Wow! commodities trading group interested in CMRS15 Mar 2024 11:34
Group, Gunvor Group Ltd. and Trafigura Group Pte Ltd. The figures underline the importance of trading in the record profits delivered by the European oil majors last year.
More than half of the total, some $37 billion, came from TotalEnergies, Shell and BP, according to the research. That beat the $28 billion made by the trio of big Swiss trading houses.
“Volatility plays perfectly into the hands of these companies,” said Oswald Clint, an analyst at Bernstein.