BB Energy adapts to change
The trader is evolving its business model and seeing opportunities in the market’s challenges
Family-owned independent trading house BB Energy is one of the firms grappling with the changing oil trading environment and the squeeze on the middlemen as both traditional buyers and sellers grow in sophistication. But the company is not fazed by the tougher conditions, says its managing director in the Middle East, Khaled Bassatne. It is altering its business model for a changing market, and banking strongly on the strength of its relationships. The firm has expanded from its Lebanese roots to offices in London and Athens, then into Singapore, the US and the Middle East, which is now "core" to the business. It has as many as 14 offices globally, as well as satellite operations in smaller
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
