Reported 3 days ago
The largest commodity traders are still reaping substantial profits, albeit lower than the peaks experienced during the market surge following Russia's invasion of Ukraine. As volatility and high prices have subsided from their 2022 extremes, firms like Vitol, Trafigura, and Mercuria report profits significantly above pre-pandemic levels, with expectations for 2024 still yielding impressive earnings. While the market has become less volatile, ongoing disruptions and strategic investments continue to bolster the industry's resilience.
Source: YAHOO