A Norwegian fund, which until recently was headed by well-known oil analyst Torbjørn Kjus, has now ceased trading with energy derivatives altogether.
Last week, the fund Vistin Trading announced that it had lost a little over NOK 100 million (USD 11.5 million) speculating on bunker prices. The day before, Torbjørn Kjus resigned from his position as head of energy trading at the venture, which is part of the listed pharmaceutical group Vistin Pharma.
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