Vitol to Trafigura Chasing U.S. NGLs as Traders Cash In: Energy
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Add another profession to the beneficiaries of the U.S. oil boom: traders of long-neglected drilling byproducts such as propane and butane.
Traders typically earning less than $400,000 a year will start making as much or more than the average $750,000 earned by traders in larger, more established oil markets, according to Webber Chase Ltd. There are only about 200 specialists globally, the recruiter estimates, while companies including Vitol SA, Trafigura Beheer BV, BP Plc, Glencore Xstrata Plc and Mercuria Energy Trading SA are expanding their operations to take advantage of surging U.S. supplies.