You Searched For "vitol" and got 20 results
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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
1 min read
The 3,300 employees of an oil trading firm each made almost $800,000 last year – way more than Wall Street bank staff
Oil price gyrations following Russia's invasion of Ukraine meant profits of $15.1 billion that Vito…
Jordan Hart
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
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
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
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
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
3 mins read
The world's biggest oil trader thinks we may never see $100 oil again
Much has been written about whether oil has hit a bottom, with some major banks and analysts predic…
Will Martin
4 mins read
Succession Planning Is Especially Difficult In The Mysterious World Of Commodity Traders
Oil traders have come a long way since the 1970-1980s era of Marc Rich, the godfather of contempora…
Dmitry Zhdannikov and Jonatha…
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
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
1 min read
Ukraine will pursue war-crimes charges against leaders of JPMorgan Chase, Citi, and HSBC over Russia financing, Zelenskyy's economic advisor says
Oleg Ustenko told CNBC that Ukraine's justice and security services were gathering data on Western …
Kate Duffy
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
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
4 mins read
Barclays has lost a quintet of FIG bankers over the last month - and it shows how Jes Staley's bonus cuts may be affecting morale
The Barclays FIG group, run by Tom Vandever in the Americas and Tim Main globally, has no plans to …
Dakin Campbell,Trista Kelley
4 mins read
4 of the world's top oil and gas executives explain why they're backing a landmark trading deal that could revolutionize the industry
A second selling point was that Murban would be "destination-free" resource, meaning no restriction…
Joe Ciolli
2 mins read
MORGAN STANLEY: We're slashing our oil price forecast by 50%
The price of Brent crude, the European benchmark, peaked at about $140 a barrel in 2008 before cra…
Ben Moshinsky
1 min read
Oil from sanctioned Venezuela to help Europe replace Russian crude as soon as next month: report
The agreement would resume oil-for-debt swaps that have been halted for two years after the US impo…