Europe’s oil majors reap up to $4.75bn from trading on Iran war volatility
Trading desks at BP, Shell and TotalEnergies outshine US rivals
Trading desks at BP, Shell and TotalEnergies outshine US rivals

Vitol, Trafigura and rivals expand credit lines in anticipation of prolonged disruption to global oil and gas flows

Oil traders that normally thrive on volatility caught out by scale of crisis as energy shock unfurled

Oil major’s quarterly profit beats analysts’ expectations on back of ‘exceptional’ trading performance

Soaring fuel prices and access to cheap North American crude oil put American refiners in pole position

Firms that normally profit from volatility were caught out by sudden rise in energy prices, new report finds

US oil group says bulk of impact on first-quarter earnings is accounting issue that will be offset as contracts complete