Trafigura and leading banks warn that a wave of new oil supply and weakening demand could trigger a significant global crude ...

New and lesser-known trading companies, primarily incorporated outside of Europe, have significantly handled Russian oil trades since the Western pullout. Nord Axis Ltd and Coral Energy, both ...

Torbjörn Törnqvist is selling his stake in Gunvor after renewed scrutiny of the firm’s Russia ties.

As the world grapples with the pressing issue of climate change and endeavors to curtail greenhouse gas emissions, carbon credits have emerged as a critical tool in this endeavor. Concurrently, the ...

Torbjörn Törnqvist, co-founder of Gunvor Group Ltd. and one of oil trading’s most senior executives, famously said about his industry: “There’s a lot of skeletons, and many of them, most of them, will ...

[Stay on top of transportation news: Get TTNews in your inbox.] The world’s top commodity merchants are grappling with a tougher environment for trading oil as seismic market events of the past few ...

In the end nothing seems to have impressed the oil market bulls as crude trading in 2023 reached its conclusion in London on Friday (December 29, 2023) with oil benchmarks down by 11% on an annualized ...

Berkshire Hathaway's (NYSE:BRK.A) (NYSE:BRK.B) Pilot Co is shuttering its international oil trading business, with the aim of refocusing on its Pilot Flying J service stations and truck stops in the U ...

Over the past three years, giant trading houses and trading desks of Big Oil companies have taken advantage of the extreme volatility in oil and energy prices to make a killing in the markets.

Trafigura and other oil traders stored oil onshore and aboard supertankers while they waited for prices to climb back up. Trafigura, one of a clutch of privately held oil trading firms, reminded the ...

In August 1990, Iraqi leader Saddam Hussein invaded is far-smaller neighbor, Kuwait — seizing the nation’s valuable oil fields and setting off a global scramble to rein in his imperialistic ambitions.

Profits at Shell Plc’s oil-trading unit fell by more than half last year to $1.2 billion, after bumper earnings in 2020. The drop in trading profits seems large, especially in a year that saw the cost ...