Noble Group to resume global fuel oil trading

Commodities trading house Noble Group Ltd. resumed global physical fuel oil trading on April 1, after a hiatus of at least two years. The Hong Kong-based company has hired at least five traders worldwide and is looking for oil storage in Asia. Noble Group said it is likely to focus on selling fuel oil to China and Hong Kong, markets it used to serve about four years ago. The company trades in petrochemicals, biofuels, coal and agricultural products. (March 30, 2009)