We are always pleased to welcome the media to ETT, and we often feature in news and stories on oil terminalling.
Recently, a Swiss National TV crew from 'Eco Special' made a programme about the effects of low oil prices on energy trading and storage.
David Fransen from our shareholder Vitol was interviewed in Geneva. He explained how a low oil price can have advantages to Vitol as their cost of capital is significantly reduced.
The focus then moved to ETT, with Terminal Manager Clement Saaltink commenting that our storage business also remains resilient in times of volatile prices. ETT's performance is instead linked to the volume of product being shipped, as traders address structural supply/demand imbalances and opportunities.
The programme, which is in German, features Vitol and ETT from 22'22''.