Large Oil Trader Trafigura Books Strongest Trading Year Ever ...Middle East

One of the world’s biggest commodity traders, privately held Trafigura, delivered record core earnings in what became its strongest trading year ever due to the extreme oil market swings earlier this year. In its annual report for 2020, covering the financial year ended on September 30, Trafigura booked exceptionally strong financial results, mostly thanks to its core oil and petroleum trading business. The commodity trader’s net profit was the highest since 2013, while the gross profit and earnings before interest, tax, depreciation,…

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