Earlier this year I observed that the U.S. Virgin Islands’ Water and Power Authority (WAPA) was foolishly emulating the strategy of Puerto Rico’s sclerotic energy authority, PREPA, of running up debt,...
Tag: Vitol
Surging Fuel Costs Are Causing Demand Destruction, Says Vitol
(Bloomberg) — The global surge in the cost of fuel is starting to weigh on demand, according to the world’s biggest independent oil trader. Most Read from Bloomberg Consumers are being hit by th...
US May Allow More Iran Oil to Flow Even Without Deal, Says Vitol
(Bloomberg) — Most Read from Bloomberg The US may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, according to the biggest independent cr...
Trading Russian Oil Will Become Harder From Mid-May, Vitol Says
(Bloomberg) — Commodity firms will find it much harder to buy and sell Russian oil from the middle of this month, according to the world’s biggest independent crude trader, as Europe tightens sa...
Oil Prices May Rise Even More on Tight Supply, Vitol Group Says
(Bloomberg) — The world’s biggest independent oil trader said crude prices, already up more than 10% this year, could rise even further because of tight supplies. Most Read from Bloomberg “These...