Oil Traders Regain Their Swagger With World Desperate for Fuel [Business News Network (BNN) (Canada)]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Business News Network
just the maskless crowds and packed late-night cocktail parties reminding them of times past. After years in the shadow of fast-growing clean energy, hydrocarbon merchants returned to the city's brightly lit streets and rooftop bars with a renewed sense of purpose. Amid a global energy crisis and upended trade flows as a result of Russia's invasion of Ukraine, traders are playing a crucial role securing supplies in a world desperate for affordable fuel. As more than a hundred commodity executives joined the snaking queue outside Zouk, an iconic Singapore nightclub where brokerage firm Ginga Petroleum was hosting a cocktail party during the Asia Pacific Petroleum Conference, there was a sense that the industry some critics describe as “sunset” has found its feet again. Existential concerns over the future have been set aside for now. In their place were affirmations that fossil fuels are still very much a backbone of the modern economy even as the world slowly shifts toward carbo
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