20.08.2008 - 'Speculator' in oil market is key player in real sector
From WSJ: When U.S. futures regulators recently reclassified one of the largest traders in the oil market as a speculator, they didn't identify the firm. But people familiar with the matter now say the company whose activities helped change perceptions about the escalating pace of oil speculation is Vitol Group, a large commodity-trading company with headquarters in Europe. Though less well-known in the U.S., the company is one of the biggest players in the oil market, linking buyers and sellers of physical crude oil and refined products. It has interests in storage terminals and oil exploration around the world and sold a large refinery in Canada in 2006..... Full Article: Source
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