TRAFIGURA GROUP
India's oil-demand growth set to outpace China, says Trafigura Group
India's oil demand is expected to surpass China's this year. This excludes China's strategic stockpiling. Urbanization and rising incomes are driving India's growth. China's crude consumption is slowing, except in petrochemicals. China's stockpiling supports global crude prices. Experts question if future demand can absorb increasing oil supply.
Government to ease petrol pump licensing norms, check details
The Indian government is considering further easing norms for setting up petrol pumps to boost energy security and promote decarbonization. An expert committee has been formed to review existing guidelines and align them with national commitments to alternative fuels and electric mobility.
Crude awakening for Nayara as geopolitics sounds alarm; symbol of Indo-Russian ties hit hard by West penalty
Nayara Energy, once a symbol of India-Russia cooperation, faces significant challenges due to sanctions and global disruptions following the Ukraine invasion. These hurdles impact its exports, finances, and expansion plans, forcing a shift towards domestic markets and alternative strategies. The company navigates leadership changes and infrastructure concerns amidst potential ownership restructuring.
Copper-laden ships race to reach US ahead of Trump’s 50% tariffs
A rush to deliver copper shipments to the US is underway as merchants try to avoid a looming 50% import tariff set to begin on August 1st. At least four ships are racing to US ports, including vessels from Australia and Latin America.
Russia's Rosneft Oil Company in early talks with Reliance to sell stake in India unit
Rosneft is in preliminary discussions with Reliance Industries for the sale of its 49.13% stake in Nayara Energy, which includes a major oil refinery and a vast network of petrol pumps in India. Reliance aims to become India's top oil refiner and significantly expand its fuel marketing presence through this acquisition.
Trump’s tariff threat sparks global race to get copper to the US
Trump's potential copper tariffs have created an opportunity for global traders, leading to increased shipments to the US. The price gap between US and international copper surged, driving exports from Asia and South America and impacting US copper buyers with higher costs and global inventory shortages.
- Go To Page 1
Oil’s hot summer is ending, posing risks for majors and OPEC+
Oil prices declined over 10% from July highs due to China's economic issues and anticipated American supply increases. OPEC+ confronts a tough choice on production levels as demand stabilizes but supply rises. The outcome impacts oil majors' profits and shareholder returns, presenting a crucial juncture for the global oil market.
Oil stocks in deep green amid Red Sea crisis. ONGC shares jump 8%
Oil stocks jumped up to 8% on Monday led by gains in state-run Oil & Natural Gas Corporation (ONGC) and market heavyweight Reliance Industries (RIL) on fuel supply concerns in the aftermath of a missile attack on a Trafigura-operated fuel tanker in the Red Sea.
Oil jumps 1% after Houthis attack on fuel tanker in Red Sea
Brent crude futures climbed 83 cents to $84.38 a barrel by 2341 GMT after hitting a session-high of $84.80. U.S. West Texas Intermediate crude rose 78 cents to $78.79 a barrel.
Vedanta Resources seeks to extend maturity of shorter-term bonds by 3 years
The company management also disclosed that, as part of its liability management exercise (LME), it would have limited cash available. It plans to pay $200 million to Trafigura to free up the security and use it to raise funds by securitising brand fee.
Foxconn pings other large business houses as Vedanta chip JV stalls
Vedanta Resources Ltd (VRL), the parent entity of vedanta limited recently raised $450 million from two of its principal rivals — Trafigura and Glencore to repay debt via pledging of equity, which analysts maintained underlines the dire financial situation of the promoters and their inability to tap more traditional sources of funding such as banks and private credit among others.
Vedanta parent raises $450 million from two rivals
VRL has raised $200 million in finance from commodities trading company Trafigura Group and $250 million from mining and natural resources company Glencore International AG.
Ending ties with Russia's Rosneft, Trafigura sells Nayara stake to Hara Capital Sarl
The deal size was not disclosed in the official statement. People involved in the transaction said Hara, a wholly owned subsidiary of Italian energy investment company, Mareterra Group Holding, paid $165.9 million or the book value of the stake, based on disclosures in Trafigura's last annual report.
Nayara Energy exports 80% of fuel to Asia, Africa; none to EU
Nayara, which operates a 20 million tonnes a year oil refinery at Vadinar in Gujarat, exported 4.46 million tonnes of petroleum products including diesel, jet fuel and gasoline from April 2022 to October 2022, a company spokesperson said.
India's Nayara Energy buys Urals after 1 year
Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a gap of a year, buying about 1.8 million barrels of Urals from trader Trafigura, two trade sources said and Refinitiv data shows.
India's Nayara buys Urals after a year; IOC books another three million barrels
On Wednesday Indian Oil Corp, the country's top refiner, also bought 3 million barrels of Russian oil via a tender for May loading from trader Vitol, traders said. This is the second purchase of Russian oil by IOC this month.
Sanctions may delay Rosneft's India ops expansion
Rosneft owns a 49% stake in Nayara Energy, which operates a 20 million tonnes a year refinery in Gujarat and more than 6,000 fuel retail outlets across India. Oil trader Trafigura and Russian investment group UCP are other shareholders in Nayara. Nayara didn't respond to ET's email seeking to understand the impact of sanctions on the company.
The shipping industry wants to be taxed for its carbon emissions
Several trade groups, representing more than 90% of the world’s merchant fleet, have submitted a proposal to shipping’s United Nations regulator calling for it to prioritize a carbon tax for the industry, the International Chamber of Shipping.
Oil traders made billions in 2019 as conflict shook the market
Consensus is that the industry benefited from a lucky mix of factors in the oil market.
Polycab India jumps 22% on market debut
The Rs 1,345 crore IPO, which was sold between April 5 and April 9, was subscribed 52 times.
Trafigura denied licence to operate fuel pumps in India
Geneva-headquartered company’s investment here not enough to make it eligible for a licence.
Calls for $100 crude oil are back: 'We’re nowhere near the end of this rally'
Oil has been rallying as worries about Iran sanctions, which kick in on November 4.
Nayara Energy raises Rs 2,400 crore to refinance short-term debt
Nayara Energy is an integrated oil refining and marketing company, operating India’s second largest single site refinery.
Nayara Energy raises Rs 2,400 crore via bonds
Nayara, owned by Russia's Rosneft and Trafigura-UCP, saw its Rs 1,500 crore issue being over-subscribed by 60%.
Lenders approve Rs 86,000-crore Essar Oil sale to Rosneft
With this Rs 86,000-crore transaction, which makes it the largest FDI inflow for the country, the company hopes to close the deal by early next month.
Rosneft deal: Billionaire Ruia brothers' stake in Essar Oil may fall below 10%
Rosneft to acquire 49%, Trafigura 24% at around $6-billion equity valuation; third investor likely; announcement expected at BRICS meet
Essar nears sale of $6.5bn refinery arm to Rosneft
The board of Rosneft, which signed a non-binding pact on the potential purchase in July 2015, plans to meet on October 13 to approve the transaction, according to the people.
Trafigura launches online refined metal retail store LYKOS
Currently, the primary metal commodities market in India is worth USD 8.4 billion, and is projected to grow at 5-8 per cent year on year.
Commodity company Trafigura to invest up Rs 1,800 crore in Lykos
The money will be used to set up warehouses, online trading platform, and to source metal from the producers.
Load More
