Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a US license that allows the world’s largest independent oil trader to do business in the sanctioned nation. Vitol is ...

(Bloomberg) — Commodity giant Vitol Group generated earnings of over $8 billion in 2024, according to people familiar with the matter, cementing its position as by far the most profitable energy ...

Global commodities trader Vitol is considering selling its VTX Energy Partners shale-producing business in a sale that could be valued upward of $3 billion, according to Reuters. Vitol is working ...

Global commodities trader Vitol is exploring a sale of its VTX Energy Partners business, in a deal that could value the U.S. shale oil and gas producer at as much as $3 billion, including debt ...

Vitol will acquire stakes in projects in Ivory Coast and the Republic of Congo for at least $1.65 billion, according to a statement on Wednesday. The deal deepens the company’s longstanding ...

Profit fell from the record $15.1 billion that Vitol earned a year earlier but was still more than triple the company’s profit in 2021, before Russia’s invasion of Ukraine triggered wild ...

Bribe payments by oil trading giant Vitol Group were facilitated by an accounting system that allowed employees to bypass internal controls, according to a company official. Traders could ...

Vitol noted that BP Turkey Refining Limited holds a 51 percent stake in the ATAS Anadolu Tasfiyehanesi AS joint venture, which owns an oil storage and terminal facility in Turkiye.

Vitol is a leader in the energy sector with a presence across the spectrum: from oil through to power, renewables and carbon. It trades 7.4 million barrels per day of crude oil and products, and ...

Contacts Media Contacts: Sarah Warren, Avangrid sarah.warren@avangrid.com 585-794-9253 Andrea Schlaepfer, Vitol acs@vitol.com +4407525403796 ...

Vitol also agreed to pay a $16 million penalty to the Commodity Futures Trading Commission in a "related matter", and “disgorge” more than $12.7 million, officials said.

Commodity and energy trader Vitol Group made net profits of $15.1 billion in 2022, per Bloomberg. Its 3,300 employees were paid an average of $785,000 – nearly double the sum for the previous year.