Tag: oil traders

• Saturday, February 2nd 2019 - 08:58 UTC

  Oil traders anticipate they will comply with US Treasury sanctions on Venezuela

  

  U.S. sanctions will sharply limit oil transactions between Venezuela and other countries and are similar to but slightly less extensive than those imposed on Iran last year, experts said on Friday after looking at details posted by the Treasury Department.

• Monday, December 17th 2018 - 08:49 UTC

  Oil trader Trafigura ex officials face corruption charges in Brazil involving Petrobras

  

  Brazilian prosecutors on Friday charged two former executives of oil trader Trafigura over allegations of paying at least US$ 1.5 million in bribes to employees of Petrobras. Prosecutors said in a statement that the charges against Mariano Marcondes Ferraz, a former Trafigura top executive, and Marcio Pinto Magalhaes, a country representative, were the first of many to come against the world’s largest oil traders.