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Topic: trading-houses

A crude oil tanker berthed at a refinery jetty
New Companies
Thursday, 7/9, 07:37 AM

The 'Amazon of Oil': How Trading Houses Keep Crude Moving Around the World

  • When conflict flares in the Gulf, the oil price jumps but rarely spirals, and a big reason is a low-profile system run by a handful of private trading houses.
  • They move crude across the planet by tanker, pipeline and storage tank, profiting not from betting on price but from the logistics of getting the right barrel to the right place.
  • Here is how that machine works.

trading-houses — news and stories on this topic

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