Trafigura warns that misconduct in Mongolia could cost $1.1 billion
After an internal review, global commodity trader Trafigura said it expects to set aside $1.1 billion as a provision for misconduct by individuals within its Mongolian petroleum product supply business.
Richard Holtum is named new CEO of Trafigura
Trafigura announced on Tuesday that Richard Holtum would take over as CEO of the global trading house Trafigura at the start of next year. On the same day, Jeremy Weir will be taking…
Palantir, Trafigura to Track Carbon Emissions for Oil, Metals industry
Palantir Technologies Inc and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday: tracking carbon emissions for the oil…
World's Top Traders Divided on Oil Outlook as Iran Sanctions Loom
The world's biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking above $100 next year as U.S. sanctions on Iran reduce…
Trafigura Moves Hedging from Europe, Leads U.S. Exports Race
Firm moves away from new tighter EU regulations and becomes largest exporter of U.S. crude. Trading giant Trafigura has moved its commodities hedging operations to the United States…
Rosneft, Trafigura Consortium to Acquire 98% Essar Oil
Essar Energy Holdings Limited and Oil Bidco (Mauritius) Limited—companies incorporated and managed under the laws of Mauritius—the controlling shareholders of Essar Oil Limited…
Trafigura profit falls, oil volumes reach record
Daily trading tops 4 mln barrels for first time. Swiss trading house Trafigura reported a 10 percent fall in first-half profit on Tuesday despite trading volumes in oil rising to a new record.
Trading Houses Predict Cautious Rise in Oil Prices
Oil prices have probably bottomed out and will rise from now on though the recovery will be slow due to a huge stocks overhang, some of the biggest oil trading executives said on Tuesday.
Trafigura Founder and Top Shareholder Dauphin Dies
One of the world's most influential oil traders, Claude Dauphin, who founded trading house Trafigura and turned it into one of the biggest commodities players in the world, died…
Trafigura Posts Record Profit
Switzerland's Trafigura reported record first half net profit on Monday on the back of stronger oil and metals trading, illustrating how trading houses have benefited from market…
Trafigura Up Oil Trades with Russia
Swiss commodities trader Trafigura said on Tuesday it had increased its exposure to Russia but that new trading activities were fully in line with U.S. and EU sanctions. Reuters…
Top Trading Houses Weigh in on Energy
Top executives from the world's largest trading houses discuss trends in commodities trading at the FT Commodities Global Summit in Lausanne, Switzerland, this week. Said Trafigura…
Trafigura CFO Lorinet to Step Down
The chief financial officer of commodities firm Trafigura, Pierre Lorinet, who led the trading house's headquarters relocation to Singapore from Switzerland in 2012, is stepping down from October…
Trafigura Trader to Join EITI Transparency Drive
Commodities trader Trafigura will be the first among its peers to join a global initiative aimed at shedding light on companies' dealings with governments of natural resources-rich countries.
