CommodityTrading

Glencore Increases Middle East Oil Purchasing for Singapore's Bukom Plant

4 days ago

In a strategic move aimed at bolstering its operations, Glencore, the global commodity trading and mining company, has significantly ramped up its oil procurement from Middle Eastern sources for its Bukom oil refinery located in Singapore. This increase in buying activity reflects Glencore's efforts to enhance its supply chain resilience amid fluctuating global oil prices and shifting market dynamics.

Trafigura Faces Scrutiny Over Bribery Allegations Amidst Defense of Internal Controls

18 days ago

In a recent report, Trafigura, one of the world's largest commodity trading firms, has found itself at the center of a burgeoning scandal involving allegations of bribery and corruption. The company, which has built its reputation on the trading and logistics of commodities such as oil and gas, is now defending its internal controls during a period in which it was reportedly engaging in dubious practices, including the payment of bribes.

Trafigura Founder’s Family Denounces Swiss Trial as a Denial of Justice

1 month ago

In a dramatic turn of events, the family of Trafigura’s founder, Claude Dauphin, has vocalized strong objections regarding the Swiss trial concerning allegations of corruption related to oil trading. The trial, which has garnered significant attention within corporate and legal spheres, has prompted the family to argue that the proceedings exhibit blatant injustices that undermine the integrity of the Swiss judicial system.