You Searched For "Trafigura" and got 20 results
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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
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
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
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
3 mins read
This commodity trader made heaps of money from the oil price crash - now it's paying staff £500 million in bonuses
Speaking about the company's results, CEO Jeremy Weir said "The year provided ample opportunities f…
Will Martin
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
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
2 mins read
There has been a 'sea-change' in commodities, and hedge funds have lost $40 billion
"In effect, we have seen a sea-change in investor attitudes. From the mid-2000's onwards, commoditi…
Julia La Roche
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
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
4 mins read
Succession Planning Is Especially Difficult In The Mysterious World Of Commodity Traders
Oil traders have come a long way since the 1970-1980s era of Marc Rich, the godfather of contempora…
Dmitry Zhdannikov and Jonatha…
2 mins read
Russian companies are being forced to throw oil at their dollar problem
This was prompted by the furore surrounding a similar deal in December that was widely believed to …
Tomas Hirst,Tomas Hirst
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…
5 mins read
How a Geneva-based commodity trader became the largest exporter of Russian oil
Against this background of high debt, a fall in the price of oil weakens the balance sheets of prod…
Tomas Hirst
2 mins read
Tesla has partnered with a nickel mine after Elon Musk said the metal was the group's 'biggest concern' amid shortage fears
Under the deal, Tesla may be able to buy nickel for the lithium-ion batteries, which are key for po…
Kate Duffy
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
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
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
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
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…