TV News LIES

Thursday, Jul 27th

Last update05:20:13 AM GMT

You are here News Energy The dark secrets of the trillion-dollar oil trade

The dark secrets of the trillion-dollar oil trade

E-mail Print PDF

The phenomenon of "floating storage", which has been brought about by a huge over-supply of global tanker capacity and unusual market conditions, is just one example of the multitude of ways in which a small group of private, mostly Swiss-based companies have become adept at turning vast profits from the closed and often murky world of independent oil trading.

The resulting profit can be anything between 15 and 20 per cent – tens of millions of dollars – even after the cost of hiring a tanker is deducted.

More...


Most Recent Related Stories...


Treasury fines ExxonMobil $2 million for violating Russia sanctions while Tillerson was CEO

Treasury fines Exxon Mobil for violating Russia sanctionsThe Treasury Department said Thursday it is fining Exxon Mobil Corp. $2 million for violating sanctions...

Panda Power: China just built a solar farm shaped like a giant panda

Panda Power in ChinaLast week, Panda Green Energy Group Limited flipped the switch on the world’s most adorable solar...

Feds Suspect Russians Behind Cyber-Attacks on Power Plants

Wolf Creek Nuclear PlantRussia is suspected to be behind recent hacker intrusions at American power plants, including at least...

Energy giants seek role in Qatar's gas expansion

Energy giants wamt share of Qatar gasThree of the West's biggest energy corporations are lobbying Qatar to take part in a huge...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!