The summer of 2019 could be a watershed moment in global commodity markets. The next couple of months, could see a major reshuffle of global commodity trade and financial markets as a structured Arab strategy is kicking in. International media has slowly started to report on the ongoing new ventures of oil and gas giants, such as Aramco and ADNOC, with international trading houses and IOCs making a move to capture a larger part of the global commodity market. The current assessments still tend to look at the attempts by Aramco, ADNOC, QP and Sonatrach, as mere minor disturbance and not a cause to worry. The current market power of giants such as Glencore, Trafigura, Vitol, Mercuria, Dreyfus or Gunvor, is still unmatched, but partly substituted by IOCs such as Shell, Exxon, Total, ENI or Gazprom. Now NOC is even in the top-20 league of these hydrocarbon commodity trading […]