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Vitol

"Liquid Freedom": First Company to Export US Crude Oil Now Exporting Iran's Oil

Steve Horn | Posted 02.09.2016 | Green
Steve Horn

Cross-Posted from DeSmogBlogProponents of lifting the U.S. crude oil export ban trumpeted the rhetorical question that since U.S. geopolitical rival I...

Big Oil Argued for U.S. Crude Exports to Fend Off Iran, But First Exporter Vitol Group Also Exported Iran's Oil

Steve Horn | Posted 12.29.2015 | Green
Steve Horn

The American Petroleum Institute (API) successfully lobbied for an end to the 40-year ban on exporting U.S.-produced crude oil in part by making a geopolitical argument: Iran and Russia have the ability to export their oil, so why not unleash America?

JPMorgan Exits Physical Commodity Trading

Raymond J. Learsy | Posted 09.28.2013 | Business
Raymond J. Learsy

Quite dramatically, being the biggest bull in the China shop, JPMorgan Chase made the striking announcement this past week that it would quit trading in physical commodities.

The Charade of the Iranian Oil Embargo

Raymond J. Learsy | Posted 12.02.2012 | Business
Raymond J. Learsy

The U.S. should at long last recognize that in being the world's most important consumer of fossil fuels our market is as important to oil producers as they have been in supplying our needs.

Oil Trading: The CFTC Brings "Duh"! To a New Level

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Our valiant oversight heroes examined Swiss company VITOL's books last month and found that VITOL was more of a speculator holding oil contracts than a means of lining up the actual delivery of fuel.