71-.924-1.707-1.493-2.773-1.636-1.067-.213-2.205.071-3.13.783l-.426.426L1.458 8.57c-1.636 1.706-1.565 4.409.07 6.044.854.782 1.92 1.209 2.987 1.209 1.067 0 2.134-.427 2.987-1.21l1.209-1.208a.688.688 0 0 0 0-.996c-.284-.285-.782-.356-1.067-.07Z"></path></svg></div></span></button></li></ul></div></div></div></div></div></div></div></header><div data-testid="ArticleBody" class="article-body-module__wrapper__kL0a8" confirmation_email_sent_page_url="/confirmationsent/" legal_marketing_page_url="https://legal.thomsonreuters.com/en/products/reuters-legal-news" sign_in_page_url="/account/sign-in/" sign_up_page_url="/account/register/sign-up/" terms_page_url="/info-pages/terms-of-use/"><div class="article-body-module__container__oOFyv over-6-para"><div data-testid="primary-image" class="article-body-module__primary-asset__Cn6rd" role="figure" aria-describedby="primary-image-caption" dir="ltr"><figure class="primary-image-module__container__y8Shr"><div data-testid="EagerImageContainer" class="primary-image-module__image__D-Gwq"><div class="styles-module__image-container__E0mCm styles-module__fill__Ft7kn styles-module__center_center__bzABO styles-module__apply-ratio__u0jXJ" style="--aspect-ratio:1.5781167806417675"><img data-testid="EagerImage" src="https://www.reuters.com/resizer/v2/EDKI4F77MNOLTFLD6Z4C4JWZYY.jpg?auth=792e401c71638efdb102d407f4047a250bcb3ab21967f3050c59b73fcad4dbe2&amp;width=1920&amp;quality=80" srcSet="https://www.reuters.com/resizer/v2/EDKI4F77MNOLTFLD6Z4C4JWZYY.jpg?auth=792e401c71638efdb102d407f4047a250bcb3ab21967f3050c59b73fcad4dbe2&amp;width=480&amp;quality=80 480w,https://www.reuters.com/resizer/v2/EDKI4F77MNOLTFLD6Z4C4JWZYY.jpg?auth=792e401c71638efdb102d407f4047a250bcb3ab21967f3050c59b73fcad4dbe2&amp;width=640&amp;quality=80 640w,https://www.reuters.com/resizer/v2/EDKI4F77MNOLTFLD6Z4C4JWZYY.jpg?auth=792e401c71638efdb102d407f4047a250bcb3ab21967f3050c59b73fcad4dbe2&amp;width=720&amp;quality=80 720w,https://www.reuters.com/resizer/v2/EDKI4F77MNOLTFLD6Z4C4JWZYY.jpg?auth=792e401c71638efdb102d407f4047a250bcb3ab21967f3050c59b73fcad4dbe2&amp;width=960&amp;quality=80 960w,https://www.reuters.com/resizer/v2/EDKI4F77MNOLTFLD6Z4C4JWZYY.jpg?auth=792e401c71638efdb102d407f4047a250bcb3ab21967f3050c59b73fcad4dbe2&amp;width=1080&amp;quality=80 1080w,https://www.reuters.com/resizer/v2/EDKI4F77MNOLTFLD6Z4C4JWZYY.jpg?auth=792e401c71638efdb102d407f4047a250bcb3ab21967f3050c59b73fcad4dbe2&amp;width=1200&amp;quality=80 1200w" sizes="(min-width: 1024px) 560px, (min-width: 1440px) 700px, 100vw" width="3000" height="1901" alt="Illustration shows Trafigura logo"/></div></div><div data-testid="Body" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__ultra_small__6-vhY body-module__full_width__kCIGb body-module__ultra_small_body__WelUC primary-image-module__caption__BFvVU"><span>Trafigura logo is seen in this illustration taken, April 23, 2024. REUTERS/Dado Ruvic/Illustration <a data-testid="Link" target="_blank" referrerPolicy="no-referrer-when-downgrade" href="https://www.reutersconnect.com/item/illustration-shows-trafigura-logo/dGFnOnJldXRlcnMuY29tLDIwMjQ6bmV3c21sX1JDMktDN0FORUlEMQ%3D%3D/?utm_medium=rcom-article-media&amp;utm_campaign=rcom-rcp-lead" rel="noopener" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76 collapsible-caption-module__license__CPQvV">Purchase Licensing<span><span class="link-module__suffix__ObiNY"> Rights</span><svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 32 32" aria-hidden="true" focusable="false" role="presentation" data-testid="NewTabSymbol" class="link-module__new-tab-symbol__d53s7 link-module__move-left__CCZH6 collapsible-caption-module__symbol__943UJ" fill="#666" width="0" height="0"><path fill="#666" d="M15 6c.6 0 1 .4 1 1s-.4 1-1 1H9c-.6 0-1 .4-1 1v14a1.1 1.1 0 0 0 .2.6c.1.2.4.4.8.4h14c.6 0 1-.4 1-1v-6c0-.6.4-1 1-1s1 .4 1 1v6a3 3 0 0 1-3 3H9a3 3 0 0 1-2.2-.9A3 3 0 0 1 6 23V9a3 3 0 0 1 3-3Zm10 0 .4.1.5.5.1.4v6c0 .6-.4 1-1 1s-1-.4-1-1V9.4l-5.3 5.3a1 1 0 0 1-.7.3 1 1 0 0 1-.7-.3 1 1 0 0 1 0-1.4L22.6 8H19c-.6 0-1-.4-1-1s.4-1 1-1Z"></path></svg><span style="border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap">, opens new tab</span></span></a></span></div></figure></div><div class="article-body-module__content__bnXL1"><div data-testid="ContextWidget" class="context-widget-module__container__b9mKr context-widget-module__with-scroll__CmEdD article-body-module__context_widget__sq1EI"><div data-testid="TabContainer" class="context-widget-module__tabcontainer__O1B-s context-widget-module__right-gradient__QLuno"><ul role="tablist" class="context-widget-module__tabs__AIjL0"><li data-testid="summary-tab" role="tab" aria-selected="true" tabindex="0" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf context-widget-module__tab__lRw-D context-widget-module__selected__Et295">Summary</li><li data-testid="companies-tab" role="tab" aria-selected="false" tabindex="-1" class="text-module__text__0GDob text-module__medium-grey__yZtlg text-module__medium__2Rl30 text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf context-widget-module__tab__lRw-D">Companies</li></ul></div><div data-testid="ContextWidgetContent" class="context-widget-module__content__lI1uo"><ul data-testid="Summary" class="summary-module__summary__QjADA"><li data-testid="Body" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz">European traders could facilitate Venezuelan oil sales</li><li data-testid="Body" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz">US engages with marketers and banks, DOE says</li><li data-testid="Body" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz">Vitol and Trafigura were both previously active in Venezuela</li><li data-testid="Body" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz">Vitol has received a preliminary special U.S. government licence to begin negotiations</li></ul></div></div><div data-testid="paragraph-0" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">LONDON/NEW YORK, Jan 8 (Reuters) - U.S. President Donald Trump&#x27;s administration has invited the bosses of commodity trading houses Vitol and Trafigura to the White House on Friday for talks on marketing Venezuelan oil, four sources familiar with the matter told Reuters.</div><div data-testid="paragraph-1" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">European trading houses have traditionally dominated global oil trading and could help the U.S. sell oil from Venezuela even though Washington wants U.S. majors to play the biggest role.</div><p data-testid="promo-box" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h"> <!-- -->Sign up<!-- --> <!-- --> <a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="undefined?location=article-paragraph&amp;redirectUrl=%2Fbusiness%2Fenergy%2Fvitol-trafigura-talks-with-us-venezuelan-oil-sales-sources-say-2026-01-08%2F" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC">here.</a></p><div data-testid="element" class="article-body-module__element__5eCce"></div><div data-testid="paragraph-2" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Geneva-headquartered Vitol has already <a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/business/energy/vitol-gets-preliminary-us-license-begin-negotiations-venezuelan-oil-imports-2026-01-08/" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC">received</a> a preliminary licence from the U.S. government to begin negotiations for the import and export of oil from Venezuela for 18 months, four sources told Reuters on Thursday.</div><div data-testid="paragraph-3" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">The White House has said it would be hosting U.S. oil majors on Friday, but the invitation to trading houses has not been previously reported.</div><div data-testid="paragraph-4" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Reuters could not immediately obtain a full list of those invited to the meetings.</div><div data-testid="paragraph-5" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Vitol and Trafigura, which was also formerly based in Geneva but is now headquartered in Singapore, declined to comment. The White House did not comment on whether Vitol and Trafigura were invited.</div><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS article-body-module__heading__KTJKz">US INDEFINITE CONTROL OF OIL SALES</h2><div data-testid="paragraph-6" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">The Trump administration set its sights on Venezuela&#x27;s oil industry soon after U.S. forces captured President Nicolas Maduro on January 3. Washington has said it <a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/business/energy/us-wants-venezuelan-oil-flowing-again-with-revenues-us-accounts-wright-says-2026-01-07/" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC">wants to control</a> Venezuela&#x27;s oil sales and revenue indefinitely.</div><div data-testid="paragraph-7" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">The U.S. Department of Energy said on Wednesday it was engaging with commodity marketers and banks to execute and to provide financial support for Venezuelan crude oil and fuel sales to the country. It did not specify which companies.</div><div data-testid="paragraph-8" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Trump has already said U.S. companies will invest in Venezuela and rebuild its oil industry to produce more oil and bring global energy costs down.</div><div data-testid="paragraph-9" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Washington and Caracas <a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/business/energy/venezuela-us-talks-export-venezuelan-oil-us-sources-say-2026-01-06/" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC">agreed a deal</a> this week to export some 30-50 million barrels of oil worth $2 billion to the United States but U.S. oil majors have said they want &quot;<a data-testid="Link" referrerPolicy="no-referrer-when-downgrade" href="https://www.reuters.com/business/energy/us-oil-companies-say-they-need-guarantees-invest-venezuela-ft-reports-2026-01-08/" class="text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC">serious guarantees</a>&quot; before they make investments.</div><div data-testid="paragraph-10" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Years of under-investment and sanctions have led Venezuela&#x27;s output to fall to around 1 million barrels per day, or just 1% of global supply, from 3.5 million bpd in the 1970s when it accounted for 7% of global oil.</div><h2 data-testid="Heading" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS article-body-module__heading__KTJKz">INVOLVEMENT IN VENEZUELA</h2><div data-testid="paragraph-11" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">Vitol and Trafigura were among the most active traders of Venezuelan oil prior to U.S. sanctions in 2019.</div><div data-testid="paragraph-12" class="text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__full_width__kCIGb body-module__small_body__gOmDf article-body-module__paragraph__Ts-yF">In the past, they have marketed Venezuelan oil received from state firm PDVSA’s European partners, which were U.S. licence holders. And their capacity to have tanker fleets in Venezuela quickly and trade barrels exceeds that of many joint venture partners. …

Read this passage in context

Read the original · Open the copy we saved

Where we use it

About this saved copy

The fingerprint identifies the saved text used for this record. A different copy has a different fingerprint.

Text fingerprint (SHA-256)
f85b80443e56b754d546475d898339f12a7b47f64c1fad7ef7c4c12345ffc4d4
Source reader

Source