(Feb 3): Eneos Holdings Inc plans to expand its team to handle more oil-derivative trading at its overseas offices including Singapore, as Japan’s largest refiner looks to increase its presence at major trading hubs. Eneos will hire traders, as well as other executives in supporting roles, said headhunters with knowledge of those plans. Kenneth Quek, a former trader from Mercuria Energy Group, recently joined in Singapore to focus on crude and related derivatives. Bloomberg previously reported that Eneos was a frontrunner in the process, ahead of rivals including trading houses Glencore plc and Vitol Group. India’s state-owned refiner Bharat Petroleum Corp is also planning to set up a trading arm in Singapore this month.

Source: The Edge Markets February 03, 2026 09:45 UTC