36 articles
Trafigura executives state a new $300 million power transmission project between Zambia and Congo could save miners $1 billion annually by replacing diesel with imported electricity, addressing chroni
Trafigura acquired seven oil tankers from SFL Corp amid soaring shipping rates driven by geopolitical disruptions in key waterways. The deal highlights growing demand for vessel availability to transp
Trafigura and partners plan a $300 million power link between Zambia and the DRC to support mining centers. The project connects to First Quantum Minerals' mine, ensuring reliable power for the copper
Ludoil acquired 51% of Italian refiner ISAB and plans a €1.3 billion investment over five years to modernize facilities and produce sustainable fuels. The deal secures Italy's refining capacity amid g
Major traders Vitol and Trafigura demand deeper discounts on Venezuelan crude as global freight rates surge to record highs following geopolitical tensions, squeezing margins despite stable export vol
Trafigura launched Volare Shipping, a new tanker arm with 14 supertankers, planning an Oslo listing on October 5 after raising $500 million. The expansion addresses record-high oil freight rates cause
Trafigura plans to list its new tanker subsidiary, Volare Shipping Ltd., on Oslo’s Euronext exchange to raise $500 million amid soaring crude shipping rates. Record earnings of $1 million per day are
Hadi Hallouche, a former executive contender at Trafigura, has established Oxitera SA to trade oil, LNG, and power. This launch coincides with soaring profits in the commodity trading sector driven by
South Korean diesel is being shipped to Western Europe in a rare 12,000-mile voyage to address winter supply shortages amid high regional prices. Geopolitical conflicts and limited refining capacity a
Italy's antitrust regulator approved Ludoil's purchase of 51% of ISAB, securing control over 20% of national refining capacity. The transaction involves a long-term supply pact with Trafigura for crud
BP has commenced trading Venezuelan fuel oil, joining peers like Trafigura and Vitol following regulatory shifts. This move supports BP's strategic pivot back to oil and gas under new leadership, coin
Global traders like Trafigura and StoneX are entering Brazil's electricity market amid local distress, betting on volatility and accelerating sector consolidation.
Lead prices fell to near 2022 lows after Trafigura drove LME stockpiles to a record high. Analysts warn of structural demand declines as electric vehicles replace lead-acid batteries.
Trafigura withdrew from a proposed 2,000-megawatt transmission line designed to supply hydropower to copper and cobalt mines in the DRC and Zambia. Competitors Meridia Energy and HYDRO-LINK are advanc
The US Treasury sanctioned Cuba’s military bank and state miner GeoMinera, linked to Trafigura’s zinc operations, alongside a steelmaker. Measures target revenue from mineral exploitation amid broader
Following a London court ruling that Prateek Gupta defrauded Trafigura with fake nickel sales, the trader is seeking to enforce financial restrictions on his wife’s assets in Dubai to recover over $70
Commodity traders Trafigura and Vitol are expanding Venezuelan crude sales to Asian refiners amid rising local production and Middle East supply disruptions caused by the Iran war.
Trafigura halted zinc concentrate shipments from Cuba's Castellanos project to Chinese smelters amid escalating US sanctions and economic blockade pressures. This disruption contributes to existing gl
Global commodities trader Trafigura reported $4.1 billion net profits for the first half of 2026, surpassing its entire 2025 full-year earnings of $2.7 billion. Results were driven by broad-based cont
Trafigura reported record half-year profits exceeding $4 billion and paid its largest ever dividend, driven by soaring commodity prices and market disruptions. The company also announced strategic ass
A London arbitration tribunal ordered Zambia’s ZCCM Investments Holdings to pay Trafigura $92 million following a dispute over a prepayment agreement with Konkola Copper Mines. The award covers princi
Puma Energy reported record quarterly EBITDA of $149 million and tripled net profit to $59 million, driven by strong margins and volume growth despite volatile macroeconomic conditions.
Trafigura withdrew over 51,000 tons of copper from LME warehouses worth over $700 million, driven by arbitrage opportunities between US and Asian markets amid tariff concerns.
Terrafame, backed by Trafigura, is assessing scandium production from its Finnish uranium facility to bolster European critical mineral supplies. The company targets a final investment decision in ear
Commodity trader Trafigura is in talks with crypto firm Tether to pilot USDT payments at its Puma Energy fuel stations in El Salvador. This marks a significant step in stablecoin adoption within the n
Trafigura and Phillips 66 lead recipients of US waivers allowing foreign tankers to transport domestic fuel, facilitating over 50 cargoes amid rising prices driven by the Iran conflict. The policy eas
EGC, EVelution Energy, and Trafigura signed an MOU to supply Congolese cobalt hydroxide to the U.S., with EVelution refining it in Arizona for EV and aerospace sectors. The partnership aims to meet ap
EVelution Energy secured a supply framework with Congo’s EGC and Trafigura for its US cobalt refinery project. The initiative targets responsible sourcing for EV batteries while reducing US reliance o
George E. Warren LLC started exporting 1 million barrels of Venezuelan crude oil, challenging Vitol and Trafigura in a market opened by eased US sanctions. This entry highlights shifting dynamics in P
Commodities trader Trafigura plans to re-domicile its key employee shareholding entity from the Netherlands to Bermuda while maintaining tax residency in Singapore. Addressing EU regulatory pressures,
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