Energy Trading
8 stories related to this topic, newest first.
Oil time-spreads sell-off extends, nearby backwardation at lowest since March 3
The decline in nearby oil time-spreads continued on May 28, 2026. The spread between the second and third month contracts reached its lowest level since March 3.
financialpost.comOil Traders Reduce Bullish Positions as Tankers Exit Strait of Hormuz
Hedge funds and other money managers cut their net long positions in petroleum futures and options by the equivalent of 44 million barrels during the week ending May 12. The reduction follows continued ceasefire talks between the United States and Iran and the passage of a small…
BloombergMercuria Sues Baltic Exchange Over Middle East Oil Shipping Benchmark
Energy trader Mercuria has sued the Baltic Exchange, alleging distortion of a key benchmark for Middle East oil shipping costs. The suit relates to impacts from the Hormuz incident. Details remain limited as the case unfolds.
Substrate placeholder — needs reviewGunvor CEO Warns of Extended Oil Price Volatility Amid Market Challenges
The head of Gunvor Group, a major physical oil trader, stated that oil prices could remain volatile for months due to seasonal demand shifts and Middle East tensions. Physical crude supplies are tight following disruptions, including the closure of the Strait of Hormuz. Buyers ar…
/Exxon_Mobil_oil_refinery_-_Baton_Rouge_Louisiana1-f288811f21754c8da02c51f68f83827b.jpg)
investopedia.comVitol Group Reports $2 Billion First-Quarter Profit Amid Iran War Losses
Vitol Group informed banks of a roughly $2 billion profit in the first quarter. The disclosure aimed to address concerns over losses in certain business areas due to the Iran war. As the world's top energy trader, Vitol provided this information to reassure lenders.
ibtimes.co.ukVitol Trading Team Incurs Several Hundred Million Dollar Loss in Oil Market Bets Early in Iran War
A team at Vitol, led by a trader, reported a loss of several hundred million dollars from oil market positions early in the Iran war. The loss resulted from bets that did not perform as expected, according to people familiar with the matter. This incident highlights risks in comm…
Substrate placeholder — needs reviewVitol Reorganizes Derivatives Team in London Following Mark-to-Market Losses
Vitol Group is reorganizing its derivatives trading team in London. The move comes weeks after the company reported significant mark-to-market losses at the start of the Iran war. Details were provided by sources familiar with the matter.
Substrate placeholder — needs reviewOil Market Sees Increased Competition for Cargoes Amid Iranian Ceasefire Focus
Investors have directed attention to the Iranian ceasefire this week, while activity in the oil market involves efforts to secure cargoes. The ceasefire follows recent regional tensions. This situation occurs against a backdrop of global oil supply dynamics.