The world’s largest independent oil trader, Vitol, is looking to secure long-term deals with some of the biggest oil-producing countries in the Middle East, in what has become a challenging wider oil-trading market.
Read MoreCongo Republic is set to become the latest African country to start debt relief talks with trading houses after borrowing $2-billion from merchants such as Trafigura and Glencore but now finding its debt levels unsustainable, sources familiar with the matter said.
Read MoreThe holding company Trafigura, the main oil supplier to Angola, is quoted in a Bloomberg investigation as one of the companies that can break through the economic sanctions imposed on North Korea by selling oil to the country.
Read MoreVitol in Africa stand-off on US$80- million oil ‘overcharging’ Vitol, the world’s biggest oil trader, faces a potential scandal over claims that it ripped off the people of impoverished Mozambique for critical fuel by at least US$80-million last year.
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