The Vault · 2026-03-26 12:57:24 · Bloomberg Markets
The trading division of French energy giant TotalEnergies SE has executed one of the largest single-month buying sprees of Middle Eastern crude oil on record. This aggressive procurement is directly contributing to surging prices in a market already under severe strain from a liquidity squeeze triggered by the ongoing ...
The Vault · 2026-04-07 18:56:54 · Bloomberg Markets
IXM Holding SA, a major global metals trader, is facing a significant leadership drain as Tom Mackay, its head of derivatives, becomes the latest senior executive to depart. This exit marks a continuation of a troubling trend, with several other high-level figures having left the company in recent months. The loss of a...
The Vault · 2026-04-09 18:57:06 · Bloomberg Markets
Two of the world's largest commodity traders, Glencore and Mercuria, are doubling down on long-term U.S. liquefied natural gas supply. The firms have agreed to significantly increase their LNG purchase commitments under 20-year deals tied to a major export terminal project in Louisiana, a move that signals deep confide...
The Vault · 2026-04-19 18:52:36 · Bloomberg Markets
The world's most powerful commodity traders are abandoning a core tenet of their business: political neutrality. After decades of operating as apolitical dealmakers, willing to trade with any regime, major firms are now actively courting former President Donald Trump, signaling a fundamental shift in how the industry m...
The Vault · 2026-04-21 04:52:58 · Bloomberg Markets
Commodity trading giant Mercuria Energy Group is moving to secure new funding lines in Asia, seeking at least $200 million in fresh financing. This push for liquidity comes as the broader industry faces a sharp increase in the cost of buying cargoes, a pressure point intensified by the ongoing war involving Iran. The m...
The Network · 2026-04-21 17:22:37 · Bloomberg Markets
Even as war erupted in the region at the end of February, global commodity trader Mercuria Energy Group managed to extract vessels through the critical Strait of Hormuz. This disclosure from the firm's co-founder and CEO signals a significant operational feat, highlighting the company's ability to navigate one of the w...