Vitol-Backed Varo Seals Deal to Acquire Preem in a Strategic Move for Renewable Fuels

Vitol-Backed Varo Seals Deal to Acquire Preem in a Strategic Move for Renewable Fuels
7 days ago

In a bold step towards enhancing its presence in the renewable energy sector, Varo Energy, which is backed by the Swiss commodity trader Vitol, has officially announced its agreement to purchase Preem, one of Sweden's largest fuel companies. This strategic acquisition marks a significant shift as it positions Varo to expand its operational capacity in renewable fuels, highlighting the growing importance of sustainable energy solutions in the global market.

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The Race for Dominance: AI Transforms Oil Trading Landscape

The Race for Dominance: AI Transforms Oil Trading Landscape
26 days ago

In an age where technology is reshaping industries, the oil trading sector is entering a new frontier powered by artificial intelligence (AI). The CEO of Vitol, one of the largest independent oil trading firms globally, has emphasized the pivotal role AI will play in driving competitiveness within this market. As firms vie for an edge in trading, a modern-day arms race for AI technology has begun.

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