Devika Krishna Kumar

(Bloomberg) -- Vitol Group is reorganizing its derivatives team in London, just weeks after the energy trading giant incurred significant mark-to-market

Vitol as a whole has made a profit for both March and the first quarter, said a person familiar with the matter.

Two US gasoline traders have departed from Vitol Group, the world’s largest independent commodity trading house.

The supply buffer is becoming uncomfortably thin as summer driving season begins.

For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe.

Why Oil's Not at $200 After the Biggest Supply Shock in History (Bloomberg) -- For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe.

Inventories at the US’s largest commercial crude oil storage hub fell to the lowest since 2014, as surging exports during the Iran war drain supplies in America.

Los inventarios en Cushing, Oklahoma, el mayor centro comercial de almacenamiento de crudo de Estados Unidos, cayeron a su nivel más bajo desde 2014, ya que el aumento de las exportaciones durante la guerra con Irán está agotando los suministros del país.

Customers desperate for oil are draining so much of it from giant storage tanks in Oklahoma that producers are having trouble keeping up.

President Donald Trump just threw out a demand of a 20% reimbursement on cargo shipped through the Strait of Hormuz, or roughly $30 million on full supertankers carrying oil.