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Reuters
Exclusive-Pilot Company cuts energy trading unit ahead of Buffett takeover
(Reuters) -U.S. fuel retailer Pilot Company is trimming its energy trading operation, according to three people familiar with the matter, days before billionaire investor Warren Buffett is expected to take majority control of the firm. Known best for its Pilot Flying J service stations and truck stops, Pilot expanded a fuel purchase and trading business in recent years by recruiting experienced diesel, gasoline and crude oil traders from Exxon Mobil, Phillips 66, Noble Group and others. About 15 employees were released on Monday, most tied to an expansion two years ago into crude oil trading, said two of the people.
