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’What a missing Libyan tanker tells us about sanctions
Reuters published a special report Monday on the Libyan rebels’ efforts to sell oil in spite of the ongoing civil war and high levels of legal uncertainty.
The last time we posted on the topic, the rebels had sold 1m barrels with the help of Qatar but were struggling with both the supply and demand for further sales.
Vitol’s energy asset grab
The problems facing independent refiners refuse to go away, so it shouldn’t be a surprise that Europe’s largest independent refiner Petroplus last week agreed to sell its Antwerp refinery’s processing facilities in a bid to raise much needed cash.
Vitol ‘not in the business of speculation’
Maybe it’s just a media thing, but we are interested to know how Swiss energy trader Vitol might respond to the CFTC and/or the Washington Post, now it has been named as a supposed speculator playing with the oil price.
EXPOSED: TERRORISTS NOT BEHIND OIL PRICE HIKE
Instead it’s the Geneva-based oil trading conglomerate Vitol – or so America’s Commodity Futures Trading Commission seems to be insinuating.
The Washington Post on Thursday named Vitol, which has offices in about 25 countries,