Castleton Commodities International LLC (CCI) has completed its acquisition of Morgan Stanley’s Global Oil Merchanting business.
Morgan Stanley’s Global Oil Merchanting business is a global platform that is active in the light ends, distillates, crude, and wet freight markets. Over the past five years, the unit has traded approximately two million barrels of oil and oil products per day.
CCI is a global commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets. The company markets a range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power, coal, metals and financial instruments related to commodities.