Vitol steams ahead with $7.5bn refi despite rough seas for commodities

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Vitol steams ahead with $7.5bn refi despite rough seas for commodities

Oil Tanker 230x150

Commodity prices remain depressed and the largest trading firm, Glencore, had its ratings outlook revised downwards amid a forecast profits slump, but Dutch-owned oil trader Vitol was this week warmly welcomed at a bank meeting to arrange a $7.5bn refinancing.

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