Civitas Resources’ announcement of its fourth quarter earnings last week resulted in a bumpy ride for the company. After reporting lower-than-expected earnings, the company saw its stock fall to a ...

Vitol Group, the world's largest independent oil trader, has submitted an application to acquire PDV Holdings Inc., the parent company of Citgo Petroleum Corp., which is a key foreign asset Venezuela.

Vitol’s net profit of US$15.1bil (RM70bil) in 2022 was a 258% increase on the previous year, itself a record, and more than the largest oil trader had made in the previous six years combined.