Post Tagged with: "oil trading"

Source: Reuters

Exxon retreated from oil trading in pandemic as rivals made fortunes

Reuters


NEW YORK/HOUSTON – Exxon Mobil’s effort to build an energy trading business to compete with those of European oil majors unraveled quickly last year as the firm slashed the unit’s funding amid broader spending cuts, 10 people familiar with …

Source: Reuters

Shell’s oil trading earnings double in 2020 to $2.6 billion

Reuters


LONDON – Royal Dutch Shell’s 2020 earnings from trading crude oil and refined products doubled from the previous year to $2.6 billion, helping to offset a sharp drop in fuel demand due to the coronavirus pandemic.

Shell’s oil trading …