Edition:
United States

Julia Payne

Trafigura's Puma Energy hires BAML for asset sale: sources

Jun 21 2019

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.

Probes and squeezed profits change the oil trading game

Jun 20 2019

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.

Probes and squeezed profits change the oil trading game

Jun 20 2019

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.

Short-seller Iceberg Research turns focus to Trafigura bond

Jun 20 2019

* Brazilian bond's book value rose despite fall in quoted price

Glencore puts Chad oilfields up for sale: sources

Jun 12 2019

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.

Trafigura profit leaps as oil and gas trading offsets losses at associates

Jun 11 2019

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.

Energy trader Gunvor bounces back in Q1 after tough 2018 - CFO

Jun 07 2019

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.

U.S. tells foreign firms to stop jet fuel trading with Venezuela: sources

May 23 2019

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.

UPDATE 2-Nigeria's Trans Forcados pipeline remains closed after fire

May 21 2019

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 Sunday.

Russian oil quality back to normal at Baltic port after contamination

May 13 2019

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.

World News