Giant commodity trader Vitol urged the UK government to pump in extra liquidity at the height of last year's energy crisis, Bloomberg has reported. Vitol CEO Russell Hardy "raised the idea that government intervention could support liquidity in the market" by "effectively incentivising sellers to return to the market" to help stabilize prices, according to the minutes, obtained by Bloomberg News under the Freedom of Information Act.
Hardy has said It is incorrect to state or imply that Vitol 'lobbied' for government action because such…Vitol Urged UK Government To Boost Liquidity During Energy Crisis
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