The energy crisis also produces winners. These include large commodity traders who are often based in Switzerland. However, the downside of profits is high risk. Securing the supply of raw materials promises new business.
Trafigura sold its stake in the Vostok oil project owned by the Russian state-owned Rosneft.
Commodity traders are a discreet species. However, last year Trafigura shed his reluctance. The company is one of the world’s largest trading houses. It is based in Singapore but managed from Geneva.