Energy Markets

2 articles

Juxtaposition of a declining oil rig and a thriving, high-tech trading floor, symbolizing the hidden profits of oil company trading arms.

Finance & Markets

Big oil trading arms see extraordinary profits amid core business decline

In the first quarter alone, the trading units of TotalEnergies, Shell, and BP collectively earned an estimated $3.

Ethan Caldwell·June 29, 2026

European Union flag looking strained against a backdrop of oil tankers and pipelines, symbolizing the challenge of circumventing Russian oil import bans.

Mid-Market Dynamics

EU confronts persistent Russian oil import circumvention

So far this year, the European Union has imported nearly €1 billion worth of fuel refined from Russian crude via third countries, despite its own ban.

Rafael Montoya·June 27, 2026