Companies such as Vitol and Trafigura in spotlight over profits after Ukraine invasion Profits from global commodities trading for companies including Vitol and Trafigura have nearly doubled to more than $50bn (£30bn) in recent years, driven by volatile oil prices, fresh analysis has shown. Global commodities trading profits ballooned to about $52bn of profits in 2021, up from $27bn in 2018, and are expected to continue to grow, according to a report by consultancy McKinsey & Company.
Oil price boom has led to doubling of global commodities market, report finds
The Guardian - 30 Jan 2023 14:26
Companies such as Vitol and Trafigura in spotlight over profits after Ukraine invasion Profits from global commodities trading for companies including Vitol and Trafigura have nearly doubled to more than $50bn (£30bn) in recent years, driven by volatile oil prices, fresh analysis has shown. Global commodities trading profits ballooned to about $52bn of profits in 2021, up from $27bn in 2018, and are expected to continue to grow, according to a report by consultancy McKinsey & Company.
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