China's fuel oil imports in July were flat from a year earlier, at 1.87 million mt, amid sustained weak demand for the fuel, detailed data released last week by the General Administration of Customs showed. The volumes refer to the fuel ...
The Asian naphtha industry gathered Thursday for the start of the 22nd CFR Far East Open Specification Naphtha Meeting to debate among other things a recommendation that seeks to widen the scope of naphtha cargo origins for inclusion in an ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Gasoil volumes from Northwest Europe have been heading to the Red Sea, rather than from the traditional supply region of Asia, to meet rising demand for power generation in the Middle East, ahead of the Muslim holy month of Ramadan, driven ...
Tags: Gasoil Volumes, Power Generator
The spot market for LPG cargoes loading out of the Middle East has softened amid weak demand from Asian buyers, according to market sources. This was reflected in the spot cargo price differentials, with Arcadia heard selling 44,000 mt of ...
Four industry sources have told Reuters that Swiss oil trader Trafigura is still indirectly supplying gasoline to Iraq through another firm, despite being banned from participating in tenders for 2013 after buying oil from Iraqi Kurdistan. ...
Tags: oil trader, oil, gasoline
South African coal exploration and development firm Ikwezi Mining said Wednesday it had signed an off-take agreement with commodities trader Vitol for 3.96 million mt of steam coal over three years. Ikwezi, which is listed on the ...
The CEO of Total, Christophe de Margerie (pictured), is to appear in a Paris court on Monday to fight charges of wrongdoing relating to the United Nations oil-for-food relief program in Iraq. Total, Vitol and 18 individuals, including de ...
Tags: CEO, Total, oil-for-food relief program, Iraq
South Africa-based coal producer Coal of Africa Limited (CoAL) has announced that it has signed a binding memorandum of understanding with global trading company Vitol Group of Companies (Vitol). Accordingly, Vitol will be responsible for ...
Tags: South Africa, coal producer, CoAL, Vitol
Reuters reported that Rosneft,seeking to wrap up Russia's largest-ever takeover deal,raised USD 16.8 billion in bank loans and signed long-term supply deals with two leading oil traders that could be worth as much as USD 50 billion. ...
Reuters reported that Rosneft is talking to oil majors and traders, including Shell, Total and Glencore, to raise up to USD 10 billion using future oil exports as collateral to complete its purchase of TNK-BP and become the world's biggest ...
Tags: oil majors and traders, future oil exports, oil producer, trade finance
Reuters reports that Kurdistan has begun shipping oil to international markets in independent export deals that some see as paving the way to greater Kurdish autonomy. The move is likely to further enrage the central government in ...
Tags: Ali al-Dabbagh, Ashti Hawrami, KRG, Kurdistan, oil contracts, oil exports
Iraq's State Oil Marketing Organisation has finalized a term deal to buy up to 1.097 million tonnes of gasoil for delivery next year from Swiss trader Vitol and oil major BP. Traders said that the company has agreed to pay a premium of ...
Reuters cited Mr Abdul Kareem Luaibi oil minister of Iraq as saying that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Baghdad is in dispute ...
Reuters reports that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Iraqi Oil Minister Abdul-Kareem Luaibi[Elaibi]said on in Vienna: "In ...
Tags: Vitol, oil, Kurdish oil, Iraqi
Reuters reports that LUKoil,Russian's biggest non-state oil producer,which is believed to be considering buying ExxonMobil's stake in the West Qurna-1 oil field,has bought oil from Kurdistan in defiance of Baghdad. Baghdad has long ...
Tags: LUKoil, ExxonMobil, oil producer, Kurdistan