Exclusive: Vitol trader Addison, architect of US-Venezuela export deal, set to retire, sources say - Reuters

Reuters
March 31, 2026
3 min read

Quick Insights

The Bottom Line

Vitol trader Addison, architect of the U.S.-Venezuela oil export deal, is retiring after structuring the contested arrangement.

AI Summary

Addison, a trader at Vitol, is preparing to retire after playing a key role in structuring the US-Venezuela oil export deal. The arrangement has been a significant point of contention in US-Venezuela relations and energy markets, given broader diplomatic tensions between Washington and Caracas. Addison's departure marks a notable transition for one of the architects of a deal that has drawn scrutiny from policymakers on both sides of the political spectrum. Vitol is one of the world's largest independent oil traders, and deals involving Venezuela have carried geopolitical weight given US sanctions policy toward the country. The retirement underscores the high-profile nature of the arrangement and potential shifts in how major energy traders navigate US-Venezuela commerce.

Following this story?

Get notified when new coverage appears

Should this be getting more attention?

You Might Have Missed

Related stories from different sources and perspectives

Exclusive: At least 40% of Russia's oil export capacity halted, Reuters calculations show - Reuters
Global

Exclusive: At least 40% of Russia's oil export capacity halted, Reuters calculations show - Reuters

<a href="https://news.google.com/rss/articles/CBMivgFBVV95cUxPUzdaa0lJdElid1NPc2RhSGJGdkRGenM0UGcyWDNfTTUtbWFwMmFHbjgyaVEyb1BDTG5EdVlTamZBVkQtLXhBaE45dWZBX1luTUNGWWhzSmwtVXY2cTkzSmZHQlpNVDNoQjg5R1Y4WkJtTm5uTmNfaHlseDEtZ2xndmtnUHNjckE5Z3lrbDlXMTdEeVJOdkxYb2Z6dzBsRV80Wl8tR0lFeHpTS1pwcWZoUWpJeU5UNjFnaVg2T0RB?oc=5" target="_blank">Exclusive: At least 40% of Russia's oil export capacity halted, Reuters calculations show</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

ReutersMar 25
Exclusive: US sends subpoenas in Warner-Paramount antitrust review as probe picks up steam - Reuters
Corporate

Exclusive: US sends subpoenas in Warner-Paramount antitrust review as probe picks up steam - Reuters

<a href="https://news.google.com/rss/articles/CBMitgFBVV95cUxNbk5UU21MRVZ2UW9kMENwZ2dBY1NjSzRVbFYxMFlWbkJtUGZGc3U2QWdkZzA0bHJWYXhLWk0wekhRWS00Y0pjRjNHMHJIRExjZ051bkowMGc2RzVreWhBMTNFTjhWeHJXeVNvNjhLLWRQVXV5aFZaVk1VUHVKU0F2dlBoUEJsRngyTUhoQng0RmtxVEpxMTFxREg3V2pKNHZmYUZwQTI0Vkp2QmMtaVVTZWFEN3Q1QQ?oc=5" target="_blank">Exclusive: US sends subpoenas in Warner-Paramount antitrust review as probe picks up steam</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

ReutersMar 27
Trump interrupts a Cabinet meeting dealing with the Iran war and rising prices to talk Sharpies - AP News
Politics

Trump interrupts a Cabinet meeting dealing with the Iran war and rising prices to talk Sharpies - AP News

<a href="https://news.google.com/rss/articles/CBMimgFBVV95cUxPZVVvM1JXTG9Lb0lCWnRyeWNVTnRHSEN6YlRrOW9ULVVRN1FieUpsT08yWmc3Y040OFZaS19GdkNCTHBrZUxlODRNTS1ULURxLTJYWk1PeDgyeXUxNUlQX1pCbURJaHo5SWhJMzk5b0Z1dk4tVzhRNXpLRkpiU3FPTXBlRlFPVGxRbEtlakVsRk5FYkpiSl9PWDdB?oc=5" target="_blank">Trump interrupts a Cabinet meeting dealing with the Iran war and rising prices to talk Sharpies</a>&nbsp;&nbsp;<font color="#6f6f6f">AP News</font>

AP NewsMar 26
India central bank rupee curbs to force unwinding of arbitrage bets, traders say - Reuters
Finance

India central bank rupee curbs to force unwinding of arbitrage bets, traders say - Reuters

<a href="https://news.google.com/rss/articles/CBMivgFBVV95cUxObFU4OVdzcTFFTEktcGhuTEdJckpfYTExcGZaQ1ExanVPT3prMTZRN29wU1N4cTVYcE8xSktZLVowakswWGQ5OENjcm10XzRsa3NKT055UF9QNUMwN1FIbk8yYUFyTm9ESEtBMHFESnlRWkQ2Z0t0SGxmdDBraC1vT1hOelFNMmtDT2FmcV9waHFPdFc5UG96UDJGVk9DbDVGdzdDa21YdFNPVWRfTnVVczdMNzhmQkZsYUFaeHlR?oc=5" target="_blank">India central bank rupee curbs to force unwinding of arbitrage bets, traders say</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

ReutersMar 28
Arizona gun dealer accused of selling firearms to two Mexican cartels
National Security

Arizona gun dealer accused of selling firearms to two Mexican cartels

<p>Laurence Gray charged with attempting to provide material support to terrorist organizations </p><p>An Arizona licensed gun dealer was charged this month with attempting to provide material support to terrorist organizations after federal agents caught him allegedly selling a series of rifles and guns to two Mexican cartels.</p><p>The federal charges against the American firearms dealer come amid years of pressure by the Mexican government to stop the flow of weapons into the country. Mexico’s violent and bloody internal conflict, between drug cartels and the Mexican government, has been largely fueled by American weapons smuggled into the country.</p> <a href="https://www.theguardian.com/us-news/2026/mar/26/arizona-gun-dealer-mexican-cartels">Continue reading...</a>

The Guardian US NewsMar 26
More than 3 million pounds of Trader Joe’s food added to nationwide mass recall
Health

More than 3 million pounds of Trader Joe’s food added to nationwide mass recall

Another popular product has been included in the mass recall affecting millions of pounds of food sold at Trader Joe's locations throughout the United States.

The HillMar 26
Read Next
The Trump EPA Official in Charge of Methane Regulations Helped Write Oil Industry Argument Against Those Rules
Corporate

The Trump EPA Official in Charge of Methane Regulations Helped Write Oil Industry Argument Against Those Rules

The post The Trump EPA Official in Charge of Methane Regulations Helped Write Oil Industry Argument Against Those Rules appeared first on ProPublica .

Continue reading

Did this story change how you see things?

Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.

Share this story

Get the daily digest

Save for later

The Verity Ledger curates verified investigative journalism from trusted sources only.

See our sources