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Global Commodities and Resources 2014

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U.S. oil patch still 'Klondike' for world's biggest traders

LONDON The United States remains the pre-eminent arena for the world's oil traders, top executives at commodity firms Mercuria, Trafigura and Gunvor said, even as Washington only slowly loosens its crude export ban and as the price of oil-related assets rise.

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Freepoint in talks with banks on physical commodity deals

NEW YORK Freepoint Commodities is in talks with banks on structured finance deals that combine the U.S. commodity merchant's expertise in handling physical metals and crude oil with banks' deep financial firepower, executives said.

Freepoint starts base metals trading, focus on Asia

NEW YORK Freepoint Commodities has started trading physical base metals betting on growing demand in China, a senior executive said, as a financing scam forces some banks to scale back business in the world's top consumer.

Freepoint expands U.S. natgas, sees oil 'conversion' play

NEW YORK Freepoint Commodities is expanding its U.S. natural gas trading team, betting that rising exports and the growing substitution of liquefied natural gas for liquid motor fuels will open up new opportunities in a long-subdued market.

Mercuria sees stake sale to strategic partner next year

LONDON Trading house Mercuria aims to sell a stake of up to 20 percent to a strategic partner in the second quarter of 2015 after it completes integration with the newly acquired assets of JPMorgan, its chief executive said.

U.S. oil patch still 'Klondike' for world's biggest traders

LONDON The United States remains the pre-eminent arena for the world's oil traders, top executives at commodity firms Mercuria, Trafigura and Gunvor said, even as Washington only slowly loosens its crude export ban and as the price of oil-related assets rise.

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Distillates offer EU refiners only temporary lifeline

LONDON A surprise drop in diesel and heating oil stocks in Europe and the United States will offer European refineries only a temporary lifeline, at a time of growing competition from "monster" refineries in the Middle East, executives at top trading firms told the Reuters Commodities Summit this week.

Traders Gunvor, Mercuria look to expand in iron ore

LONDON Energy-focused commodity traders Gunvor and Mercuria are looking to expand their iron ore operations just as oversupply grips the world's second-largest traded commodity after oil, depressing prices but also offering opportunities.

Mercuria sees traders teaming up with banks on hedging

LONDON Banks and trading houses will join forces to provide hedging services in commodities in the same way that they have provided joint trade finance in the last two years, Mercuria's chief executive Marco Dunand said.

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Coal price outlook bearish until mines cut supply

LONDON There is no relief in sight for historically low coal prices, unless mines start cutting output, bosses of major energy trading companies including Mercuria and Trafigura said.

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Gunvor 'practically concludes' selling out of Russian coal miner

LONDON Trading house Gunvor has "practically concluded" a deal to sell its stake in coal miner Kolmar to a non-Western buyer as part of its strategy to reduce exposure to Russia, its chief executive Torbjorn Tornqvist told the Reuters Commodities Summit.

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