Glencore Plc, a global integrated commodities producer and trader, has recently joined Vitol Group, the world’s largest independent oil trader, and hired tanks at the
Category: Markets
French Hesitation’s Over: Paris Ends Coal Subsidies for Developing Markets
Following nine months of indecisiveness and hesitation, France has finally made up its mind and ended subsidies for overseas coal-fired power stations without a carbon
Iraq and Brazil to Revise Oil Production Targets Downward
Analysts expect that Brazil and Iraq will have to make major downward revisions to their oil production targets, which could in the end lead to
Grexit and Iran’s Nuclear Deal Contributing to Oil Price Fall
The price of crude oil went down again weighed by weaker U.S. refined fuels markets and eventual negative impact of the Greek debt crisis on
Commodity Prices Affected by Strengthening Dollar
Commodity prices have recently been affected by strengthening dollar, with oil, gold and wheat leading the decline. The U.S. dollar rose at the end of
PotashCorp on the Lookout to Buy Stakes in “Strategic” Companies
CEO of the Potash Corporation of Saskatchewan, Jochen Tilk, said last week that the company was looking into options of buying stakes in other fertilizer
M&A Activity in Commodity Sector Likely on Rise due to Low Prices
The recent $70-billion acquisition of BG Plc. by its competitor Royal Dutch Shell signals that mergers and acquisitions (M&A) might be on the rise in
China’s Demand for Commodities on Rise Despite Economic Slowdown
Despite the economic slowdown, China’s demand for a variety of commodities has been surprisingly solid since the beginning of this year. In the first quarter,
Out of Russia: Gunvor Sells its Siberian Shares
Gunvor, a global commodity trading company registered in Cyprus with the main trading office in Geneva, has sold 30 percent stake in Kolmar, the Siberian
Saudi Arabia Curbs Oil Supply to Asian Customers
Saudi Arabia has decreased its oil exports to some of its Asian customers, mostly to South Korea and Japan since last month. The decision to