State oil giants raise trading game in battle for global flows

摘要

London-With Saudi Aramco preparing to open a new trading office in London, rival state-run producers are watching closely as the oil giant leads the charge by resource-rich national oil companies to compete for global trading volumes. Through its trading arm, Aramco, the world’s biggest oil exporter, has hired a number of traders this year to staff a London desk and is moving closer to launching operations in the coming months, market sources said.