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Vitol Made About $2 Billion in First Quarter Despite War Losses

Vitol Group has told banks it made a first-quarter profit of roughly $2 billion, as the world’s top energy trader moves to reassure lenders over losses in some parts of its business due to the Iran war.

This article was originally published by Bloomberg Markets and is republished here under license.

Vitol Group has told banks it made a first-quarter profit of roughly $2 billion, as the world’s top energy trader moves to reassure lenders over losses in some parts of its business due to the Iran war.

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