Aguilar had the answer: the trading unit of Oman’s state oil company, which Vitol had helped to set up. And so one day in December 2016, the presidential plane of Ecuador touched down in Dubai.

Some Exxon Mobil Corp. trading staff protested outside the oil giant’s Brussels office Tuesday over a decision by the company to move the trading floor to London, which they say will result in ...

The average oil price in Q2 was 10% below the average for the first quarter. Oil started April with a 20% plunge due to President Trump’s tariff announcement, before spiking by 30% during the ...

“The consideration is that 10 to 20% of Nigeria’s crude oil production be provisioned for trading on the floor of the Lagos Commodities and Futures Exchange,” Akeredolu-Ale told Bloomberg.

Rival trading house Trafigura's traded oil and fuel volumes hit 6.8 million bpd for its 2024 financial year, which runs from October to September, up from 6.3 million bpd in 2023.

BP said it anticipates higher oil production and trading revenue in the second quarter, helping to offset falling fuel prices ...

IN THE 1950s the oil market was in the gift of the “Seven Sisters”. These giant Western firms controlled 85% of global crude reserves, as well as the entire production process, from the well ...

To decode what industry upstarts need to succeed, BI spoke to a top exec at Morgan Stanley. Iliana Bouzali, a global derivatives head, shared her advice and experience on the trading floor.