Court orders USD 1.9 billion in compensation for oil catastrophe

The Spanish state will be compensated USD 1.9 billion for the worst oil catastrophe ever in Europe, caused when tanker vessel Prestige sank in 2002. London P&I Club will pay the figure, said the court.

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Trafigura CEO: Continued oversupply on the oil market

2017 has been a year characterized by continued oversupply on the market for oil and oil products, says Trafigura's CEO in relation to the commodity trader's annual report. But the situation already looks brighter starting next year.

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