Vitol
6 stories related to this topic, newest first.
rigzone.comEni Plans to Accelerate $4 Billion Ivory Coast Offshore Expansion
Eni Chief Operating Officer Guido Brusco said the company will seek to speed up a $4 billion expansion of its offshore joint venture with Vitol Group in the Ivory Coast. The statement provides no additional timeline or project details.
prnewswire.comVitol Group Increased U.S. Natural Gas Trading Volume Above Rivals
Vitol Group reported the largest increase in U.S. physical natural gas trading among major energy traders. The growth occurred during a period of rising demand for the fuel used in power plants and furnaces.
swissinfo.chVitol Markets Iraqi Basrah Crude Amid Persian Gulf Tensions
Commodity trading giant Vitol is offering Iraqi Basrah crude to customers, people with knowledge of the matter said. The move signals that some shipments may have successfully made it out of the Persian Gulf. @JavierBlas reported the development.
/Exxon_Mobil_oil_refinery_-_Baton_Rouge_Louisiana1-f288811f21754c8da02c51f68f83827b.jpg)
investopedia.comVitol Group Reports $2 Billion First-Quarter Profit Amid Iran War Losses
Vitol Group informed banks of a roughly $2 billion profit in the first quarter. The disclosure aimed to address concerns over losses in certain business areas due to the Iran war. As the world's top energy trader, Vitol provided this information to reassure lenders.
ibtimes.co.ukVitol Trading Team Incurs Several Hundred Million Dollar Loss in Oil Market Bets Early in Iran War
A team at Vitol, led by a trader, reported a loss of several hundred million dollars from oil market positions early in the Iran war. The loss resulted from bets that did not perform as expected, according to people familiar with the matter. This incident highlights risks in comm…
Substrate placeholder — needs reviewVitol Reorganizes Derivatives Team in London Following Mark-to-Market Losses
Vitol Group is reorganizing its derivatives trading team in London. The move comes weeks after the company reported significant mark-to-market losses at the start of the Iran war. Details were provided by sources familiar with the matter.