Top Oil Traders Amass $60 Billion Equity As Profits Soar To Record Levels

The world’s biggest independent oil traders have earned record-high profits in the past two years amid market volatility and a rebound in the demand for energy commodities.   The four largest traders—privately-held Vitol Group, Trafigura, Gunvor, and Mercuria—have also paid record dividends to their employee shareholders, and even after these record payouts, the trading houses are now sitting on nearly $60 billion in combined equity, according to estimates by Reuters. The top energy commodity traders are now looking…