Mining and trading group Glencore saw its traded oil volumes in 2021 at their lowest level since 2015, according to company data compiled by Reuters. For the first time since 2015, the crude oil and oil product volumes which Glencore traded fell below 4 million barrels per day (bpd), at 3.86 million bpd, partly due to lower volumes lifted from Russia and to a strategic move to trade cleaner fuels. To compare, in 2020, Glencore’s traded oil volumes were 4.2 million bpd. Glencore had a five-year deal to lift oil from Russian oil giant Rosneft,…
