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…

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…

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…

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…

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…

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…

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…

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