TFS continues expansion with Arc Oil purchase

Connecticut-based broker TFS is in fierce expansion mode: yesterday it announced its purchase of oil broker Arc Oil, an oil broker headquartered in Houston. This follows TFS’s recent opening of a Houston office and re-entering US coal and emissions broking.

Arc specialises in physical domestic crude oil and refined product swaps, particularly heating oil and gasoline calendar swaps and crack spreads. Most of the Arc staff will join TFS’s new Houston office. Arc’s chief executive, Gregory Ozzimo, will join TFS Energy as product development manager concentrating on oil.

TFS says the acquisition complements its existing US presence in fuel and crude oil derivatives, which is brokered out of Stamford, Connecticut.

The Arc takeover follows TFS’s

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here