Elizabeth Adams News
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Hindustan Petroleum Corp., India’s third-largest state refiner, bought 2 million barrels of Nigerian crude from Vitol Group for loading from June 1 to June 30, according to three people with knowledge of the matter.
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The aging fisherman in Ernest Hemingway’s novel “The Old Man and the Sea” swilled shark liver oil to ward off colds and flu. Now Novartis AG is betting it can help protect against AIDS.
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Vitol Group’s Asian unit approached banks seeking to refinance debt due in June, according to three people familiar with the matter.
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Vitol SA, the world’s largest independent oil trader, hired banks to arrange a $4 billion loan to refinance debt, two people familiar with the situation said.
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Vitol Group will ship as much as 2 million barrels of fuel oil to Singapore from Rotterdam, the first reported supertanker charter in three weeks between the two oil-storage hubs, shipping data showed.
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Mayor of London Boris Johnson said he will decide whether the redevelopment of Saatchi & Saatchi’s London office building will proceed after the borough of Camden refused planning permission.
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BP Plc ’s crippled Macondo oil well spewed 4.1 million barrels of crude into the Gulf of Mexico during the 87 days before it was capped, a team of scientists said, making it the world’s largest accidental offshore spill.
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