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The Latest Breaking News from Vitol

‘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 - AU

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

The Guardian - UK

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

Javier Aguilar paid hundreds of thousands of dollars in bribes

International Business Times

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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.

Top News

Dartbrook mine set to reopen after 18 years

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

Newcastle Herald

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 Hindu

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

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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

The Guardian - UK

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

Birmingham Post

‘Greed and fear’: How BP and Shell oil profit is boosted by own traders

Analysis: Turmoil resulting from pandemic and Ukraine war create ideal conditions for speculators

The Guardian - UK

Morning Digest | Six women, two children burnt to death in Bengal’s Birbhum; IIT-Kanpur hasn’t forecast fourth wave of COVID-19: Centre, and more

A select list of stories to read before you start your day

The Hindu

Will Ireland run out of diesel? Experts warn of huge shortage

Experts have said Europe is at risk of a “systemic” shortage that could result in fuel rationing, reports the Financial Times

Irish Mirror

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The Guardian - UK

Ex-minister who warned on sanctions works for oil trader linked to Russia

Alan Duncan’s employer Vitol has stake in vast Arctic exploration project backed by the Putin regime

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