You Searched For "Vitol" and got 20 results
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2 mins read
Soaring fuel prices are already causing demand destruction, according to the world's biggest oil trader
There's evidence out there of "economic stress" being caused by the high prices, Vitol's Mike Mulle…
Zahra Tayeb
2 mins read
The US is likely to turn a blind eye to sanctioned Iranian oil as it tries to lower gas prices, leading trader Vitol says
The Biden administration is scrambling to bring down sky-high gas prices by encouraging countries t…
Harry Robertson
2 mins read
Sanctions have forced Russia to cut its oil output by 1 million barrels a day. That's a 'drop in the ocean,' says the world's largest independent oil trader.
Russia produced about 11 million barrels of crude oil a day before it invaded Ukraine, 7 million of…
Huileng Tan
2 mins read
The world's biggest oil trader says the energy market reflects less concern about a supply crunch from the Russia/Ukraine war
Vitol's Mike Muller said the US announcing an unprecedented release of oil from reserves and COVID …
Hamza Fareed Malik
1 min read
Some demand for energy in Europe could be 'lost forever' after a terrible year for oil and gas, exec says
Energy demand that has already dwindled may never return, and the sector still faces difficulties i…
Phil Rosen
3 mins read
The world's largest oil trader saw profits dive 70% at the start of 2020 as prices crumbled
Vitol suffered a 70% loss in its first quarter with net income falling to $180 million compared to …
Saloni Sardana
2 mins read
SUN Mobility raises $50 million from energy giant Vitol
"Vitol will bolster our vision of onboarding 1 million EVs on SUN Mobility's platform by 2025 …
2 mins read
Watch for oil demand to soar to record highs this year and drive crude back up to $100, top energy trader says
"The prospect of higher prices in the second half of the year, in the sort of $90-$100 range, is a …
Zahra Tayeb
4 mins read
The Fed's going to have to come down hard on consumer demand to tame inflation
Insider's Phil Rosen breaks down why the central bank has to maintain restrictive monetary policy, …
Phil Rosen
1 min read
Israel exports oil for the first time ever after diplomatic breakthrough with Lebanon
Israel's oil export was sold to commodities giant Vitol through a multi-cargo agreement.
Filip De Mott
2 mins read
EU sanctions on Russian oil take effect on Monday - here's what to expect and why the price cap may not yield any real results
About 2.4 million barrels of Russian oil that once flowed to the EU per day will have to find a new…
Brian Evans
1 min read
Russia's expanding 'dark fleet' of tankers won't prevent its oil exports from crashing, top energy trader says
The CEO of Vitol, the world's biggest independent energy trader, explained why Russia's crude expor…
Phil Rosen
1 min read
Russia is now India's top oil supplier, overtaking Iraq and Saudi Arabia, as Moscow looks to replace the EU as a customer
Russia supplied India with 946,000 barrels a day of crude in October, the highest level ever in a m…
Phil Rosen
2 mins read
Cheap US gas is a thing of the past for energy-starved Europe as inflation pushes up costs, Texas energy boss says
Europe should invest in US gas projects if it wants to control its access to the resource, the LNG …
Zahra Tayeb
2 mins read
US authorities stopped a tanker full of Russian oil products on its way to New Orleans, report says
The US banned Russian energy imports in early March in response to Vladimir Putin's war on Ukraine.
Jennifer Sor
2 mins read
An oil trading company named Bellatrix is one of the under-the-radar firms that has taken over from the big names in shipping Russian crude
Major oil traders have shunned Russian oil after the invasion of Ukraine, paving the way for under-…
Hamza Fareed Malik
2 mins read
World's biggest oil traders are set to cut out Russian oil purchases from the middle of May, report says.
Major oil trading houses are set to significantly reduce the amount of oil they purchase from Russi…
Adam Morgan McCarthy
2 mins read
Ukraine asks the world's largest energy traders to stop handling Russian oil as they've continued to move millions of barrels since the war
Vitol, Trafigura, Glencore, and Gunvor have traded about 20 million barrels of Russian crude and oi…
Shalini Nagarajan
2 mins read
Surging natural gas prices trigger hundred of millions of dollars in margin calls, report says
European natural gas prices have surged by nearly 400% this year, spurred by low inventories and de…
Carla Mozée
4 mins read
Inside the Middle East's biggest oil and gas conference, and assessing a damaged post-WeWork landscape
Business Insider was on hand to witness the historic accord in person. Here's a first-hand account …