Hints and tips:
...In July 2022, GTS Investments BV agreed to sell a 40 per cent stake in GTS to a Dubai-based company ultimately controlled by Troost, a 30-year veteran of the oil trading industry....
...The overall direction is clear: Europe is also seeing a huge shift away from phone lines and Bloomberg messages and towards algorithmic trading on various electronic platforms....
...“Hong Kong is desperate to rebuild and catch up with Singapore,” Alex Au, co-founder of the city’s Digital Asset Society, told Nikkei Asia’s Pak Yiu....
...Rosneft, which has been hampered from developing its own trading operations by US sanctions, has long fostered relationships with big trading houses that covet the large-scale supplies the company can give...
...Since the UK left the EU single market and customs union on January 1, the Financial Times has been tracking the fortunes of three small businesses as they adapt to new trading rules outlined in the Brexit...
...What happened next is well documented: outbreaks started to spread in Europe and by the middle of March countries around the world were locking down to ward off the pandemic....
...For those familiar with Mr Windhorst’s ventures, Trent Petroleum Finance BV is the new name for what was previously Centrics Oil & Gas Finance BV....
...Gas trading was also a success as the company bet against prices in Europe, which declined sharply as supplies of liquefied natural gas boomed....
...It will also place further pressure on the commodity trading industry, which has been hit by a series of series of corruption investigations and allegations involving intermediaries and middlemen....
...CCL’s current Price/BV stands at 0.39x, vs an average P/BV of 1x over the last year and a longer term average of 1.45x. On our TP, the implied P/BV is 0.50x....
...Still, Vitol has not lost its knack for oil trading....
...“All commodity trading firms will have to review their business models.”...
...Glencore, a top-three oil trading house and miner has aligned with Carlyle Group, the US private equity firm. Vitol and Glencore had already been shortlisted last summer....
...However, if the US suffers in April the same stress as China in February and South Korea and Europe in March, then even a 30% DAX earnings decline scenario with a DAX P/BV ratio of 0.8x and a DAX 7,000 index...
...But it is also keen to diversify its earnings and has been trading agricultural commodities for several years....
...of its ambitions to become one of the top independent exploration and production companies in Europe....
...He was replaced as chief executive by Russell Hardy, formerly the company’s head of Europe, Middle East and Africa. A person close to the company confirmed the appointment. Vitol declined to comment....
...However, plans to float Varo Energy, a fuels business in western Europe, were scrapped because of volatile market conditions and a lack of investor interest....
...Shares in Moneta were down 0.85 per cent in morning trading in Prague at Kcs81.30....
...With a few exceptions, it has been a good year to be an investor in the shares of companies at the heart of global markets trading....
...The company’s new CEO is Russell Hardy — the group’s head of operations across Europe, Middle East and Africa....
...Varo, which is jointly controlled by Vitol and private equity company Carlyle Group, owns two refineries in north-west Europe as well as 144 fuel distribution facilities and 232 retail outlets....
...But Mr Taylor said Vitol had no plans to start trading aluminium, copper or zinc. “You need proper scale, you can’t dabble in it,” he said, referring to metals trading....
...He was a major funder of the campaigns to keep Scotland in the union and the UK in Europe....
...Profit before tax will therefore be towards the lower end of the guidance range of £80m to £85m in spite of trading in Europe and Asia remaining in line with expectations, the soap maker said....
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