LONDON Puma Energy, the retail and storage arm of commodities trader Trafigura, has hired Bank of America Merrill Lynch (BAML) to run the sale of some of its assets, sources familiar with the matter said, in an effort to trim debt.
GENEVA/LONDON For the world's biggest oil traders, it feels like a return to the 1980s when earnings were diluted by an abundance of crude.
GENEVA/LONDON, June 20 For the world's biggest
oil traders, it feels like a return to the 1980s when earnings
were diluted by an abundance of crude.
* Brazilian bond's book value rose despite fall in quoted
LONDON Mining and trading giant Glencore has put its oilfields in Chad up for sale, three sources familiar with the matter said, in a retreat from its foray into oil production following asset writedowns over the past decade.
LONDON Trading house Trafigura's six-month net profit jumped by 92% after strong performance from its oil and gas desks helped to offset weakness at the metals division and losses at key associates.
GENEVA, June 7 Swiss energy trader Gunvor Group
bounced back in the first quarter of this year after posting a
steep net loss for 2018 as restructuring started to pay off, its
new chief financial officer said.
LONDON The United States told some large foreign firms this week they should stop trading jet fuel with Venezuela or face sanctions, according to two industry sources, ratcheting up pressure intended at removing Venezuelan President Nicolas Maduro from power.
LONDON, May 21 Nigeria's Trans Forcados pipeline
remains closed but no force majeure has been declared, a Shell
spokeswoman said on Tuesday, after a fire broke out on
MOSCOW/LONDON Russia has begun shipping clean oil via the Baltic after a contamination problem disrupted flows for three weeks and it is working to resume supplies by a pipeline to Europe although traders said this might take several more weeks to fix.