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APPEC Russian oil diversion post-EU sanctions to raise shipping hurdles
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and products will have to be diverted to markets outside Europe and advanced economies when European Union sanctions take effect in the coming months, Vitol executives said.
read more... 27/09/2022
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Rosneft and Vitol strike first major oil trading deal since 2013
Trading firm Vitol has started taking delivery of oil from Russia's top producer Rosneft under a new long-term supply deal as the two companies deepen their cooperation, four industry sources told Reuters.
read more... 06/10/2021
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Vitol boss warns of oil supply 'gap' in 2025-2035 as upstream spending ebbs
The world faces a potential global oil supply shortage over the coming decade as the pullback from fossil fuels project by parts of the industry creates a gap with expected demand, Russell Hardy, CEO of commodity trader Vitol, said June 15.
read more... 16/06/2021
Viva Energy signs up partners to develop LNG terminal at Geelong
One of the consortiums is comprised of ENGIE SA's local unit and Japan's Mitsui & Co, while the other is made of Dutch energy and commodities trader Vitol and energy storage provider VTTI, Viva Energy said
read more... 07/12/2020
ADNOC says signs LNG supply agreements with Vitol and Total
Vitol would get 1.8 million tons per annum (mtpa) of post-2022 LNG volumes and Total would get 0.75 mtpa of 2021 and 2022 LNG volumes
read more... 12/11/2020