Trafigura sees higher oil prices, heightened volatility
The number of rigs active in the US has fallen, down by 72 since the November 2022 peak.
Trafigura
Exxon plans trading division to compete for commodity profits
Exxon Mobil Corp. is creating a global trading division to compete more aggressively with the likes of BP and Shell in the high-risk, high-reward world of energy derivatives.
Trafigura employees see mega payouts on record performance
Commodity trader Trafigura will pay out $1.71 billion in dividends to its employee shareholders, the company said today, reporting record profits for the 2022 financial year.
Trafigura signs $3 billion German-backed loan for gas supply
Commodities trader Trafigura Group signed a $3 billion German government-backed loan for gas supply, as Berlin steps up efforts to secure natural resources following Russia’s invasion of Ukraine.
Afentra returns to market with sights on closing Angola deals
Up-and-coming independent Afentra has returned to trading as its plans to secure two parallel deals in Angola move ahead.
Trafigura warns high prices to continue on under-investment
Trafigura has warned of further challenges for the energy, and metal, markets, with higher prices for some time, although also reporting record profits.
Ukraine urges commodity traders to stop buying Russian oil
Ukraine asked some of the world’s top commodity trading houses to stop dealing in Russian oil, saying such contracts help fund Vladimir Putin’s war.
Trafigura seeks funding as commodity surge triggers margin calls
Trafigura Group, one of the world’s top oil and metals traders, has been holding talks with private equity groups to secure additional financing as soaring prices trigger giant margin calls across the commodities industry.
Shell pledges Russian oil profits to Ukraine needs
Shell will continue buying Russian energy, but will donate the profits to a fund for Ukraine.
Trafigura, Glencore review Rosneft holdings
Trafigura is “reviewing” its shareholding in Vostok Oil, while Glencore is also considering its stakes in En+ and Rosneft, in response to the war in Ukraine.
Trafigura steps in to back Sirius production plans
Trafigura has agreed to provide up to $200 million to Sirius Petroleum to fund its plans in Nigeria, at OML 65.
Following fundraising, Atome nears Iceland, Paraguay FID
Atome Energy is a step closer towards going ahead with its Iceland and Paraguay green hydrogen plans with the completion of its fundraising.
Buyers question ‘carbon-neutral LNG’ cargo credentials
Over the past year or so, liquefied natural gas (LNG) producers, as well as buyers in North Asia, particularly Japan, have been quick to announce their involvement with so called ‘carbon-neutral LNG’ cargoes. However, some LNG buyers at the Future Energy Asia conference questioned whether LNG can really be carbon neutral.
Ammonia: the missing link in the energy transition?
Plans for ammonia exports are taking shape around the world, as companies compete to secure the most attractive opportunities to fuel future zero carbon aspirations.
Big oil CEOs join traders in seeing possibility of $100 oil
The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply.
Trafigura, Braskem ship first carbon neutral naphtha cargo
Trafigura and Braskem have teamed up to deliver the world’s first cargo of carbon-offset naphtha.
Trafigura, Sonangol divide Puma Energy through swap plan
Trafigura and Sonangol are going their separate ways and dividing up Puma Energy, the downstream fuel supplier.
Trafigura opens carbon trading desk
Commodities trader Trafigura has formally opened a carbon trading desk, the Singapore-headquartered company reported, as it ventures into the expanding global offset market.
New Gunvor bribery ‘skeleton’ haunts oil tader’s pledge to reform
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
First oil shipment from Guyana to India sets sail
The first shipment from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from the South American nation in a ship chartered by trader Trafigura, data from Refinitiv Eikon showed on Tuesday.
Woodside and Trafigura team up for first carbon condensate offset cargo
Woodside Energy and its Pluto LNG joint venture partners Kansai Electric and Tokyo Gas have delivered their first cargo of carbon offset condensate to commodity trading company Trafigura.
Oil price extends Covid-comeback above $61 on tightening market
The price of oil extended a rally from the highest level in more than a year on signs the global market is tightening and demand is improving.
Trafigura buys into Bboxx amid LPG push
Trafigura has acquired a minority stake in Bboxx, which provides solar power systems in Africa and Asia, with an eye on LPG supplies.
Trafigura got $7bn Russian loan for Arctic Oil Deal
Trafigura Group’s purchase of a stake in Rosneft PJSC’s flagship Arctic oil project was funded by a $7 billion loan organized by a Russian bank, according to documents that shed new light on the trading house’s biggest-ever deal.
Oil’s female trading trio belies industry’s gender gap
As a trio of women is set to ascend to the top of one of the world’s most powerful oil-trading operations, the gender gap in the rest of the industry remains stark.