Statoil braces for increased oil volatility

Changing market dynamics increase importance of trading, says Norwegian oil firm

oil-rig

Oil traders should prepare for increased volatility in oil prices and trade flows as the availability of energy from renewable sources, geopolitical uncertainties related to US energy policy and the shale revolution’s impact on fundamentals begin to be priced into the market, said Jens Økland, executive vice-president of marketing, midstream and processing at Statoil.

Økland said the Norwegian oil firm wants to “build resilience” to volatility by stepping up trading activities that take advanta