In August 2008, it was revealed that oil speculators had increased the volatility of the price of oil; Congressman John Dingell criticized the Commodity Futures Trading Commission for failing to scrutinize oil futures traders, in particular the Swiss company Vitol.
Vitol |
In the international market, the major customers are Emirates National Oil Co. (ENOC), Glencore, Bakri Trading, Vitol, Mitsui and ITOCHU.
In October 2010, Vitol made a deal to add Charlesbank Capital Partners as a second general partner; this led to public charges, by an investment fund associated with billionaire Michael Dell, that the transaction was improper self-dealing intended to take money from Blueknight's existing limited partners.