World’s Top Oil Trader Hit by Massive Loss on Bets Gone Wrong
The legendary derivatives trading team at Vitol Group, the world’s largest oil trader, has reportedly lost hundreds of…
Bolivia Halts Fuel Imports Amid Smuggling Scandal
In a major move, Bolivia announced the suspension of its gasoline contracts with Vitol and Trafigura due…
Venture Global and Vitol announce new LNG purchase agreement
Venture Global, Inc. and Vitol announced the execution of a new, binding agreement for the purchase of approximately…
Expanded U.S. Licenses Set Stage for Venezuela Oil Production Rebound
By Shariq Khan NEW YORK (Reuters) – Expanded U.S. licenses for Venezuela-related deals are expected to restore the…
Surge in LNG Supply: A Decade of Market Stress Ahead
In a recent revelation at the LNG2026 conference in Doha, Qatar, Pablo Galante Escobar, the head of…
Citgo Buys Venezuelan Oil for the First Time Since 2019 Sanctions
Citgo Petroleum, the U.S.-based refiner formerly owned by Venezuela’s state oil firm PDVSA, has bought its first Venezuelan…
Venezuelan Crude Is Losing Its Appeal in China
Chinese state-owned giant PetroChina, which hasn’t bought Venezuelan crude since the U.S. imposed sanctions on Venezuela in 2019,…
Vitol locks in LNG supplies through 2031 with Brunei-based firm
Vitol, an energy and commodities company, has prolonged its liquefied natural gas (LNG) sale and purchase agreement (SPA)…
Vitol Extends Brunei LNG Supply Deal Through 2031
Brunei Energy Services & Trading and global energy trader Vitol have extended their long-term liquefied natural gas Sale…
U.S. Refiners Snap Up Venezuelan Crude at Steep Discounts
Valero and Phillips 66 have bought two cargoes of Venezuelan crude that are part of the 50 million…
Global Traders Launch Legal Venezuelan Oil Sales to China
Vitol, the world’s biggest independent oil trading group, is offering Venezuelan crude to Chinese refiners at a discount…
Delfin Midstream eyes green light for first FLNG in February
US-based Delfin Midstream said on Monday it expects to reach a final investment decision for its first floating…