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The Latest Breaking News from Vitol

Trump Is Taking a Stake in Venezuela's Oil Industry and This Crony Is Cashing In

Alejandro Betancourt has become the key go-between for the Trump administration, Venezuela’s new regime, and American oil companies.

Reason

Iraq oil exports surge, India set to benefit as Hormuz flows ease

Iraq's oil exports increased significantly in August and September. This rise followed wide profit margins and Iranian tanker passage approvals. Buyers were incentivized by substantial discounts offered on Iraqi crude oil. Major importers like China and India are receiving more heavy crude. Shipments are improving supply to key Asian markets.

The Economic Times

Jefferies gets new evidence of fake invoices at beleaguered fund tied to iron ore trader

The discovery of fake invoices related to Sapphire Minmetals by Jefferies Financial Group has intensified scrutiny over the financial reports of Radiant World. This revelation has led the bank to reevaluate its investment exposure to both iron ore traders, as recent losses incurred from receivables finance have been troubling for…

The Economic Times

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How an iron ore empire began to raise doubts

Major commodity traders are cutting ties with Radiant World amid concerns, which suggest the company provided falsified documents to banks for financing. Glencore and Cargill have ceased new business dealings with Radiant World. Banks like Intesa Sanpaolo are reviewing their exposure to the firm. Radiant World denies the claims.

The Economic Times

The Hidden Networks Behind Brazil's Energy Market

How methanol connects traders, criminal networks, and Russian commodities in Brazil.

International Business Times

Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilities

Pakistan is proposing a bonded storage plan to boost its energy security by allowing international suppliers to hold petroleum stocks. The government aims to build strategic reserves, funded by a levy on fuel, and increase local supply capacity. This initiative comes as Pakistan lacks strategic petroleum reserves despite heavy reliance…

The Economic Times

‘It’s all fear and headlines’: energy traders race to keep pace with volatile oil markets

Market volatility caused by Middle East conflict exposes energy traders to heavy losses and rumours of insider trading at the highest level

The Guardian - UK

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U.S. To lift Some Sanctions On Venezuela's Oil Industry As Trump Admin Oversees Sector: Report

The U.S. is set to lift some sanctions on Venezuela's oil industry as the Trump administration continues to take steps to control the country's sector following the capture of authoritarian President Nicolas Maduro, according to a new report.

Latin Times

Marco Rubio Reportedly Granted Last Word On Revenue From Venezuelan Oil Sales, Sidelining Regime

Secretary of State Marco Rubio has been given the last word on the use of the revenue from Venezuela's oil sales as the Trump administration oversees the country's industry following the capture of authoritarian President Nicolas Maduro, according to a new report.

Latin Times

Indian Refiners Shut Out of Venezuelan Crude as U.S. Absorbs Most Volumes: 'Offers Are Not There'

Indian oil refiners are receiving only limited offers of Venezuelan crude as most available supply is being directed to the United States following Washington's takeover of Venezuelan oil sales after the capture of former president Nicolás Maduro.

Latin Times

Top Democrat reveals Donald Trump is turning America into ‘regional bully’ to benefit his donors and himself

Alll the chaos and destruction to fill his pockets.

We Got This Covered

Republican Rep. Slams Trump Over Handling Of Venezuela's Oil Industry: 'Selling Stolen Oil And Putting Billions Of Dollars In a Bank In Qatar'

Republican Rep. Thomas Massie slammed President Donald Trump over his administration's handling of Venezuela's oil industry since the capture of authoritarian President Nicolas Maduro.

Latin Times

Venezuela's Oil Exports Reportedly Dropped 75% Compared To Prior Months Since Maduro's Capture

Venezuela's oil exports have dropped 75% compared to the months prior to the capture of authoritarian President Nicolas Maduro by U.S. forces, according to a new report.

Latin Times

First Venezuelan Oil Sale Under Trump Plan Went to Major Campaign Donor's Firm

The first U.S.-brokered sale of Venezuelan crude under President Donald Trump's new energy plan went to Vitol, a global oil trading firm whose senior U.S.-based trader has been a major donor to Trump's re-election campaign.

International Business Times

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The Guardian - AU

‘Loophole’ in sanctions allowing Russian oil to be imported to Australia through port part-owned by Macquarie Bank

Australia stopped buying fuel directly from Russia after its invasion of Ukraine but has imported more than 3m tonnes of its oil products since 2023

The Guardian - UK

Two power station owners to get more than £12m for three hours of electricity

Uniper and a subsidiary of Vitol able to charge 50 times recent market price to ensure supply during evening peak

International Business Times

Ex-Energy Trader in US Pleads Guilty to International Bribery Scheme

Javier Aguilar paid hundreds of thousands of dollars in bribes

Top News

Italy Sets Conditions For Vitol's Saras Takeover

Italy outlines conditions for Vitol's potential takeover of Saras to safeguard energy security and economic interests.

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Newcastle Herald

Dartbrook mine set to reopen after 18 years

Australian Pacific Coal and Tetra Resources finalise US$60 million debt facility.

The Hindu

GAIL signs deal with Vitol for LNG

GAIL and Vitol Asia sign 10-year LNG deal for 1 million metric tonne/annum in India.

The Guardian - UK

Shell and Vitol accused of prolonging Ukraine war with sanctions ‘loophole’

Exclusive: Ukrainian economic adviser urges energy firms to heed deadline to halt trade of ‘Russian-origin oil products’

The Guardian - UK

Billionaire investor Křetínský and trader Vitol eye fortune in British power plant subsidies

Exclusive: Looming auction to earmark £1.5bn to put power generators on standby and keep the lights on

The Guardian - UK

Oil prices fuel doubling of profits from global commodities trading, report finds

Companies such as Vitol and Trafigura in spotlight over profits after Ukraine invasion

The Guardian - UK

The gas-fired plants tasked with keeping UK lights on – but at what cost?

The plants are meant to be a backstop, but their profits and exemption from windfall tax are controversial in an energy crisis

Birmingham Post

Expanding energy company VPI appoints first chief executive after significant growth in UK operations

£2b investment in transitional Net Zero strategy flaggged with Humber Zero plans high on the agenda

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