Page 12 - Vitol News Today

Russia has mandated a reduction in oil production for the second quarter, aiming to achieve a target of 9 million bpdby the end of June.

India is the third largest consumer and importer of oil in the world.

Global commodities trading house Vitol likes exposure to the U.S. upstream space—while supermajor producer Exxon Mobil is digging deeper into its trading business, executives said at CERAWeek by S&P Global.

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The world is using more oil than ever and demand is outpacing expectations again this year.

NEW YORK - A former oil trader at Vitol, one of the world's largest energy trading companies, was convicted on Friday of corruption charges stemming from more than $1 million in bribes he paid to officials in Ecuador and Mexico to win business. Read more at straitstimes.com.

Vitol CEO Hardy: Overall global demand for oil, natural gas, and coal is also set to peak later than expected as the energy transition is progressing slower than initially thought.

Shipping firms will be able to buy EUAs from Vitol's carbon desk through the ZeroNorth platform.

ZeroNorth, has set up a partnership with global energy firm, Vitol, so that its customers will be able to buy European Union Allowances (EUA)