Glencore and Mercuria Agree to Buy More LNG From Commonwealth
Glencore Plc. and Mercuria Energy Trading SA agreed to increase liquefied natural gas purchases under 20-year deals with…
Vitol Performed Well Despite ‘Triage’ Early in War, CEO Says
Vitol Group’s performance has been “good” so far this year in spite of a hectic period in the…
Vitol Reorganizes London Derivatives Team After Early Iran War Losses
Vitol Group is reorganizing its derivatives team in London, just weeks after the energy trading giant incurred significant…
UBS Says Dollar-Yen May Rise to 175 on Extended Oil Disruption
The yen’s slide is seen continuing even as Japanese officials ramp up intervention rhetoric, according to UBS Group…
Oil Market ‘Singularly Focused’ on Hormuz, Vitol’s Marshall Says
Oil markets are currently pricing in the reopening of the Strait of Hormuz sooner rather than later, according…
Vitol Part of Consortium for South Africa LNG-to-Power Project
Vitol Group is part of a consortium proposing a gas-to-power project in South Africa, as the country looks…
Oil Traders Secure $7 Billion in Credit Lines to Brace for Price Volatility
The world’s biggest commodity traders are lining up billions of dollars in new credit lines as they position…
Tullow Oil Agrees Refinancing with Glencore and Some Bondholders
Tullow Oil Plc has reached an agreement with some bondholders and lender Glencore Energy UK Limited that would…
US, Iran Will Continue to Hold Nuclear Talks Next Week, Oman Says
US and Iranian officials ended the latest round of nuclear talks in Geneva on Thursday by agreeing to…
Vitol Offers Venezuelan Crude Oil to China at Narrower Discount
Vitol Group has offered Venezuelan cargoes to Chinese buyers at discounts of around $5 a barrel to ICE…