The Economist
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Why European oil companies are doing better than America's | The Economist
Posted
July 4, 2026
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8:18Now PlayingWhy are Europe's oil majors so much better at trading than their American competitors? Matthieu Favas,The Economist's Commodities correspondent, and Jason Palmer, host of The Intelligence podcast, discuss how trading evolved from a little-known side business into a crucial source of profit, why firms such as BP, Shell and TotalEnergies dominate the market and why American oil companies are trying to catch up.
Big oil’s secretive trading arms are having an extraordinary year
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#TheEconomist #OilMarkets #EnergyTrading
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