Upstart Traders of Russian Oil Had Representatives in Common
Two companies that emerged as key dealers of Russian oil following the invasion of Ukraine have had representatives in common.
Source: Bloomberg
Two of the companies that emerged as key dealers of Russian oil following the invasion of Ukraine have had representatives in common, according to documents reviewed by Bloomberg News, offering a fresh glimpse into the little-known and opaque businesses.
As the fallout from the war upended global energy markets, one of the biggest mysteries across the industry has surrounded the pack of upstart traders that stepped in to handle Russian oil as western commodity houses pulled back. Despite the huge volumes these companies have traded, there is hardly any publicly available information about them or their backers.