Commodity Trader News Today

Have found a compromise for their ongoing fight over germanys migration policy. After very intense negotiations between the c. D. U. And the c. S. U. Weve reached an agreement we have a clear arrangement for preventing illegal migration at the border between germany and austria in the future. The two Sister Parties have decided to set up socalled Transit Centers on the german austrian border from where Asylum Seekers who have already registered in another country would be transferred. Would also...

The LNG will be produced at a planned small-scale production facility at the Colle Santo gas field in Italy.

This was a big week for connected events. The increase in the CPI was a surprise to the disinflation crowd that’s been screaming for lower interest rates for almost two years. Higher CPI leads to higher for longer interest rates which pushes up the dollar against the yen.

(Bloomberg) -- The world’s biggest commodity traders are increasingly confident of a bullish oil market into the second half of the year after prices pierced $90 a barrel for the first time in months. Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareUkraine Says It’s Behind Blaze on Russian Warship in Baltic SeaBillionaire Geiger, Blackstone Near L’Occitane DealYellen Junks 200 Years of Economics to Block...

This decision comes as part of Bangladeshs ongoing efforts to meet its energy demands and ensure the stability of its energy supply.

Glencore Plc reported a steep drop in annual profit and lowered its dividend, after markets retreated from the price spikes and wild swings that drove blockbuster earnings in the aftermath of Russia’s invasion of Ukraine.

(Bloomberg) -- Commodity trader Olam Group said that its investigation found no evidence to support allegations of a reported scandal at its Nigerian units, spurring a surge in its Singapore-listed shares.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderRecord US Stock Rally Is Under Threat From a World in TurmoilChina Stocks Primed for Bullish Reopen After Upbeat DataWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InSystemic ...

These volumes would then be delivered on a free on board basis to commodity trader Gunvor.

Under the agreement, LNG deliveries are slated to commence from 2026 onwards. [Image: Gail]

(Bloomberg) -- Three of the world’s top commodity trading houses used state oil companies from China, Thailand, Oman and Uruguay as fronts in their corrupt deals with Ecuador, a federal jury in Brooklyn, New York has heard.Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownApple to Sell Watches Without Oxygen Feature After Legal SetbackPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmDimon Says China Risk-Reward Equation Has &#x2...