| INTRODUCTION |
The Mercuria Energy Group Ltd is an international group of companies active over a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas, power, coal, biodiesel, vegetable oils and carbon emissions. The Group is one of the world's five largest independent energy traders.
Mercuria Energy plays a dynamic, diversified and growing role in the global energy market. We provide our clients with customized solutions to their energy needs, using a creative flexible approach to pricing and logistics while maintaining strict risk management controls.
Our team draws on an in-depth understanding of the energy sector, gained through years of trading experience, and a broad, worldwide network of strategic connections. Mercuria Energy's offices in 20 countries are predominantly run and staffed locally. Our detailed knowledge of suppliers, shipping, storage, finance and markets allows us to respond quickly and precisely to opportunities, wherever they arise. In addition to its trading core, the Group has upstream and downstream assets ranging from oil in the ground in California, Canada and Argentina to oil and products terminals in Europe and China, and a biofuels plant in Germany.
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| HEADLINE |
| 2010-03-03 | Mercuria seeks oil tanks, coal mines in US drive |
NEW YORK, Reuters (March 1) - Swiss-based global energy trader Mercuria is expanding its Cushing oil storage footprint and may buy shuttered U.S. refiners or coal mines as it deepens its expansion into U.S. markets, a top executive said.
Mercuria, which has already doubled its U.S. staff in the past two years, last week opened a new office in Houston, where former Merrill Lynch trader Jeremy Taylor will lead a team of 20 people into the U.S. power, gas and coal markets, Marco Dunand, Mercuria Energy Trading's CEO, told Reuters.
That team will likely grow to 30 over time as the compan... |
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