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Petrobras

Prosecutors: Glencore, Trafigura, Vitol bribed Petrobras employees for business

Trading giants Vitol, Trafigura and Glencore have been accused by Brazil prosecutors to have paid over $30 million in bribes to employees at state-owned oil company...

Petrobras nears $1.3bn sales of African venture stake

Petrobras to offload Nigerian unit to Vitol-led consortium

Petroleo Brasileiro SA, will sell its 50 percent stake in a Nigerian oil and gas exploration venture, to a consortium led by top oil trader, Vitol, for $1.53 billion....

Petrobras

Vitol, Glencore, Shell compete for Petrobras’ Nigerian assets

The world’s three largest oil traders are competing to buy the African arm of Brazil’s Petrobras that owns stakes in two major Nigerian offshore oil blocks, sources...

Nigeria's thirst for gasoline draws rare Suezmax cargo to West Africa

Nigeria’s thirst for gasoline draws rare Suezmax cargo to West Africa

Nigeria’s push to keep its citizens stocked with fuel is drawing close to a million tonnes a month of gasoline from Europe – including now on a rare Suezmax...

Nigeria owing IOCs $5.1bn

NNPC targets up to $5 billion oil prepayment- Sources

The Nigerian National Petroleum Corporation (NNPC) is looking to set up a $3.5-$5 billion cash-for-crude prepayment with some of the world’s top commodity traders to...

Commission okays Norway's $1tr wealth fund oil stocks investments

West Africa Crude: IOC takes more oil but spot trade slow

Spot trading was limited on Friday as the market awaited new loading programmes in the coming week. More cargoes were set to sail for Indian refiner IOC, including at...

U.S. crude oil shipments to China halts amid trade war

OPEC’s war on oil overhang starts to bear fruit

OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in onshore and floating storage decline. The price of oil...