Vitol to load first diluent cargo under Venezuela supply deal
Vitol and its trading peer Trafigura struck agreements with the US Government to help market the stranded Venezuelan…
First diluent cargo expected to enter Venezuela under US supply deal
By Shariq Khan and Marianna Parraga New York/Houston ― Commodities trader Vitol is expected to load the first…
Vitol and Glencore to bid for stake in Chevron’s Singapore refinery
Chevron, Vitol and Glencore declined to comment. Morgan Stanley, appointed to handle the sale of Chevron’s holding in…
Venezuelan oil exports fell 6.5% in Feb. with loss of Chinese market
A lack of very large crude carriers to transport bigger cargoes also limited exports from Venezuela, whose main…
AI Threat Signals Investors Should Shift Bets to Builders — Not Coders, UBS Wealth CIO Says
As artificial intelligence reshapes the global economy, one of Wall Street’s most influential voices is sounding a clear…
Venezuelan oil exports scale up with first VLCC bookings under US pact
Bigger shipments could lower costs The larger cargoes could cut transportation costs for traders and buyers, who have…
Phillips 66, Citgo seek to buy crude directly from Venezuela
(Reuters) U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state…
US refiners seek direct Venezuelan crude deals with PDVSA
Valero, the second-largest US refiner and a top buyer of Venezuelan oil from Chevron, plans to buy directly…
PDVSA restricts oil sales to individual US-licensed buyers
According to PDVSA’s export schedules updated this week, Vitol, Trafigura and Chevron continue lifting the lion’s share of…
Exclusive-Vitol and Glencore set to make formal bids for Chevron’s Singapore refinery stake, sources say
By Trixie Yap, Yantoultra Ngui and Chen Aizhu SINGAPORE (Reuters) – Global commodities traders Vitol and Glencore are…