BP, Shell Help Lift Oil-Trading Profitability to 6-Year High

BP, Shell Help Lift Oil-Trading Profitability to 6-Year High

October 27, 2016
|
0 Comments
|

By hellenicshippingnews The trading arms of Royal Dutch Shell Plc and BP Plc enjoyed their best year ever in 2015, helping push the combined gross margins of oil merchants to a six-year high, according to a closely watched report. Oil traders last year “stormed ahead, thanks to low, volatile spot prices that created cash-and-carry opportunities,” consultancy Oliver … Read full story ›

Source:: Hellenic shipping news Oil