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Trader Vitol posts record $15 bln profit in 2022 on energy crisis -FT - Stock market news

March 30 (Reuters) - Global commodities trader Vitol posted a record net profit of almost $15 billion in 2022, reaping the benefits of the energy crisis and leaving behind its competitors, the Financial Times reported on Thursday, citing pe... | 12:17pm
Russell Hardy Financial Times Commodities Summit Deep Vakil Bengaluru Editing Marguerita Choy

Metals shortages to worsen unless governments act: Trafigura CEO | Hellenic Shipping News Worldwide

Governments and regulators may need to act to avoid possible critical shortages in the metals markets, global trader Trafigura’s CEO Jeremy Weir said. The situation regarding supplies “at the moment doesn’t look good,” Weir told delegates at the FT Global Commodities Summit in Lausanne. Tightness could be alleviated by governments offering fiscal stimulus or shortening ...
City Of United Kingdom London Metal Exchange World Bureau Of Metals Statistics Commodities Summit World Bureau

Oil Closes In On $75, Triggering Worry Of A Supercycle

Oil Closes In On $75, Triggering Worry Of A Supercycle by Ship & Bunker News Team Wednesday June 16, 2021 With the long-feared prospect of a rise in Iran crude exports looking less likely and demand recovery continuing to exceed expectations, oil prices on Wednesday rose for a fifth consecutive session and closed in on the $75 mark.  7.4 million barrels in the week to June 11 and refining utilization rose to 92.6 percent (the highest since January 2020), West Texas Intermediate rose 3 cen...
Saudi Arabia United States Castleton Commodities International On Us Energy Information Administration Information Administration West Texas Intermediate

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