Tag: oil trader

May 7, 2018

Libya Withholds Total’s Share of Waha Oil While Sale is Examined

Libya’s National Oil Corporation has been withholding Total's share of crude oil from the Waha concession over an ongoing dispute.
May 10, 2017

What Will Extended OPEC Supply Cuts Mean for Oil Prices?

Late in 2016, OPEC members agreed to a six-month production cut. Now Saudi Arabia is proposing an extension to the...
February 28, 2013

Vitol Revenues Top $300B in 2012

Reuters reported that the world’s largest oil trader, Vitol, reported revenues of $303 billion in 2012, which is a 2%...
April 17, 2012

Iranian Crude Export Market Goes Undercover

In an attempt to defy western sanctions, Iran has begun to expand its crude tanker fleet while simultaneously going to...
December 19, 2011

Commodities Giant Trafigura Shopping for Coal and Iron Projects in Mongolia

Looking to capitalize on Mongolia’s growing importance as a strategic raw materials supplier to resource-hungry China, private commodities company Trafigura...
July 4, 2011

Oil Steadies as US Holiday Curtails Trade

Reuters Africa reports that oil prices steadied on Monday as the US took a holiday slowing trade.