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

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,” […]

Published October 27, 2016

By LizOutLoud

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

      

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