Traders Flock to Burgeoning Petrostate for Taste of Oil Riches
- Crude traders know little about Guyana ahead of market debut
- Guyana wants a buyer that will teach it how to market its oil
This article is for subscribers only.
Oil traders are packing their bags for a trip to the world’s newest petrostate -- a place they know remarkably little about.
At least half a dozen traders from Houston, Geneva and London are set to alight in tropical Guyana this weekend to bid on some of the first oil cargoes produced by the tiny South American nation. Ahead of the journey, the traders wondered aloud if they’re heading to an island (they’re not) and what language is spoken there (English).