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
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.
Oil trader Trafigura denies Brazil prosecutor bribery claims
Trafigura Group Ltd. denied bribery allegations leveled by Brazilian prosecutors in a civil lawsuit claiming the commodities trader and its staff participated in a kickback scheme to win business with state oil producer Petroleo Brasileiro SA.
Traders talk peak demand and an upstream shift
Demand in Europe and the US may have peaked already, the heads of three trading companies have said, but growth will be sustained by Asia.
Trafigura in ambitious plan for renewables portfolio
Oil and metals trader Trafigura has launched a new company to invest in solar, wind and power storage projects globally.
Trafigura pitches carrot-and-stick to tackle shipping emissions
Trafigura has called for a new levy on marine fuels in order to reduce carbon emissions in the shipping sector.
BP lifts veil of secrecy on Big Oil trading profits
BP Plc offered a glimpse of the profitability of its huge and secretive trading arm, suggesting it makes annual returns of as much as $2.5 billion.
IEA says oil market more fragile as resurgent virus hurts demand
The outlook for global oil markets has grown “even more fragile” as a resurgent pandemic derails the recovery in demand, the International Energy Agency said.
Trafigura takes Somaliland position
Trafigura has delivered a first shipment of low sulphur gasoil to Berbera, in Somaliland.
ADM’s Okhomina eyes big plans
These are difficult times for the oil industry but ADM Energy is working on expansion at its Aje field, offshore Nigeria. At the same time, the company is also on the hunt for new opportunities, backed by an agreement with Trafigura.
The next chapter of the oil crisis: Industry shuts down
Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down.
Essar Mauritius fires off suit at ShoreCan
Essar Exploration & Production (Mauritius) has filed an “opportunistic” complaint in the UK against a Nigerian joint venture, Shoreline Canadian Overseas Petroleum Development, known as ShoreCan.
ADM lines up increased stake in OML 113
ADM Energy has struck a deal to buy a 2.25% stake in Nigeria’s OML 113 from EER for $3 million in shares and cash.
Trafigura distances itself from Zimbabwean exec
Trafigura is taking control of its fuel supply business in Zimbabwe with the purchase of a 51% stake from Sakunda Holding, owned by controversial Kudakwashe Tagwirei.
Trafigura to finance ADM’s upstream plans
ADM Energy has signed up support from Trafigura, with the oil trader agreeing to support “investment opportunities” in African energy.
Trafigura invests in Malian sunshine
Trafigura has made its first investment in solar power in Africa, via PASH Global, buying a stake in a Malian project.