You Searched For "Trafigura" and got 20 results
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1 min read
Oil prices could hit $150 a barrel or more with demand destruction likely by the end of the year, says global commodities trader Trafigura
"If we see very high energy prices for a period of time we will eventually see demand destruction,"…
Brian Evans
2 mins read
India's biggest deal worth Rs 72,800 crores: Essar oil sells to Russia's Rosneft
The all-cash deal will give Rosneft and its partners control of Essar's 20 million tonne refinery i…
1 min read
The real reason for copper's record-shattering rally, according to one trading firm
Copper's supply-demand imbalance isn't enough to justify its record price near $11,000, Trafigura s…
Filip De Mott
2 mins read
Commodities trader caught in DOJ probe ruined her own non-prosecution agreement by taunting the former colleagues she was helping to investigate
Charlotte Bamber admitted to wire fraud and commodity price manipulation while trading oil products…
Katherine Tangalakis-Lippert
1 min read
The world's top metals trader is stuck in another nickel-shipment snafu after getting bags of stones from a Dutch warehouse
Earlier, the Wall Street Journal reported that JPMorgan Chase was the owner of bags of stones at th…
Filip De Mott
2 mins read
Metal tycoon sued over missing $577 million in nickel told cargo inspectors he'd had a heart attack, report says
Prateek Gupta, whose nickel shipments to Trafigura allegedly contained no nickel, is accused of usi…
Ryan Hogg
5 mins read
Startups taking on Nvidia face an uphill battle, but the dominant AI chipmaker faces another real threat
Nvidia's dominant position as the AI chipmaker is undeniable, but that hasn't stopped some optimist…
Dan DeFrancesco
1 min read
A top commodity trader is staring down a $577 million loss after discovering metal cargoes it bought were missing nickel, report says
Trafigura has spent two months uncovering a systemic fraud perpetrated against the company, sources…
Phil Rosen
1 min read
Copper prices could soar 33% in the next year as global inventories hit lowest since 2008, top metals trader says
China's reopening and renewable-energy industries are accelerating demand, and prices may rise to $…
Filip De Mott
1 min read
A scrap metal scam led to hundreds of millions in estimated losses at Europe's top copper producer
The metals industry has been rocked by massive thefts over the past year, including a bag of rocks …
Matthew Fox
1 min read
How two former Goldman Sachs traders built the No. 1 US coal exporting business
Javelin Global Commodities has grown to become the No. 1 exporter of American coal, according to Bl…
Joseph Wilkins
1 min read
The 3,300 employees of an oil trading firm each made almost $800,000 last year – way more than Wall Street bank staff
Oil price gyrations following Russia's invasion of Ukraine meant profits of $15.1 billion that Vito…
Jordan Hart
1 min read
Copper supplies are dangerously low and can only cover less than 5 days of global demand, top commodities trader says
Global inventories of copper could shrink further, covering 2.7 days of demand by year-end from 4.9…
Brian Evans
1 min read
Over half a million silver coins just vanished – now the metals dealer behind the 'fraudulent' scheme must pay $146 million
A precious metals dealer has been asked to pay $146 million in damages after over 500,000 silver co…
Joseph Wilkins
1 min read
Goldman Sachs' commodities team reportedly raked in $3 billion in 2022, with wild swings fueling one of its best years ever
Russia's war against Ukraine ignited big swings in commodities prices, leading to one of the bigges…
Carla Mozée
2 mins read
JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before.
Swiss trader Mercuria Energy received spray-painted rocks instead of $36 million worth of copper it…
Huileng Tan
2 mins read
Ukraine asks the world's largest energy traders to stop handling Russian oil as they've continued to move millions of barrels since the war
Vitol, Trafigura, Glencore, and Gunvor have traded about 20 million barrels of Russian crude and oi…
Shalini Nagarajan
1 min read
Small oil traders are now making $20 million from a single shipment of Russian crude - 33 times more than before the war
Smaller oil traders are making $20 million for each cargo load of Russian crude, and they're not ev…
George Glover
2 mins read
Surging natural gas prices trigger hundred of millions of dollars in margin calls, report says
European natural gas prices have surged by nearly 400% this year, spurred by low inventories and de…
Carla Mozée
3 mins read
Tesla stock is having a dominant start to 2023 and retail investors are loving it
Insider's Phil Rosen breaks down the blistering rally in shares of Elon Musk's EV maker to start 20…