LONDON Vitol reported higher traded volumes last year on Tuesday, cementing its position as the world's largest oil trader, and said it expected oil demand growth to peak by around 2034.
* Vitol's upstream Nigeria deal expected to close later this
LONDON, March 15 The investment banking unit of
Russia's VTB has expanded its base metals and precious trading
divisions with new hires in Switzerland and China, VTB Capital
said in a statement.
DUBAI/LONDON/SINGAPORE Iraq's state oil marketer SOMO has scrapped two joint ventures (JVs) and reduced contracts with some European customers to push its way into trading by selling more of its crude ad hoc, trading and industry sources said.
DUBAI/LONDON/SINGAPORE, March 13 Iraq's state
oil marketer SOMO has scrapped two joint ventures (JVs) and
reduced contracts with some European customers to push its way
into trading by selling more of its crude ad hoc, trading and
industry sources said.
LONDON High-sulphur fuel oil demand will fall 60 percent next year while marine gasoil demand will more than double due to new international regulations on shipping fuel, the International Energy Agency forecast on Monday.
LONDON, Feb 27 Algeria's state oil firm
Sonatrach has extended its crude for oil products deal with
major trading firm Vitol from the end of 2018 until the end of
April this year, four sources familiar with the matter said.
LONDON Energy trader Gunvor Group is considering selling non-core assets in Russia and finding a strategic partner for its German refinery as it tries to recover from the first-ever annual loss it suffered in 2018, trading and banking sources said.
LONDON/DUBAI Saudi Aramco’s trading arm plans to open an office in London soon as it expands its international business, sources familiar with the move said.
GENEVA Global commodities firm Trafigura has decided to stop trading oil with Venezuela due to U.S. sanctions on the OPEC nation's energy sector, a source with direct knowledge of the matter said.