Commodities Trading: The Secret Behind Big Oil’s Bumper Earnings ...Middle East

OILPRICE - Economy
Commodities Trading: The Secret Behind Big Oil’s Bumper Earnings
source : OILPRICE ( Middle East ) () 31
Dozens of giant commodity and energy traders saw their profits explode during the pandemic thanks to their ability to leverage their storage facilities, global network of terminals and shipping fleets to cash in on supply disruptions, soaring energy prices and rising demand.  Vitol Group, the world’s largest commodity trader, generated record net income of $4.2 billion last year, with rival Mercuria raking in $1.25bn. Vitol announced a major share buy back to the tune of US$3 billion as a way of rewarding the roughly 450 senior staff…

Read More Details
Finally We wish PressBee provided you with enough information of ( Commodities Trading: The Secret Behind Big Oil’s Bumper Earnings )

Apple Storegoogle play

Also on site :

Most viewed in Economy
New LearnPlatform by Instructure Report Shows K-12 Districts Are More Selective About Edtech Tools as They Face Budget Crisis
PR Newswire - before 8 hours & 14 minute
Australia's East Coast Faces Unexpected Gas Shortage
OILPRICE - before 11 hour & 21 minute
Hedge Funds Abandon Energy Stocks Amid Oil Price Slump
OILPRICE - before 7 hours & 26 minute
Africa: All of Africa Today - June 30, 2025
allafrica - before 11 hour & 6 minute
Equinor Makes Oil Discovery At Massive Arctic Field
OILPRICE - before 9 hours & 36 minute
U.S. stocks are at record highs, but the outlook for the world's largest economy is no clearer
CNBC - before 6 hours & 19 minute
UK autos spared under U.S. tariff cut but steel still in question
CNBC - before 11 hour & 22 minute
IAEA Chief: Iran Could Resume Uranium Enrichment “Within Months”
OILPRICE - before 5 hours & 14 minute
Smartee Unveils 'Live Update' to Slash Treatment Planning Time from Days to Seconds
PR Newswire - before 11 hour & 22 minute
Rise in number of mortgage approvals to home buyers in May, says Bank of England
INDEPENDENT - before 9 hours & 16 minute
It’s time to finance our future and ‘change course’, Guterres tells world leaders in Sevilla
UN News - before 9 hours & 8 minute
Calls to reform Lifetime ISAs over ‘nonsensical’ rules causing savers to lose their own money
INDEPENDENT - before 9 hours & 53 minute


Latest News

U.S. and Russia Vie for Influence in Energy-Rich Turkmenistan

before 14 minute

Amazon prices are rising faster than inflation as tariffs kick in

before 20 minute

Tesla’s core business is in reverse. Its stock is driving autonomously

before 22 minute

Trump intensifies attacks on Fed’s Powell on Monday

before 32 minute

Trump sent Fed Chair Jerome Powell a hand-written note attacking him again

before 39 minute

Tesla is racing to a robotaxi future. Waymo is already there

before 57 minute

North America LIMS Market to Reach $763.5 Million by 2032, Growing at a CAGR of 7.1% from 2025, Says Meticulous Research®

before hour & 6 minute

Australia's $6 Trillion Iron Ore Discovery Set to Transform Global Markets

before hour & 6 minute

Here Is Everyone Mark Zuckerberg Has Hired So Far for Meta's ‘Superintelligence’ Team

before hour & 8 minute

Bitcoin hovers around $110,000 – how high can it go in 2025?  

before hour & 12 minute

On Trump’s tax bill, GOP tries new accounting trick as national debt mounts

before hour & 40 minute

Nintendo yanks Switch 2 from Amazon in US pricing dispute

before hour & 47 minute

White House says it expects more countries will drop digital services taxes after Canada backs down

before hour & 54 minute

Canada scraps tax on tech giants in bid to revive US trade talks

before 2 hours & 7 minute

UK Government Pushes Green Finance as Banks Rethink Climate Goals

before 2 hours & 11 minute