U.S. President Donald Trump has invited heads of commodity trading firms, Vitol and Trafigura, to the White House for talks on Friday regarding the marketing of Venezuelan oil,  Reuters has reported. Whereas the Trump administration has tapped U.S. oil majors to play a leading role in extracting and selling crude from Venezuela, the giant European firms are some of the largest oil traders in the world, and undoubtedly have the requisite expertise to market oil from Venezuela. Vitol delivered an average ...

Shell said it expects to report higher oil and gas production but warned of a weak oil trading performance. - yves herman/Reuters Shell warned that a weak oil-trading performance would weigh on its earnings, compounding what is shaping up to be a challenging period as prices continue to slide. The London-based energy company said Thursday that its fourth-quarter trading performance will be significantly lower than the previous quarter. That will help push the chemicals-and-products division into an adjus ...

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