Tag Archives: Vitol

Some traders say the decision was driven by pricing disagreements.

PDVSA and Maduro’s government could have a much harder time finding destinations for Venezuelan oil than first thought.

In Europe. PDVSA trades with Spain’s energy major Repsol. commodity traders Trafigura and Vitol.

Sixteen companies. including five majors. have submitted 60 applications for the five acreages on offer in Ghana’s first licencing round.

Vitol has now revised down its oil demand growth forecast for next year to 1.3 million bpd.

Emerging-market crises and trade disputes could dent global demand.

Some traders are forecasting that the sanctions could remove up to 1.5 million barrels per day of crude from the market.

LNG prices in Asia are likely to remain largely unaffected for now.

Russia'.s Yamal LNG plant has offered cargoes for winter delivery to Asia.

The US threat to go after foreign businesses in Iran has been harshly criticized in Europe.