Mercurial talents
With an estimated global turnover of $25 billion in 2007, up from $5 billion in 2004, Mercuria now counts itself among the top 10 crude oil and products traders globally, rivaling the likes of Sempra, Glencore, Trafigura, Vitol and trading desks at the oil majors. The 450-strong company trades crude, fuel oil, the middle distillates, naptha, gasoline and petrochemicals, and is active in more than 50 countries, with over 30 million barrels of storage capacity. During 2006 Mercuria sold 40.5
More on Oil & refined products
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Why Iran tensions failed to rattle markets
Despite initial fears, traders say risks were signposted and investors had deleveraged after April
Oil and products house of the year: Macquarie Group
Energy Risk Awards: Bank pioneers innovative deals in illiquid markets, taking on esoteric risk
Podcast: should negative oil prices be allowed?
Did negative oil prices signify the market was operating effectively, or that something was wrong?
Podcast: the future of retail investment in oil
Will negative prices and big losses curb retail investors’ appetite for oil futures over the longer term?
Podcast: Kaminski and Ronn on negative oil and options pricing
The market is gravitating to the Bachelier model as an alternative to Black 76
Negative oil prices put spotlight on investors
What part did Bank of China and other investors play in last month’s oil rout, asks derivatives veteran
How Onyx came from nowhere to conquer oil swaps
In just four years, market-maker has become the largest provider of liquidity in energy derivatives
