Mercuria and Vitol are neck and neck in the thrilling race to acquire RaĂzen’s Argentina refinery, Bloomberg reports. This high-stakes sale highlights a wave of investor excitement sweeping through Latin America’s energy sector as market dynamics rapidly shift
Vitol is ramping up its oil purchases from Venezuela as the clock ticks down on a crucial U.S. license that allows these transactions. This bold move highlights the trading giant’s strategic maneuvering to lock in supplies while navigating the increasingly stringent sanctions on Venezuelan crude.
