Tag Archives: Oil Trade

Vitol. the world’s largest independent commodity trader. is increasing its export prepayment deals to secure more oil trade with cash-strapped producers.

The East Coast of the U.S. could avoid supply disruptions for the time being because of adequate storage.

Several Russian banks are already subject to U.S. and European Union sanctions.

The country'.s main export grade. marketed as Iran Heavy. gained 42 cents to reach $49.35 per barrel. matching its 2017 average.

Iraq has been reforming its oil sector to achieve higher prices and setting up trading and shipping joint ventures.

CEFC would be the first privately held Chinese firm to invest in a major oil giant.

The bulk of Iraq'.s oil is exported via the southern terminals. Smaller amounts are shipped from northern Iraq via Ceyhan in Turkey.

OPEC hopes the market rebalancing will accelerate in the second half of this year.

Italy purchased 2.8 million tons in the four-month period. accounting for nearly 30% of all imports.

The U.S. buys about a third of Venezuela’s crude production and is the main buyer that pays in cash.