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JP Morgan and Chemoil form alliance

Investment bank JP Morgan and fuel supplier Chemoil Energy have formed a strategic alliance to cross-market physical and financial energy products to their respective clients.

The move is indicative of the investment bank’s commitment to further growth in the energy trading and marketing business, according to a JP Morgan statement.

“We are pleased to be able to bring full service physical oil capabilities to our vast client base and to be able to provide world class derivatives expertise to the clients of Chemoil,” says Blythe Masters, JPMorgan’s global head of

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