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Brazil's lower house on Thursday approved a bill that would allow ethanol producers to sell directly to the final reseller, typically gas stations. ....
Commodities trader Vitol will buy Britain's Vivo Energy in a deal valued at roughly $2.3 billion, the companies said on Thursday, as the Dutch firm looks to take full control of the distributor of Shell- and Engen-branded fuels in Africa. ....
Commodity trader Vitol is buying out minority shareholders in Vivo Energy , a London-listed group that sells fuel in Africa. The 139 pence per share offer, which values the firm at $2.3 billion, is a 25% premium to Vivo’s undisturbed price, but still below the 165 pence at which it listed in 2018. Vitol, which currently has a 36% stake, was one of the selling shareholders back then, with a 54.9% holding. ....
U.S. President Joe Biden is preparing to announce the release of oil from the nation’s Strategic Petroleum Reserve in concert with several other countries as soon as Tuesday, Bloomberg reported on Monday, citing multiple unnamed sources. ....
Truckers blockading a major refinery in the Brazilian state of Minas Gerais disbanded on Friday, allowing fuel supplies to normalize in the nation's second most populous state. ....