Friday December 13, 2019

The invisible money makers who thrived in oil slump

Handful of executives made a killing amid plunging prices

11th April, 2016

Even in the closely knit energy industry they are virtually unknown. On the streets of Geneva, London and Houston they go unrecognised. Yet a handful of executives were oil-industry standouts in 2015. They thrived because of – not despite – plunging crude prices.

From Total to Trafigura, trading emerged as the industry’s cash cow.

Take Vitol Group, the world’s largest independent energy-trading operation. The 50-year-old company reported net profit of $1.6 billion last year...

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