Egypt Responsible for LNG Price Increase

• Monday, 26th October 2015
• by Egypt Oil & Gas

Asian liquefied natural gas (LNG) prices for December delivery rose this week as traders and energy companies moved to fill slots awarded to Egypt recently, reported Egypt Independent.

Vitol Thinks Libya Will Add to Oil Glut

• Wednesday, 21st October 2015
• by Egypt Oil & Gas

Vitol, the world's largest oil trader, has predicted that the price of crude will at the most waver around the $60 a barrel level next year, in part because of Libyan production,

Vitol and Helios Pay $276 Million for Nigerian Fuel Business

• Wednesday, 1st July 2015
• by Egypt Oil & Gas

Vitol Group and private-equity firm Helios Investment Partners agreed to buy a majority stake in Oando Plc’s service station, fuel storage and supply business in West Africa for $276 million.

Oman on Path to Absorbing Vitol’s Oi Trading Joint Venture

• Thursday, 4th June 2015
• by Egypt Oil & Gas

Oman will take full control of an oil-trading venture it owns with Vitol Group, the world’s largest independent energy trader, in the latest sign of the rise of state-owned commodities traders.

Oil Majors Shell and Total Cut Costs by Integrating Refinery Units

• Tuesday, 5th May 2015
• by Egypt Oil & Gas

Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into th ...