Matthieu Favas
speaker
190 appearances
2 recordings
1 series
first heard Jul 2026
last heard 12 Aug
Matthieu Favas’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.
Appearances
They've got lots and lots of oil and gas fields, refineries, terminals, storage facilities, tanker fleets all around the world.
As the majors operate this big global network, there's a lot of information that surfaces about the amount of supply, the amount of demand there is in the world.
and therefore the direction of prices.
And so using that intelligence, they can harness volatility.
So that's how they do it.
And that's the reason why when I speak to sources, they say these operations, they basically never lose money.
They make bad bets sometimes, but on an annual basis, they find ways to correct that.
And so in worse years, they just make a bit less.
In good years, they make a lot of money.
This being a good year.
It's been a pretty good year, I think, for them.
Yeah, I think so.
That's what's really interesting because these teams, they are at the same time large and pretty lean.
So for each trading desk, for each product that they trade, so it would be like crude oil or it would be what we call light ends, which are petrol and jet fuel or LNG, liquefied natural gas.
For each of these products, you maybe have like 60 to 70 traders.
So if you add all the decks together for the whole trading operation, it's maybe like a few hundreds.
And then if you add shipping, financing, risk management, all the sort of support functions, then it would be...
You know, one or two thousand, which seems quite a lot.
But at the same time, these companies, they have like a hundred thousand maybe people.
So it's a really small percentage.
Showing 141–160 of 190 · page 8 of 10
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