Page 96 - Vitol News Today

A suspension in Kurdistan oil exports abroad has halted debt repayments, worrying actors in the semi-autonomous region and Baghdad.

A suspension of Kurdistan's oil exports has halted repayments via crude cargoes of $6 billion owed to energy traders including Vitol and Petraco by the semi-autonomous Iraqi region, trading sources told Reuters.

March 30 (Reuters) - Global commodities trader Vitol posted a record net profit of almost $15 billion in 2022, reaping the benefits of the energy crisis and leaving behind its competitors, the Financial Times reported on Thursday, citing pe... | 12:17pm

A suspension of Kurdistans oil exports has halted repayments via crude cargoes of $6 billion owed to energy traders including Vitol and Petraco by the…

Ghana’s Petroleum Commission Chief Executive Officer (CEO) to Speak at Invest in African Energy Dubai Reception

Before plunging on Friday morning, oil prices had recovered somewhat from last weeks crash, but the lack of demand from the SPR capped that rebound.

VTX Energy, backed by Swiss oil trader Vitol, purchased 35,000 net leasehold acres with an average production of 40,000 boe/d in the Delaware Basin’s Pecos and Reeves counties, Texas, in a deal Enverus said could be valued at $1.5 billion to $2 billion.   

Brent slumped to $70 on Monday, a price that may prove to be the bottom for oil prices in 2023.

THE National Petroleum Corporation of Namibia (Namcor) is embroiled in a dirty power struggle between its board chairperson Jennifer Comalie and managing director Immanuel Mulunga over the control of the state-owned oil company.

Investegate announcements from Energean PLC, Energean Israel Full Year 2022 Accounts