Trafigura, one of a clutch of privately held oil trading firms, reminded the world last week how good it is to be an oil trader when oil markets are imploding.
Thanks to its ability to buy oil at low prices, store it, and then sell it later once prices have returned to more normal levels, Singapore-based Trafigura posted its best result in its 27-year history, emerging from this year’s oil market carnage as one of its clearest winners.
President Energy plc (LON:PPC) is an independent oil and gas company focusing primarily on high margin production opportunities in Latin America.