Page 6 - Freepoint Commodities News Today

Authorities in Brazil are investigating senior employees at Connecticut-based trading house Freepoint Commodities for their alleged role in a bribery scheme involving state-run oil company Petrobras, Reuters has learned.

Refinery once key to New York’s fuel supply ordered shut By Sheela Tobben on 5/16/2021 (Bloomberg) — The Environmental Protection Agency ordered the shutdown of a U.S. Virgin Island refinery that historically was positioned as a key fuel source for the East Coast due to public health concerns. Limetree Bay refinery The 200,000-barrel-a-day Limetree Bay refinery in St. Croix is required to pause operations after repeated operational infractions, accordin...

Riccio heads to Michael Best — Execs not worried about Dems’ bid to tax the rich

U.S. Orders Caribbean Refinery to Shut on Public Health Concerns Sheela Tobben, Bloomberg News (Bloomberg) -- The Environmental Protection Agency ordered an emergency shut down of a U.S. Virgin Island refinery that historically was positioned as a key fuel source for the East Coast due to public health concerns. The 200,000 barrel a day Limetree Bay refinery in St. Croix is required to pause operations after repeated operational infractions, according to the EPA. Since February, the facility ha...

Provided by PR Newswire May 3, 2021 2:06 PM UTC Freepoint Commodities Renews Its Revolving Credit Facility at USD 2.63 Billion; Allows Growth to USD 3.23 Billion Freepoint Commodities Renews Its Revolving Credit Facility at USD 2.63 Billion; Allows Growth to USD 3.23 Billion PR Newswire STAMFORD, Conn., May 3, 2021 STAMFORD, Conn., May 3, 2021 /PRNewswire/ -- Freepoint Commodities LLC ("Freepoint") today announced that it has closed a USD 2.63 billion revolving bank facility...

Singapore — Freepoint Commodities is pushing ahead with its strategic expansion plan for Asia that would see the global commodities trader build on its core markets, such as low sulfur fuel oil and US crude, while eying opportunities in the clean fuels space to cater to the changing energy landscape, its CEO for Asia told S&P Global Platts in an interview. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The company is...

ClearDox LLC Launches New Service Targeted at Accelerating The Digital Transformation of Bulk Commodity Trade Settlement Gulf Oil Announced as First Client News provided by Share this article Share this article STAMFORD, Conn., April 6, 2021 /PRNewswire/ -- ClearDox LLC announced today the commercial launch of ClearDox, a proven SaaS platform that provides data management and digital transformation solutions for commodity verticals including oil and refined products, agriculture, and metals, a...

Indonesias Pertamina Seeks to Produce VLSFO for Singapore Bunker Market by Ship & Bunker News Team Wednesday March 3, 2021 Indonesian state-owned oil producer Singapore bunker market, according to price reporting agency Argus Media. Pulau Sambu terminal online by 2023, Argus reported on Wednesday, citing market sources. 3.2 million litres of storage capacity. PIMD is aiming to supply 200,000 mt/month of VLSFO to the Singapore market, Argus said. Ship & Bunker News Team

Publishing date: Feb 26, 2021  •  February 27, 2021  •  3 minute read  •  Article content (Bloomberg) — Texas’s grid operator needs to come up with $1.3 billion to pay power plants for energy they supplied during last week’s historic blackouts, raising the prospect it may require a state bailout. The Electric Reliability Council of Texas, which manages most of the state’s grid, said it’s still waiting on more than $2 billion in payments from retail power providers and ot...

Ercot Still Short $1.3 Billion in Energy Payments: Texas Update Bloomberg 2/26/2021 Mark Chediak, David Wethe, Joe Carroll and Naureen S. Malik (Bloomberg) -- A second day of marathon hearings on Texas’s unprecedented energy crisis raised concerns about the liquidity of the state’s power market, and who will ultimately pay for the disaster as some companies face bankruptcy. Several utilities told Texas lawmakers Friday that they were still awaiting payment from the grid op...