"Global Energy Traders Grapple with Multi-Billion Cash Quandary"
The world's top global energy trading houses, including Vitol, Trafigura, Mercuria, and Gunvor, are facing a cash quandary as they collectively sit on billions of dollars, even after paying out record dividends. With limited investment opportunities, the trading houses are borrowing less from banks and retaining earnings as equity, leading to a growing cash conundrum. This issue is likely to be a topic of discussion at the upcoming International Energy Week in London, as the trading houses grapple with how to manage their substantial cash reserves.