A small handful of giant commodity traders have dominated global oil trade for decades, but things are beginning to change. Smaller trading desks are beginning to make major moves, especially with Russian oil.
together handled about 1.4 million barrels a day of Russian crude oil. That’s more oil than what the commodity giants typically handled before the war in Ukraine, and enough to meet the entire needs of countries such as the UK and Italy.
Even more perplexing is the fact that Nord Axis, QR Trading DMCC and Bellatrix Energy Ltd were unknown entities before the west abandoned the Russian energy markets. Bloomberg has established that Bellatrix received loan facilities from Russian banks including Rosneft-owned though calls or emails to these traders, their banks and Russian oil producers have gone unanswered.
Last year, against all odds, Russia managed to grow its oil output despite being hit with tough sanctions, a plethora of oilfield service companies exiting the country as well as the refusal by western countries to buy its crude for the most part. Russia managed to pull off this feat mainly by offering huge discounts to buyers like China and India, with
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The little-known symptom of deadly lung cancer you might spot at the nail salonTHERE are some obvious symptoms associated with lung cancer, such as chest pain and a persistent cough. And these are obvious indicators of the deadliest cancer in the UK in the later stages. But y…
Consulte Mais informação »
The little-known symptom of dementia you might spot while driving your carAROUND 900,000 Brits are currently living with dementia. And with an ageing population that number will continue to rise as getting older is the biggest risk factor when it comes to diagnosis. Deme…
Consulte Mais informação »
Warning for 1.8million with bank account hit by little-known tax for first timeNEARLY 2million people have been hit by a little-known tax for the first time. Anyone with a bank account where they earn interest on their savings could be hit with a surprise bill. That’s b…
Consulte Mais informação »
Traders say Shawlands BID scheme has failed to bring in extra businessIndependent traders in Shawlands have told of their frustration at a scheme designed to boost business, which they say has not delivered.
Consulte Mais informação »
Traders Turning Bullish On Saudi Supply Cuts | OilPrice.comHedge funds and other money managers are back to piling bullish bets on oil, expecting Saudi Arabia’s production cuts this summer to have put a higher floor under prices.
Consulte Mais informação »
Is your vehicle on Massachusetts' ‘known problem plate' list?Denis Pilipchuk has been an E-ZPass customer in Massachusetts for the past 20 years and admitted he had his account on cruise control, never looking in the rearview at the toll charges on his monthly statements. However, that recently changed when the Woburn driver got a notice of insufficient funds. A closer look at his account revealed mysterious toll charges…
Consulte Mais informação »