Vitol

Vitol

The Vitol Group, founded in 1966, along with Glencore and Gunvor in 1997, is one of the world's top 3 crude oil traders. The headquarters of Vitol are in Rotterdam, Netherlands and Geneva, Switzerland.

In August 2008, it was revealed that oil speculators had increased the volatility of the price of oil; Congressman John Dingell criticized the Commodity Futures Trading Commission for failing to scrutinize oil futures traders, in particular Vitol.David Cho, "Sway of oil speculators revealed", "Washington Post", August 21, 2008, syndicated at the "Albany Times Union", found at [http://timesunion.com/ASPStories/Story.asp?StoryID=713783&LinkFrom=RSS Albany Times Union website] . Accessed August 27, 2008.]

ee also

* Energy law

References

External links

* [http://www.vitol.com/ Official Site]


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