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Vitol
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Shell, Vitol and Helios Reach Agreement on African Downstream Businesses
Dec 10, 2016“This is a good deal for our customers as well as for Shell,” said Mark Williams, Royal Dutch Shell’s Downstream Director. “We will significantly reduce our capital exposure in line with our strategy to concentrate ...
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Shell Agrees Sale of Downstream Businesses in Australia to Vitol
Dec 8, 2016The sale covers Shell’s Geelong Refinery and 870-site retail business - along with its bulk fuels, bitumen, chemicals and part of its lubricants businesses in Australia. It also includes a brand license arrangement and an exclusive ...
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Total, Vitol, Trafigura Win Nigeria 2016 Crude Oil Term Contracts
Dec 18, 2015France's oil giant Total and international trading firms Trafigura and Vitol were among 21 companies handed crude oil term lifting contracts for 2016 by state oil firm Nigerian National Petroleum Corp, NNPC said Thursday. "NNPC issued ...
Tags: Crude Oil, oil trading
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China Bitumen Blend Demand Continues to Ease
Nov 7, 2015Demand for imported crude, petroleum bitumen blend and straight-run fuel oil by independent teapot refineries in China's eastern Shandong province was relatively weak over this week, given narrowing refining margins on lower oil prices in ...
Tags: crude, petroleum bitumen, fuel oil
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Dated Brent at Nine-Week Low Amid Weak Refining Margins and Cheap Urals
Nov 4, 2015Dated Brent has fallen to a nine-week low, with uncommitted November Brent and Forties cargoes weighing on values amid weak local refinery uptake of the grade, sources said. Dated Brent fell to Forward Dated Brent minus 51 cents/b Monday, ...
Tags: Dated Brent, refiners, crudes
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The Increase in The Availability of Electric Vehicles Disrupt The Fuel Retail Operations
Dec 24, 2014The increase in the availability of electric vehicles has the potential to disrupt the fuel retail operations of supermarket giants Woolworths and Coles, according to market research organisation IBISWorld. Fuel retailers such as ...
Tags: electric vehicles, Agriculture
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Kazakhstan's CPC Blend Crude Oil at 23-Month Low Versus Dated Brent
Jun 23, 2014Kazakhstan's CPC Blend crude has fallen to a 23-month low versus Dated Brent, as weak end-user demand has continued to weigh on values for prompt supplies. CIF Augusta CPC Aframax cargoes were assessed at a $1.73/barrel discount to the ...
Tags: Crude Oil, CPC Blend crude
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Differentials for CIF Augusta Urals Aframax Cargoes Climbed $0.445/Barrel Wednesday
Jun 16, 2014The Urals crude market strengthened sharply Wednesday in both Northwest Europe and the Mediterranean as buying interest increased sharply to clear some remaining prompt June cargoes. Differentials for CIF Augusta Urals Aframax cargoes ...
Tags: Crude Oil, crude market
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The Volume of US Natural Gas Traded During Bidweek Is Poised for Its Fourth Decline
May 6, 2014The volume of US natural gas traded during bidweek is poised for its fourth straight year-on-year decline as banks and other large players pull back from the monthly baseload market, according to a Platts examination of ...
Tags: Natural Gas, physical deals
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Rotterdam Diesel Barge Daily Trading Volumes Have Risen to Their Highest Level
Apr 15, 2014Rotterdam diesel barge daily trading volumes have risen to their highest level since October due to planned maintenance at refineries and low physical stocks in Amsterdam-Rotterdam-Antwerp, traders said Friday. A total of 240,000 mt has ...
Tags: Diesel, distillate products, jet fuel
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Spot Prices for Delivered Cargoes of North Sea Propane Have Gained Support
Mar 27, 2014Spot prices for delivered cargoes of North Sea propane have gained support from demand for first-half April product, according to industry sources. Following a mild winter, demand for propane from the traditional heating sector is ...
Tags: Propane, April Demand, petrochemicals
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The Ugandan Government Has Signed a Long Awaited Deal with UK-Based Tullow Oil
Feb 10, 2014The Ugandan government has signed a long awaited deal with UK-based Tullow Oil, Total and China National Offshore Oil Corp, to develop its oil sector, paving the way for the country's first commercial crude production. The pact details ...
Tags: Oil Development, Mineral
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St. Petersburg Hosted Today a Working Meeting Between Alexey Miller and Ian Taylor
Dec 4, 2013St. Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Ian Taylor, President of Vitol Group. The parties addressed the issues of bilateral cooperation. Special attention was ...
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London Mining Saw a Considerable Year-on-Year Increase of 250% in Q3 Iron Ore
Nov 12, 2013London Mining (LM) saw a considerable year-on-year increase of 250% in third-quarter iron ore concentrate output from its Marampa mine in Sierra Leone to 948,000 wet mt, according to the company's production report. However, compared with ...
Tags: London Mining, Mineral, iron ore
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The Voyage Across The NSR Took 14 Days
Oct 31, 2013Sovcomflot tanker Viktor Bakaev completes East to West Northern Sea Route voyage Wednesday. On 28 October 2013, at 12:20 p.m. Moscow time, the SCF Group (Sovcomflot) tanker Viktor Bakaev passed Cape Zhelaniya, thus completing her transit ...
Tags: Transportation, service
