Trafigura

Trafigura revamps senior leadership across divisions

Posted on September 19, 2023September 19, 2023 by Mozambique Resources Post

Global commodities trader Trafigura has reshuffled some senior leadership positions and announced replacements for outgoing chief operations officer and board member Mike Wainwright, the company said on Tuesday. CEO and executive director Jeremy Weir is staying in his roles while Ben Luckock has become the sole head of oil trading. Gonzalo De Olazaval becomes sole head of metals and bulk commodities while Richard Holtum takes on renewables alongside gas and power.

Global Markets: Trafigura To Stop Oil Business With Venezuela

Posted on February 19, 2019February 21, 2019 by Mozambique Resources Post

Due to the U.S. sanctions on Venezuela’s oil industry and state firm PDVSA, one of the world’s largest commodity traders, Trafigura, has decided to halt its oil trade with Venezuela, Reuters reported on Friday, quoting a source with direct knowledge of the plans.

Global Markets: Trafigura boosts LNG volumes by 22%

Posted on December 11, 2018December 11, 2018 by Mozambique Resources Post

Trafigura, one of the world’s largest commodities trading firms, said its LNG volumes rose 22 percent in the 2018 financial year, driven by a surge in demand in Asia. The Geneva-based independent company traded 9.85 million tonnes in the financial year that ended September 30, as compared to 8.1 million tonnes a year ago, according to Trafigura’s annual report. This figure was boosted by sales to China and South Korea, with the Asian share of…

Global Markets: Trafigura Still Sees Higher Prices In 2019

Posted on October 19, 2018 by Mozambique Resources Post

Three weeks ago, when Brent Crude prices hit $80 a barrel on fears of an imminent supply crunch with the Iran sanctions, one of the world’s top oil traders—Trafigura—was one of the first to start talking about a return of $100 oil.

Africa Oil & Gas: Trafigura Group helps re-establish historic African trade route

Posted on September 28, 2018 by Mozambique Resources Post

Independent commodity trading group Trafigura has successfully taken the first step towards reopening one of Africa’s most historic trade routes, with a train journey that ended in the Angolan port of Lobito on Saturday, September 22.

Africa Oil & Gas: Trafigura loses last big Angolan oil deal as new president shakes up sector

Posted on September 11, 2018 by Mozambique Resources Post

Trafigura has lost its last big contract in Angola, once a core market and revenue generator for the trading house, as the country’s new president Joao Lourenco part ways with oil firms that worked with his predecessor Jose Eduardo Dos Santos.

Global Markets: Challenging Oil Market Drags Trafigura’s Profit Down 53%

Posted on June 18, 2018June 18, 2018 by Mozambique Resources Post

One of the world’s biggest commodity traders, Trafigura, reported on Wednesday a 53-percent decline in profit for the six months ending March 31, 2018, as the oil market structure radically changed at the end of last year in response to OPEC’s production cuts.

Global Oil & Gas: Trafigura, SLNG ink storage agreement

Posted on June 18, 2018June 18, 2018 by Mozambique Resources Post

Trafigura signed a second storage and reload services agreement with Singapore LNG Corporation (SLNG) at the SLNG terminal on Jurong Island, it said June 18, a few weeks after the event. The first agreement was signed in July 2015.

Global Oil & Gas: Trafigura’s LNG chief to lead the company’s Asian oil unit

Posted on May 2, 2018 by Mozambique Resources Post

Trafigura, one of the world’s largest commodities trading firms, said it has appointed the company’s chief of liquefied natural gas (LNG) as its head of oil in Asia.

Africa Mining: Trafigura signs three-year cobalt deal with Congo miner

Posted on April 6, 2018 by Mozambique Resources Post

(Reuters) – Commodities trader Trafigura has signed an offtake agreement for cobalt hydroxide running to December 2020 with Shalina Resources and its subsidiary Chemaf, based in the Democratic Republic of Congo (DRC), Chemaf said in a statement on Wednesday.

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