Fredriksen's oil trader Arcadia is said to scale back business
![](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article4644181.ece/ALTERNATES/schema-16_9/Fredriksen.jpg)
Arcadia Petroleum Ltd., the commodities house owned by shipping billionaire John Fredriksen, is dramatically scaling back in oil trading and cutting jobs, according to people familiar with the matter.
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