The Oil Traders in the Shadows

THE MAGNA BUREAU

INVESTIGATION

The Oil Traders in the Shadows

343 BILLION

Vitol, Trafigura, Mercuria, Gunvor — bigger than oil states.

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8 MILLION BARRELS

A day. A tenth of the world's oil moves through private partnerships.

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THE HARVEST

Forty-five billion dollars of profit in five years.

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THE LEDGER

A bribery ledger in the hundreds of millions — and counting.

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THE TRICK

Booked in Geneva, earned everywhere, taxed nowhere.

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THE SHADOW

They don't drill. They don't refine. They just move — and take.

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THE POWER

Four names you've never heard. A tenth of the oil you'll ever burn.

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NO SINGLE CAPITAL OWNS THE WHOLE TRUTH

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