The oil-trading sector is in a state of overhaul as companies realise the need to re-tool operations in response to a market in the grip of structural change
With IMO 2020 drawing closer, some dry bulk and shipping firms are realising that the time has come to bring oil trading talent in-house.
Ice Brent crude recently rose above $80/bl for the first time since late 2014, increasing oil producing companies’ profitability
China launched a yuan-denominated crude futures contract in March, possibly setting the stage for change in how oil is traded east of Suez
Some of the big trading houses have been taking increasing stakes in physical assets – including some far downstream from their traditional spheres of activity
The first VLCC to be directly loaded with crude at a US port sailed last week, signalling a deep shift in trading patterns.
Trading conditions in the crude oil and refined product markets were challenging in 2017, resulting in a surge in senior-level recruitment which has continued into 2018.
Is your business ready for the new reality?
