Citadel, a hedge fund giant, is reportedly looking to purchase US assets for shale production.
Citadel has been in talks with a?U.S. Five people with knowledge of the matter have confirmed that Citadel is considering expanding its?business into?physical assets. Four sources claim that Ken Griffin's firm was one of the bidders on WildFire Energy. The company was sold earlier this year by Warburg Pincus & Kayne Anderson. Magnolia Oil & Gas won the auction and agreed to purchase the Eagle Ford shale operator in South Texas, for $4.06 Billion.
Sources say that Glencore's exposure in Radiant World is more than $500 Million.
Radiant World is a company that Glencore, the London-listed miner and trader, has stopped doing business with. The exposure amounts to over half a billion US dollars, according to two sources who are familiar with the situation. Bloomberg reported that Vitol Group, Cargill, and other commodity traders have stopped trading with Radiant World - one of the largest iron ore dealers in the world - after finding invoices or documents they provided to banks to be 'invalid.
Bunge will supply soy oil to Acelen Brazil's sustainable aviation fuel project
Executives from both companies confirmed that Acelen Renovaveis - an energy company backed by Abu Dhabi’s Mubadala Capital - has signed a five year agreement with the agribusiness giant Bunge for 1.5 million metric tons of soy oil. The contract is to supply the oil as part of a project in Brazil’s Bahia State, which will produce sustainable aviation fuel (SAF) and a renewable diesel (HVO). Bunge has agreed to supply 300.000…
India's summer crops planting is lagging after a slow monsoon.
Indian farmers are behind on planting summer crops such as 'rice, cotton, soybeans and corn, due to a'slow start of the monsoon, which has resulted in below-average rainfall. India exports about 40% of the world's rice. The farmers of India begin planting summer crops between June and July, when the monsoon arrives. However, this year the rains arrived three days later in Kerala and their progress across the western farming regions was halted for two weeks.
Commodities trader Gunvor invests in a venture to purchase US natural gas production
Commodities trader Gunvor announced on Wednesday that it had provided financial support?to an executive team from the energy industry for their efforts to accumulate natural gas-producing assets in?top U.S. Shale basins. Gunvor confirmed through a spokesperson that it has backed Western Natural Resources. This is a private oil-and-gas producer based in Oklahoma City, which previously worked with asset manager KKR to develop energy production projects. Gunvor is increasing its exposure to U.S.
Arafura Australia says South Korea and Germany are exposed to a rare earths shortage.
The United States, Japan and Australia are locking down rare earths supply, leaving industrial giants Germany and South Korea vulnerable, according to the CEO of Australia’s Arafura Rare Earths. This company is currently negotiating final agreements for supply. The U.S. is leading a global push to diversify supply chains and secure new sources of supply after China, the world's largest producer of rare earths, placed export restrictions last year. This shook the automotive and defense industries.
Venture Global lowers its 2026 profit forecast due to the winter storm and LNG margin squeeze
Venture Global, a U.S.-based company that produces LNG, reported a core profit for 2026 below Wall Street's expectations due to the?impacts of Winter Storm Fern?and margin compression during?the first quarter. Last month, it was reported that the U.S. exports of natural gas liquefied in January fell to 11.3 mmt from 11.5 mmt during December due to a winter freeze which closed some plants and reduced output in others. As a result of the trend to sell LNG on long-term contracts…
Venture Global lowers its 2026 profit forecast due to the winter storm and LNG margin squeeze
Venture Global, a U.S. LNG company, forecast its 2026 core profit to be?below Wall Street's expectations on Monday. This was due to the?impacts of Winter Storm Fern as well as margin compression during the first quarter. Last month,?reported that?exports?of liquefied gas from the U.S. dropped to 11.3 million tonnes in January from 11.5 mmt during December due to a winter freeze which closed some plants and reduced output in others.
Steve Cohen's Point72 has hired a Castleton veteran trader to help with commodities, according to sources
Three sources told us that Steve Cohen's hedge fund Point72 Asset Management hired Ryan Sheffler to be its natural gas portfolio manager in order to expand the commodities trading desk. Point72 is one of the few large hedge funds that has not yet built a commodities business. It has been pushing into this space in recent weeks. Citadel, Millennium and other investment firms have made huge profits due to the extreme volatility of commodity prices.
Glencore earned less money from energy sales despite selling more oil for the third consecutive year
The annual earnings of the commodity trader, mining group Glencore showed that it traded more oil in 2013 but made less money?from energy trading? for the third consecutive year. The company stated that "Energy coal and steelmaking coking coal faced a more subdued climate." The company said that "well-supplied markets and geopolitical uncertainties, as well as softer sentiments" affected performance. Glencore announced slightly…
Glencore returns $2 billion to its shareholders despite earnings decline
Glencore, the commodity trader and miner, announced its results for '2025 on Wednesday. This was just weeks after Rio Tinto, a larger rival, failed to make a takeover offer. The talks to create a global mining giant worth $240 billion were halted earlier this month due to valuation and ownership disagreements. This highlights the challenges faced by diversified miners who are trying to scale up in order to meet the rising demand for essential minerals.
Lukoil Declares Force Majeure in Iraq as Operations Strain Under US Sanctions
Lukoil declared force majeure at its Iraqi oil field, sources told Reuters on Monday, and Bulgaria was poised to seize its Burgas refinery, as the Russian company's international operations buckled under the strain of U.S. sanctions.The force majeure at the West Qurna-2 field in Iraq marks the biggest fallout yet from the sanctions imposed on Russian oil majors Lukoil and Rosneft last month as part of U.S. President Donald…
Glencore stops major investment in Quebec smelter over dispute with emissions rules
Glencore announced on Tuesday that it had suspended nearly $1 billion in planned investments at the Horne Smelter - Canada's biggest copper - metal producing operation – after failing to obtain regulatory certainty from Quebec. Glencore, a London-listed mining company, announced in November last year that it was closing the facility because of environmental concerns and the need for large investments. Glencore announced in…
Lukoil Struggles to Maintain Overseas Operations Amidst Sanctions
Russian oil major Lukoil is struggling to keep operations running at its sprawling foreign businesses as Western sanctions disrupt oil loadings in Iraq, pump stations in Finland and trading in Switzerland, sources said.The United States and the United Kingdom last month imposed sanctions on Russia's second-largest oil company, complicating how it carries out its normal operations.The U.S. Treasury Department issued a licence giving companies until November 21.
Gunvor considers US energy push, which could strengthen Washington ties
Sources familiar with the situation said that Gunvor, a commodity trader, has been in active discussions to invest into U.S. oil and gas producing assets. This could help to repair relations with the Trump Administration after the fallout of Gunvor's attempt to purchase the foreign assets of the sanctioned Russian company Lukoil. Gunvor dropped its offer to purchase Lukoil assets after the U.S. Gunvor was interested in increasing its U.S.
Glencore reduces Century Aluminum stake from 33% to 33% following tariff-driven rally
Glencore cut its stake in Century Aluminum from 10% to 33%. This has resulted in millions of dollars in profit following the share price rally that was sparked by U.S. Tariffs on Aluminium Imports. On June 4, U.S. president Donald Trump increased the tariffs on aluminum imports from 25% to 50% in order to encourage investment in the production of this metal in the United States. The largest shareholder in Century is Glencore, a London-listed company.
Lukoil to Sell International Assets
Russia's Lukoil is selling its international assets after the U.S. imposed sanctions on the company.Washington refused to approve the sale of assets to Swiss commodity trader Gunvor, throwing Lukoil's operations in disarray and leading to a scramble of potential buyers.The U.S. Treasury cleared potential buyers to talk to Lukoil until December 13. They will need separate approval for specific deals. U.S. oil major Chevron is studying options to buy some global assets of Lukoil, sources have said. U.S.
Sources say that RPT-Gunvor is weighing the US energy push, which could strengthen Washington ties.
Sources familiar with the situation said that Gunvor, a commodity trader, has been in active discussions to invest into U.S. oil and gas producing assets. This could help to repair relations with the Trump Administration after the fallout of Gunvor's attempt to purchase the foreign assets of the sanctioned Russian company Lukoil. Gunvor dropped its offer to purchase Lukoil assets after the U.S. Gunvor was interested in increasing its U.S.
Congo tightens its grip on cobalt by imposing new export restrictions
According to a government document reviewed by, the Congo has introduced new conditions for exporters of cobalt. This could complicate a recently implemented quota system, as the country tries to maintain a tight hold on this key mineral. Circular shows that the new conditions include, among others, pre-paying a 10% royalty in 48 hours, and obtaining a certificate of compliance. In October, the Democratic Republic of Congo introduced a quota-based system to replace a long-standing export ban.
Deep-sea Mining Company seeks international permit in accordance with new Trump rules
The Metals Co became the first deep sea miner on Thursday to apply for Washington's permission?to mine?the international oceanbed, under a new streamlined permit process that was introduced this week. Deep-sea mines have the potential to produce large quantities of minerals for electric vehicles and energy transition. However, the debate about the possible environmental damage has been dragging on for decades and has prevented licenses from being issued. On 'Wednesday, the U.S.