Page 3 - Commodity Trader News Today

LNG prices might be high, but competition for off-take agreements remains fierce. China is the biggest show in town and the US is laying out its stall. [Gas in Transition, Volume 1, Issue 8]

B.Grimm Power intends to invest approximately $200mn in equity at the financial close of the project.

The Swiss commodity trader said its performance today sets it up to do well in the energy sector of tomorrow.

The joint venture firm expects to begin supplying LNG to China by 2023.

Vanguard News Govt as metaphor for market volatility On Kindly Share This Story: Equity investors in Nigeria are navigating choppy waters. They sleep and wake with more downswing than upswing. The market ended bullish last year despite the impacts of COVID-19 on operations of the quoted companies and many investors became instant millionaires. By Bloomberg’s report, in 2020, The Nigerian Stock Exchange posted a one-year return of +50.03% to top S & P 500 (+16.26%) and Dow Jones Industrial In...

  State-run Qatargas has delivered its first LNG cargo to Indias Ennore LNG receiving terminal located in the southern state of Tamil Nadu, it said on February 28. The cargo was delivered aboard a Q Flex vessel.  “The Q-Flex vessel,  Al Nuaman, was loaded with 147,000 m 3 of LNG on February 11 at Ras Laffan Port, and called at Ennore terminal, near the southern city of Chennai, on February 20 and becomes the largest LNG carrier to call Ennore LNG terminal.” Qatargas said. The cargo...

Commodity trader Olam International, which is dividing its portfolio of diverse products into two new operating businesses, said on Friday that it plans to list its food ingredients segment by the first half of next year. The carve-out and separation of Olam Food Ingredients (OFI), which includes its cocoa, coffee and edible nuts businesses, and Olam Global Agri (OGA), which includes grains and animal feed, edible oils, rice and cotton, is estimated to be completed by the end of 2021. The comp...

(Bloomberg) -- A former Glencore director said he used to fly the world carrying a bag full of cash to secure deals for the commodity trader, evidence of the industry’s longstanding history of corruption, a problem it’s still grappling with today.“I used to go with 500,000 pounds to London,” Paul Wyler who was one of Glencore’s most senior executives and a board director until 2002, said in an interview for The World for Sale, a book on the history of the commo...

(Bloomberg) -- A former Glencore director said he used to fly the world carrying a bag full of cash to secure deals for the commodity trader, evidence of the industry’s longstanding history of corruption, a problem it’s still grappling with today.“I used to go with 500,000 pounds to London,” Paul Wyler who was one of Glencore’s most senior executives and a board director until 2002, said in an interview for The World for Sale, a book on the history of the commo...

(Bloomberg) -- Glencore Plc reinstated its dividend on the back of record trading profits as the world’s biggest commodity trader reports its final results under the leadership of billionaire Chief Executive Officer Ivan Glasenberg.Glencore benefited from profitable bets on volatile oil swings in the first half of the year, and metals earnings jumped after prices soared following a plunge earlier in 2020. It’s also seeing a turnaround at the long-troubled African copper business. T...