2008-08-08reuters.com

High fuel prices, tightening credit conditions and unprecedented market imbalances threaten to stymie investment banks looking to fatten their oil trading profits by expanding into physical markets.

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... it highlights the uphill struggle that peers such as JP Morgan, Merrill Lynch or Barclays Capital face in cracking the market for physical oil, which requires a commitment to capital-intensive storage facilities, long tanker voyages and a large, specialized back office.


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