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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