Global Commodities 2017
LONDON A looming ramp-up in U.S. sanctions on Tehran will further spook potential buyers of Iranian oil although supplies to Europe will most likely remain uninterrupted, top trading houses told the Reuters Global Commodities Summit this week.
LONDON Swiss energy trader Mercuria is looking to move into China's newly opened power market, do more structured financing deals and invest in assets to make up for the cyclical ups and downs in traditional oil trading, chief executive Marco Dunand said.
LONDON The world's top trading houses, among the most nimble entities in oil, say even they aren't sure how to stay a step ahead of a coming cut in shipping fuel sulfur.
LONDON A rebalancing of the global oil market is under way helped by supply curbs led by OPEC, although the chance of big further gains in prices looks unlikely in the next year or so as tighter supply may not last, top trading firms told Reuters.
Seoul South Korea's Lotte Chemical Corp sees the global petrochemical market remaining 'stable to firm' out to 2020 thanks to low oil prices, but its chief executive wants to diversify the company's feedstock to help it cut costs.
LONDON Already record U.S. oil exports are set to surge further in the coming month as stored oil in one of the world's last areas of excess stockpiles pours into global markets, the chief executive of trading house Mercuria, Marco Dunand, said.
SINGAPORE The appeal of Indonesia's oil and gas sector is improving for some independent producers as the resource-rich nation scrambles to reduce its dependence on imports and fill a gap left by the exit of some producers, the head of GSS Energy told Reuters.
SINGAPORE Australian gas fields, clean energy in Singapore and blockchain solutions for retail electricity all form part of the plan of commodity merchant RCMA Group to expand its Asia-Pacific business, its head of energy told Reuters.
(This version of the Oct. 11 story, corrects headline to show that CME plans no more changes to cattle contract instead of that it declares victory over cattle market volatility. No changes to story.)
LONDON U.S. oil exports are pouring into the market at a record pace, but the world's second largest crude trader Glencore believes demand will be strong enough to absorb the volumes along with those from competitors in the North Sea and West Africa, thanks in part to China. U.S. oil exports hit an all-time high near 2 million barrels per day (bpd) last month, equal to the daily output of the entire North Sea, joining the fight for market share from Poland to India, but Glencore's
LONDON Glencore looks set to cement its position as the world's second-largest oil trader as it tries to offset low volatility and tight margins with record volumes this year, its global head of oil, Alex Beard, told Reuters.