The US affiliate of global energy and commodities trader Vitol Group has agreed to pay $135 million to resolve the US Department of Justice’s (DoJ) investigations into...
14.03.2013
- Vitol, the world's largest oil trading house, has been barred by pricing agency Platts from its daily European "window" naphtha trading session after failing to deliver on time...
19.02.2013
- Top oil trader Vitol is increasingly dominant in European oil markets, taking a stranglehold on Urals crude to the Mediterranean and the naphtha and gas oil markets that rival...
28.01.2013
- Commodity traders Glencore International and Vitol have asked banks for a $10 billion syndicated loan to finance the purchase of up to 67 million tons of crude oil from Russian...
16.11.2012
- European oil refiners can expect margins to come back down to earth in 2013 as global capacity returns, after a rollercoaster this year that saw them soar in the second and third...
09.10.2012
- China's Sinopec has started work to build Southeast Asia's largest oil storage terminal at Indonesia's Batam Free Trade Zone, industry sources said on Tuesday. The first phase of...
11.07.2011
- Asia's naphtha price was at a five-week high on Friday while cracks slipped to end the week at a two-session low, snapping gains that lasted for five straight sessions. Bears said...
07.07.2011
- Demand for diesel in the Mediterranean has jumped and refiners in Greece, Italy and Turkey have bought at least 150,000 tons of the refined product, traders said on Wednesday....
