Nov 17, 2017

Top crude oil trader Mike Muller to leave Shell

One of the world's most powerful crude oil traders, Royal Dutch Shell veteran Mike Muller, is leaving the company after 29 years, according to an internal announcement seen by the Financial Times. Mr Muller helped build Shell into one of the world's biggest oil traders, handling up to 8m barrels a day or almost 10 per cent of global supplies. Under Mr Muller, Shell built a reputation as one of the biggest and most aggressive traders in key hubs such as the North Sea and the Middle East, handling both Shell's own barrels and those from third parties. Mr Muller spent the last 18 years in senior leadership roles within Shell's trading business - the biggest of any oil major - having worked in Australia, Singapore and London after joining the company after university. In 2016, Shell became the first oil major to take part in executing the Mexican government's annual oil hedge, the largest single trade in the industry, which had been solely handled by Wall Street banks.

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