Warren Buffett Company Shuts Down International Oil Trading Operations ...Middle East

OILPRICE - Economy
Warren Buffett Company Shuts Down International Oil Trading Operations
source : OILPRICE ( Middle East ) () 89
A Warren Buffet company engaged in international oil trading is shutting down, Reuters has reported, noting that from now on, Pilot Co will focus on fuel retail. Citing several unnamed sources the report said Pilot Co had let almost all of its employees go and refocus on its original business in the United States. Warren Buffett’s Berkshire Hathaway acquired Pilot Co. back in 2017 and it ventured into the world of international oil trading after that. Initially, Berkshire Hathaway bought a 39% stake in Pilot Co. In the years that followed,…

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