The world’s biggest oil traders said they’re wary of trying to muscle back into Russian exports, a response that might disappoint the US Treasury officials working to ensure no disruption to global petroleum supplies.
Exxon Mobil Corp. is creating a global trading division to compete more aggressively with the likes of BP and Shell in the high-risk, high-reward world of energy derivatives.
Vitol Group, the world’s largest independent oil trading company, posted a record profit of $4.2 billion last year as it benefited from soaring energy prices.
Shell is shaking up its mighty in-house trading unit, with the retirement of Mark Quartermain as head of crude -- a job widely seen as the most powerful in the global oil-trading industry.
