Vitol plans to end cooperation when current contracts expire The world's biggest independent oil trader, Vitol, expects to stop trading Russian crude by the end of this year, Bloomberg reported on Tuesday. Vitol “intends to cease trading Russian origin crude oil and product, unless directed otherwise,” Bloomberg quotes an email from the company spokesman, which goes on to say that “volumes of oil will diminish significantly in the second quarter as current-term contractual obligations decline, and we anticipate this will be completed by end of 2022.” The Geneva-based company also says it will not enter into any ne
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