BB Energy Reopens U.S. Distillates Desk, Expands Trading
Oil trader BB Energy plans to relaunch its U.S. middle distillates operations, hiring Nelson Rios to trade from the company's Houston office, a source familiar with the plans told Reuters.
Rios, previously with oil trader Noble Group (NOBGF), will join a Houston office that already features light ends trading but had no distillates desk, a source told Reuters
Rios will report to Frederic Lassau, who joined BB Energy as the global head of middle distillates trading in September from the trading arm of Royal Dutch Shell (RYDAF)
Lassau is heading a global team that includes middle distillates traders in Houston, London and Singapore
Dubai-based BB Energy, founded in 1937 in Lebanon, has expanded since its initial focus on trading heavy oil products in the Mediterranean.
Reporting By Libby George and Ahmad Ghaddar
