Major trading houses prepare for a prolonged conflict in the Middle East

Major trading houses such as Vitol, Trafigura, Mercuria, and Gunvor are preparing for a conflict that could last in the Middle East. These players have negotiated increases in their credit lines with banks in order to be able to cope with both high prices and strong price volatility. The war in the Middle East is expected to have a positive impact on the profitability of trading companies, whose revenues are, in a way, indexed to energy price volatility.