Page 6 - Commodity Trader News Today : Breaking News, Live Updates & Top Stories | Vimarsana

  State-run Qatargas has delivered its first LNG cargo to India's 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 was delivered to Indian Oil LNG Private, a subsidiary of state-run Indian Oil Corporation, which o...

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 company will decide on the venue for the listing of the food ingredients business by June or July, Chief...

(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 commodity trading industry.In those days paying so-called “commissions” was both legal and ...

(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 commodity trading industry.In those days paying so-called “commissions” was both legal and ...

(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. The company has brought its debt back down to within a target range and said it’s planning for...