Blood (and nationality) may be thicker than water, but oil trumps both of ’em, and the lasting narrative about the upcoming America’s Cup may end up being more about black gold than about sport, technology, or sailing – at least in Bloomberg’s world. Here’s an AC excerpt from the financial world.
The high seas have long been a battleground for the world’s biggest oil traders as they spend millions of dollars chartering crude tankers in the quest for an edge in the market.
This month, off the pink-sand beaches of Bermuda, top executives from oil-trading houses Vitol Group and Gunvor Group will bankroll a very different kind of seaborne combat: the 35th edition of the America’s Cup sailing race.
Read on.
