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Home Icon > About Us > News > Oil Trading Profits Soar for Energy Majors Who Made Storage Bets

Oil Trading Profits Soar for Energy Majors Who Made Storage Bets

By Javier Blas and Lars Erik Taraldsen (Bloomberg) –In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast. Equinor […]

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