2019 may have been fraught with volatile oil prices , but the world’s largest oil traders made a killing last year, Bloomberg reported on Monday. “By all accounts, 2019 was among the best years ever for the energy trading industry,” Marco Dunand, chief executive of energy trader Mercuria Energy Group LTD, said. Mercuria is one of the world’s largest oil traders. Other traders including Vitol and Trafigura reaped the benefits of a turbulent 2019 as well—but Shell and BP, which have in-house trading units, deal in even more crude oil, trading 13 million and 10.9 million barrels of crude oil per day. BP and Shell raked in billions last year on their oil trading arms, with Shell reportedly making $1 billion off fuel-oil trading due to the IMO2020 changes. Gunvor, who trades 2.5 million barrels a day, said that 2019 was “up there among the best years ever.” Trafigura, […]