Topic
Oil Trading
6 stories related to this topic, newest first.
Substrate placeholder — needs reviewpolitics21 days ago
CFTC Reviews Oil Trade Records Ahead of March Trump Social Media Post
The Commodity Futures Trading Commission is examining oil trade records from before a March social media post by President Trump. The review focuses on trading activity that occurred prior to the post.
swissinfo.chfinance27 days ago
Vitol Markets Iraqi Basrah Crude Amid Persian Gulf Tensions
Commodity trading giant Vitol is offering Iraqi Basrah crude to customers, people with knowledge of the matter said. The move signals that some shipments may have successfully made it out of the Persian Gulf. @JavierBlas reported the development.
JA
Cnbcfinance43 days agoUpdated
BP Reports Quarterly Earnings More Than Doubled Due to Oil Market Volatility
BP announced that its quarterly earnings more than doubled, driven by its oil traders benefiting from market volatility. The volatility was linked to the war with Iran. The report highlights the impact of global events on energy sector performance.
SQ
middleeasteye.networld43 days ago
Hengli Group Restructures Ownership of Singapore Oil Trading Unit Following US Sanctions on Refining Arm
China’s Hengli Group has altered the ownership structure of its Singapore-based oil trading arm following U.S. sanctions on its refining unit. The changes were made in response to the sanctions, according to people with knowledge of the matter. This development highlights ongoing…
ibtimes.co.ukfinance57 days ago
BP Reports Strong Q1 Oil Trading; US Blocks Strait of Hormuz
BP reported exceptional performance from its oil trading desk in the first quarter, following a weak fourth quarter. The company expects net debt of $25-27 billion, up from $22.2 billion. Results are due on April 28, as U.S. imposes blockade on Strait of Hormuz.
JA
Substrate placeholder — needs reviewfinance61 days ago
CIBC Energy Trader Discusses Iran Ceasefire Impact on Energy Markets
Rebecca Babin, senior energy trader at CIBC Private Wealth, appeared on CNBC's Squawk Box to address the recent Iran war ceasefire. She examined potential effects on energy markets. The discussion focused on opportunities within the sector amid geopolitical developments.