Refiner Eneos to Expand Oil-Trading Portfolio Outside Japan

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.

The company intends to trade more oil derivatives, arbitrages and time spreads, as well as other paper market instruments, according to people familiar with the matter. They asked not to be named as they aren’t authorized to speak to the media.