டேவிட் ப்ரன்சேங் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from டேவிட் ப்ரன்சேங். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In டேவிட் ப்ரன்சேங் Today - Breaking & Trending Today

World's top oil trader Vitol smashed profit record in 2020


(March 17): Vitol Group reaped record profits of around US$3 billion last year as the world’s largest independent oil trader surfed the dramatic moves in energy markets, according to people familiar with the matter.
The results are the latest indication of the bonanza that oil traders enjoyed in 2020, when the commodity plunged amid a Saudi-Russian price war in the early days of the pandemic and then staged a sharp recovery as OPEC+ cut production.
Vitol hasn’t yet closed its 2020 accounts, and the final profit figure may still change, the same people said, asking not to be named because the information isn’t public. The company may also use some of last year’s earnings for write-downs, reducing the final net income figure. Still, the trading house expects to show a net profit of around US$3 billion in 2020, significantly higher than the previous record of US$2.3 billion booked in both 2009 and 2019, the same people said. ....

Saudi Arabia , United States , City Of , United Kingdom , David Fransen , Russell Hardy , Ian Taylor , Kho Hui Meng , Royal Dutch Shell Plc , Vitol Group , Trafigura Group , Big Oil , Glencore Plc , Chief Executive , Chairman Ian Taylor , Mike Loya , Shui Meng , சவுதி அரேபியா , ஒன்றுபட்டது மாநிலங்களில் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , டேவிட் ப்ரன்சேங் , ரஸ்ஸல் ஹார்டி , ஈயந் டெய்லர் , கோ ஹுய் மெங் , அரச டச்சு ஷெல் ப்ல் ,