Trafigura says can boost oil volumes further to catch rival Vitol

Trafigura says can boost oil volumes further to catch rival Vitol
 

Commodities trading house Trafigura aims to expand its oil trading business further to rival that of top trader Vitol in the next few years and believes rising barriers to entry into the sector will squeeze out potential newcomers.
The firm's chief financial officer, Christophe Salmon, told the Reuters Commodities Summit that Trafigura, which over the past year overtook Glencore (GLEN.L) as the world's second largest oil trading house, was still very much in growth mode.
Trafigura has doubled the amount of oil it trades on a daily basis to 4 million barrels per day since 2012 and Salmon... read more

 
10 October 2016 in Business, Views: 48
Source: Reuters
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