December 21, 2021
A federal judge on Monday kept alive the Federal Energy Regulatory Commission's pursuit of approximately $3.55 million in market manipulation penalties against Vitol Inc. and one of its traders, rejecting arguments that FERC's case was time-barred and meritless.
March 09, 2020
Vitol Inc. on Friday said the Federal Energy Regulatory Commission waited too long to pursue approximately $3.75 million in market manipulation penalties against the company and one of its traders, an argument that places the commodity trading giant at odds with a recent Fourth Circuit ruling it claims is "poorly reasoned."
January 07, 2020
The Federal Energy Regulatory Commission has sued Vitol Inc. and one of the energy trading giant's employees to collect on about $3.75 million worth of penalties the agency levied after finding Vitol's trading activity manipulated California electricity markets.