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Peer Strategy

Big Commodity Traders Move Into Asset Management

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  • The big global commodity trading firms have used some of their recent profits windfall to beef up their asset portfolios.

  • Over the past year, both Vitol and Trafigura have teamed up with infrastructure investors to buy oil refineries in Europe, while Glencore is now a part owner of the Bukom complex in Singapore.

  • The independent traders want the refineries to support their oil and gas trading businesses, which continue to generate most of their revenues and profits.

The Issue

Topics:
Independent Refiners, Oil Trade, Corporate Strategy, Coal, Refining, M&A
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