Phillips 66, Citgo Move Toward Direct Venezuelan Crude Purchases
U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize
U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize
U.S. expanded licenses for Venezuelan oil exports are expected to restore PDVSA production to pre-blockade levels of 1.2M bpd by mid-2026. Vitol and Trafigura
US Gulf Coast refiners are struggling to absorb surging Venezuelan oil imports after Trump's $2B supply deal. Venezuelan exports tripled to 800K bpd but prices
President Donald Trump has portrayed his takeover of Venezuela’s oil sales as a victory for America, but when his administration wanted to sell several
By Lucia Kassai (Bloomberg) — Commodities trader Vitol Group loaded its first oil cargo from Venezuela’s shore-based storage tanks, a move set to help
By Shariq Khan and Marianna Parraga NEW YORK/HOUSTON, Jan 10 (Reuters) – Commodities trader Vitol is expected to load the first cargo of naphtha
By Sharon Cho (Bloomberg) –Top trader Vitol Group is still buying “very modest” volumes of Russian oil products and is studying whether the company
By Jack Farchy, Ben Bartenstein and Archie Hunter (Bloomberg) –A trading house that owns part of a stake in Russia’s flagship oil project said its
By Archie Hunter and Anna Edwards (Bloomberg) — Oil prices could be set for a “prolonged period” above $100 a barrel over the next six to nine
V-Bunkers, the Singaporean bunker arm of Dutch-based Vitol, has placed an order to build two electric-hybrid bunker tankers. V-Bunkers intends to deploy these
SEOUL, July 30 (Reuters) – South Korea’s Hyundai Heavy Industries Co has won a contract worth up to $600 million from Vitol, the world’s
Vitol said today crude could resume a slump that saw prices fall 61 percent between June and January, as unrelenting growth in U.S. output leads to a
Nov. 19 (Bloomberg) — Exports of liquefied natural gas are contracting for a second year, diminishing the number of available cargoes at a time when
By Emma Farge and Dmitry Zhdannikov GENEVA, Feb 28 (Reuters) – Vitol, the world’s biggest oil trader, reported revenues that topped $300 billion
Vitol Group plans to start sales of marine fuel, or bunkers, to a port in southern Malaysia as it seeks to supply ship owners that moved from Singapore, the
LONDON–Danish shipping giant A.P. Moller Maersk A/S (AMKBY) is in talks with Vitol SA over reports the trading house chartered one of the
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