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MOVES-Aramco Trading names former Motiva manager as senior crude trader

Reuters
·1 min read

HOUSTON, April 30 (Reuters) - Andrew Morales, a strategy and business manager at Motiva Enterprises, has joined Aramco Trading Americas as a senior crude trader, according to an internal memo seen by Reuters.

Morales previously worked at Navitas Midstream Partners, Devon Energy and Enterprise Products, according to his LinkedIn profile and the memo.

He will report to Dan House, who took over as head of crude trading at Aramco Trading Americas in January. The unit was launched 15 months ago after Aramco acquired Motiva Trading.

Some traders at the U.S. unit briefly walked off the job in late March to protest lower-than-expected bonuses and the deferral of some bonus payments, people familiar with the matter have said.

An Aramco crude oil trader, David Herel, left the company last week. (Reporting by Arathy Somasekhar in Houston)