Vitol Says It's `Business as Normal' as Trader Buys Iranian Oil
Tehran could add up to 700,000 barrels a day by late 2016/ Vitol CEO offers first confirmation Iran is back in the market/ The world’s largest independent oil trader said it’s "business as normal" with Iran as Vitol Group BV confirmed it has already bought oil from the country after the end of economic sanctions. “We’ve bought some, yes we have,” Vitol Chief Executive Officer Ian Taylor told Bloomberg in a television interview. “We’ve bought a bit of everything really. Bit of products, bit of condensate. It’s very much business as normal.” ...
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