Top global energy traders like Vitol, Trafigura, Mercuria, and Gunvor face cash challenges with billions in reserves, despite record dividends, due to poor returns on green energy investments and rising gas prices.
Top global energy traders like Vitol, Trafigura, Mercuria, and Gunvor face a pressing cash quandary as they hold billions in cash reserves, even after paying record dividends. These privately-owned trading houses have struggled to expand due to poor returns on green energy investments and increasing gas prices in 2022. The cash conundrum may be a significant topic during their annual industry gathering in London.
February 26, 2024
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