Small Swiss trader Lord Energy enters Russian oil market

While major traders expect consolidation in the crowded oil trading sphere, small Lugano-based firm Lord Energy is finding new niches and taking a bet by entering into Russian oil. Hazim Nada set up the Swiss trading firm, now called Lord Energy, a decade ago to deal with coal from Indonesia and South Africa and cement in the Mediterranean market.
This month it is loading its first cargo of Nigerian crude and is adding Russian oil to the list in June, after shifting to crude trading in 2015 dealing with oil from Algeria, Colombia, Brazil and Libya.