Big Oil’s Trading Desks Have a Warning Message for Investors
Geopolitics-led volatility in the market isn’t good for business, Shell CEO says after drop in second-quarter profit.
Oil tankers at the Shell Plc Pernis refinery in Rotterdam.
Photographer: Peter Boer/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities markets powering the global economy. Today, reporter Mitchell Ferman assesses the new realities of doing business for Big Oil’s trading desks.
A recurring theme of second-quarter earnings is becoming clear: Big Oil’s crude traders don’t love geopolitics-led volatility.