Trafigura

While growth in the South Asian nation is being driven by urbanization and rising incomes, China is facing slowing crude consumption growth aside from in petrochemicals.

Billionaire Reuben brothers sue Trafigura over nickel fraud

Legal filings seen by Bloomberg News shed new light on the case that shocked the market earlier this year when Trafigura said it expected to lose nearly $600 million in what it called a “systematic fraud” perpetrated by Indian businessman Prateek Gupta.

Trafigura's nickel nemesis was already notorious in metal circles

One of the world’s biggest commodity traders faces more than half a billion dollars in losses from what it described as a ‘systematic fraud’ involving missing nickel.

Trafigura faces $577 million loss after uncovering nickel fraud

The missing nickel is a blow for the company that has grown rapidly in the past decade to become one of the world’s largest trading houses.

Tanker bookings signal return to floating storage for ailing oil market

A stalled global economic recovery from the coronavirus pandemic is leading to a new build-up in global oil supplies, pushing traders to store millions of barrels of crude oil and refined fuels at sea until hoped-for better days ahead.

Essar Oil picks Trafigura, BP for $1 billion oil-backed loan

Russian oil major Rosneft, fund UCP and Swiss commodities trader Trafigura bought Essar Oil's large refinery, 3,500 fuel stations and infrastructure for $12.9 billion last year.

Rosneft-led group to complete Essar acquisition next month: Srcs

A consortium led by Russian oil major Rosneft plans to finally complete its USD 12.9 billion acquisition of India's Essar Oil next month, two Russian sources close to the deal told Reuters.

Will use Rosneft proceeds to reduce debt by Rs 75K cr: Essar

In an interview with Business Standard Prashant Ruia, Director, Essar Group said that the proceeds from this deal will be used to reduce its debt by Rs 75,000 crore.

Rosneft's entry to put pressure on giants like IOC, BPCL: Expert

Energy expert Narendra Taneja said that this entry of a global giant like Rosneft will put tremendous pressure on domestic players like IOCL, BPCL etc and will work out in favour of the Indian customer.

Rosneft to buy 49% stake in Essar Oil in an all-cash deal

Russian oil giant Rosneft has cemented the deal to buy 49 percent stake in Essar Oil. European commodities trader Trafigura and Russian fund UCP consortium will also pick-up 49 percent stake in Essar, leaving existing promotes Ruia family with 2 percent stake.

Rosneft-Essar Oil's $13-bn deal expected to be announced today

The deal, which includes taking over of USD 4.5 billion debt on Essar Oil books, is likely to be signed on Saturday in Goa, sources privy to the transaction said.

As prices drop traders store crude oil at sea

Top trading firms are said to have booked crude tankers for up to 12 months. The flurry of long-term bookings was unusual and suggested traders could use vessels to store excess crude at sea until prices rebound, repeating a popular 2009 trading gambit.

Trafigura to invest $250m in Indian refinery, oil storage

Oil trader Trafigura will invest up to USD 250 million in a refinery and oil storage project in Tamil Nadu, the company said in a statement on Thursday.