Paper-Thin Profit Margins In Oil Push Traders To LNG

Posted by Haley Zaremba

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With thin profit margins growing even thinner in the crude oil sector, commodity trading houses have been looking for the next big movement in the energy industry to sink their teeth into, and they’ve found that new horizon in the liquefied natural gas sector. Some of the biggest commodity trading houses around the globe have recently gotten involved in boosting liquefied natural gas and remodeling the energy industry as a whole to fit this new focus.

Among these commodity trading giants are the companies Gunvor Group Ltd., Trafigura Group Pte. Ltd. and Vitol SA, which have all gone from simply trading liquefied natural gas to investing…Click here for full article.