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Keyword: oiltrading

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  • Traders Are Making A Killing In The Oil Price War

    03/11/2020 2:03:46 PM PDT · by bananaman22 · 11 replies
    Oilprice.com ^ | 03-11-2020 | Tom
    Oil prices crashed after Russia and Saudi Arabia announced that they will abandon OPEC production quotas and open the taps, and while drillers and oilfield service companies are feeling the pain, the world’s largest oil traders are eyeing huge profits. After all, volatility is a trader’s best friend.
  • Volcker Report Will Be Very Critical of U.N. Oil-for-Food Operation

    02/02/2005 5:28:53 PM PST · by ijcr · 25 replies · 1,249+ views
    Associated Press ^ | Feb 2, 2005 | Edith M. Lederer
    UNITED NATIONS (AP) - An eagerly awaited first report by former U.S. Federal Reserve chairman Paul Volcker into alleged corruption in the U.N. oil-for-food program in Iraq will be sharply critical of U.N. management in key areas and will target Benon Sevan, who ran the program, a source close to the investigation told The Associated Press on Wednesday. The Volcker report, to be released Thursday afternoon, will focus on the administration, financial transactions, and internal auditing of the $60 billion program, all of which were "tainted badly," said the person with knowledge of the report. The interim report will not...