Norwegian fund discontinues energy trading venture

Norway's Vistin group has decided to cease all trading with energy derivatives after a bet on marine fuel prices ahead of the 2020 sulfur regulations failed. Until last week, the venture was headed by a well-known oil analyst.
Torbjørn Kjus, former oil analyst at DNB Markets, headed the fund. He chose to step down last week. | Photo: DNB
Torbjørn Kjus, former oil analyst at DNB Markets, headed the fund. He chose to step down last week. | Photo: DNB

A Norwegian fund, which until recently was headed by well-known oil analyst Torbjørn Kjus, has now ceased trading with energy derivatives altogether.

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