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...The name of its registered owner in the Marshall Islands: Social Club Inc....
...Smart reads Caught on tape The landmark trial of a former Vitol trader has shone an unprecedented light on wrongdoing in the global commodities trading industry, Bloomberg reports....
...Smith, said charterers had been seeking to water down demands to cover financial losses and “cast-iron promises” to maintain a certain rating, adding that big energy and mining groups like Glencore or Vitol...
...A version of this article was first published by Nikkei Asia on June 27. ©2023 Nikkei Inc. All rights reserved....
...Last year Driftwood lost two more high-profile buyers in Shell and Vitol and was forced to abandon a $1bn bond sale. Tellurian’s shares have lost 80 per cent of their value since 2019....
...Vitol, the world’s biggest independent oil trader, delivered almost 13mn tonnes of LNG last year....
...(FT) Expect the unexpected Even Vitol, which has a reputation for being one of the best-run trading houses, was blindsided by the Covid-19 crisis....
...Vitol, the world’s largest independent oil trader announced on Monday it was establishing a US oil production business called Vencer Energy looking to acquire “mature, producing oil and gas assets”....
...The claims detail transactions in which Hin Leong bought cargoes from suppliers such as Chevron and Vitol to sell them on to buyers including Sinochem and Glencore....
...At a recent conference, Pablo Galante Escobar, head of LNG at Vitol, said that its trading of JKM-priced gas had increased 350 per cent each year since 2016....
...Hong Kong-based Noble said in a stock exchange filing on Tuesday that it had agreed to sell Noble Petro Inc, a commercial supplier and wholesale distributor of refined petroleum products in the US, to Vitol...
...Over the past few years, independent traders such as Trafigura, Vitol, Gunvor and Glencore have increased their presence in the LNG market, using their commodity trading expertise as well as their links...
...Trafigura, a leading trader in energy and mining commodities, is among a group including Vitol, Glencore and Gunvor eyeing a larger presence in the LNG market as it shifts from fixed destination deals to...
...Noble, Vitol and Mercuria declined to comment. A spokeswoman for Pilot Flying J said the company did not “have any acquisition news to share at this time”....
...Since 2003, the Fed has given authority to 12 banks to wade into the physical commodities trading business, a province traditionally dominated by commercial merchants and producers such as BP, Cargill or Vitol...
...Since 2003, the Fed has given 12 banks authority to wade into the physical commodities trading business, a province traditionally dominated by commercial producers and merchants such as BP, Cargill or Vitol...
...two decades EDF Trading has made billions of euros of profit from trading coal, gas and electricity — markets in which it has grown to rival some of the industry’s biggest names including Glencore and Vitol...
...Vitol recorded a 15 per cent increase in net income, to $1.6bn, in 2015 according to figures seen last week by the Financial Times....
...Vitol, the world’s biggest independent oil trader, and Gunvor, once the biggest shipper of Russian crude, last week both reported net profits of more than $1bn for 2015....
...Chris Bake, an executive at Vitol, the world’s biggest oil trader, told the Financial Times the oil market could no longer rely on low prices to to drive “incremental demand”....
...Demand growth was “back up to 1.4-1.5m barrels a day” because of “strong pockets” in the US, Europe, the Gulf region and Asia, said Chris Bake, executive director at Vitol....
...In the 12 months to December, Vitol recorded a net profit after tax of $1.35bn, the most since 2011 when net income reached $1.7bn, according to market sources....
...Last year’s multibillion-dollar deal for JPMorgan’s physical oil and metals division has likely pushed its turnover into a similar league as privately owned trading houses Vitol and Trafigura, which dominate...
...giant supercooled ships operating and plans to become one of the biggest forces in the market, competing with established players including Qatar and Royal Dutch Shell, and independent traders such as Vitol...
...Ian Taylor, the head of Vitol, the world’s largest independent oil trader, said the market had seen “the final lows” even if there was the chance for prices to pull back slightly after rallying above $65...
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