Analysis
Energy Transition and Swiss Oil Traders: Adaptation, Diversification and Risk
The energy transition poses an existential question for the world’s major oil trading houses: is the commodity in which they have built their expertise, …
LNG Trading in Switzerland: How Geneva and Zug Are Capturing the Gas Market
When Russia curtailed its gas supplies to Europe in the summer of 2022, the resulting scramble for liquefied natural gas transformed an already growing market …
Oil Market Outlook 2026: The View from Zug
The view from Zug at the start of 2026 is one of studied ambiguity. The oil market is balanced at a level that satisfies neither producers seeking higher prices …
Sanctions Compliance for Swiss Oil Traders: Russia, Iran and the Compliance Imperative
On 28 February 2022, four days after Russian forces crossed into Ukraine, the Swiss Federal Council announced that Switzerland would not immediately align with …
Switzerland as a Global Oil Trading Hub: Geneva, Zug and the Commodity Cluster
A country with no oil fields, no refinery of global consequence and no coastline handles an estimated 35 percent of global oil trade by volume. The paradox of …