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Oil traders made billions in 2019 as conflict shook the market

Several of the world's biggest commodity traders and fossil supermajors made record profits 2019 by playing clever hands in an unstable energy market year characterized by supply problems, Middle East conflicts, sanctions as well as maritime enterprises scurrying to prepare for the IMO2020 sulfur rules taking effect on Jan. 1.

Photo: Lucy Nicholson/Reuters/Ritzau Scanpix

The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages, dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market.

The bonanza extended beyond the independent traders like Vitol Group and Trafigura Group Ltd. to the in-house units of oil giants Royal Dutch Shell Plc, Total SA and BP Plc, which made billions of dollars in profits.

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