Economics
Legendary Trading Firm Phibro Gets New Life After Purchase
- Sale includes any and all use of the storied Phibro name
- Occidental closed the trading concern at the end of 2014
This article is for subscribers only.
Phibro LLC, the commodities firm that helped invent the modern oil market, is getting a new lease on life.
The storied trading house, which was shuttered after 113 years in 2014 by then-owner Occidental Petroleum Corp., has restarted in Stamford, Connecticut, under the direction of ex-Morgan Stanley co-head of commodities Simon Greenshields. He now follows a long line of the firm’s famous traders, such as Marc Rich, Tom O’Malley and Andy Hall.