The facility can hold as much as 10 million barrels of oil. In the past, it has been a key storage point for extra oil when there was too much supply, allowing traders to profit by holding oil and selling it later at higher future prices. w/Paul Burkhardt bloomberg.com/news/articles/…

After all that - no tariff on copper cathodes imported into the US… whitehouse.gov/fact-sheets/20…

COMMODITY TRADING: Touton SA, based in the French town of Bordeaux, has hired bankers for a potential sale. Touton is a medium-size player in the highly specialised cocoa and coffee sector. In cocoa, it ranks as the world’s top-6 trader. Isis Almeida bloomberg.com/news/articles/…

Took a look at the massive battery farms that commodity traders are pouring money into in Europe as renewables put grids under strain and power prices increasingly turn negative. w/Will Mathis bloomberg.com/news/articles/…

Oil traders are finding it harder to make money in a market whipsawed by tariffs and war, writes Archie bloomberg.com/news/newslette…

An expected move by the world’s top oil-producing nations to once again increase output will set the tone for Asia’s biggest gathering of oil executives this week, with chatter about looming oversupply certain to dominate conversations bloomberg.com/news/articles/…

Glencore and Trafigura have a new rival in old-fashioned metals trading: ultra-modern quants. Read how Squarepoint is competing head-to-head with industry giants. Story with Archie & Julian Luk bloomberg.com/news/articles/…

Bite into Mars or Hershey chocolate, chances are its raw product was made by Barry Callebaut - a secretive company that processes >20% of the world's cocoa. Dug into how the co is trying to work it's way out of crisis w/ Paula Doenecke & Mumbi Gitau Grace bloomberg.com/news/features/…

Mercuria Energy Group Ltd.’s new metals division is up by around $300 million in trading profits so far this year, as the firm accelerates its return to the sector after years focused on oil and gas. Alfred Cang Jack Farchy bloomberg.com/news/articles/…

Oaktree Capital is in talks to sell a minority stake in Hartree Partners, the #commodity house it first invested in a decade ago and has since helped grow into a global trading powerhouse. W/ ⁦Archie⁩ ⁦Todd Gillespie⁩ ⁦Jack Farchy⁩ bloomberg.com/news/articles/…

Meet the obscure commodity trader whose breakneck rise has put the global iron ore market on edge and drawn the attention of the Chinese state Alfred Cang Archie Katharine Gemmell bloomberg.com/news/articles/…

COMMODITY TRADING: The world’s metal traders are enjoying their most profitable ever year in 2025. “There have been some phenomenal opportunities,” Kenny Ives, the boss of IXM, the third-largest metals trader, said. Archie Jack Farchy Alfred Cang bloomberg.com/news/articles/…

What a week! Gunvor Scraps Lukoil Deal After US Calls It Kremlin ‘Puppet’ bloomberg.com/news/articles/…

International banks agreed to provide Gunvor with $2.4 billion in credit, with the announcement coming less than a day after the US Treasury called the company “the Kremlin’s puppet” and blocked its pursuit of Lukoil's international assets. bloomberg.com/news/articles/…

Swiss metals trader Mercuria & US Development Finance Corp.-backed Techmet are talking about developing a prized coltan project, Rubaya, currently controlled by M23 rebels, if the Trump administration can broker a peace deal bloomberg.com/news/articles/…

Tether Hires Top HSBC Gold Traders to Take on Bullion Market bloomberg.com/news/articles/…

BREAKING: US Treasury Secretary Scott Bessent praises Spanish bank Santander from pulling its credit lines from oil trader Gunvor. The message comes a day after Gunvor announced a management buy-out. The Santander-Gunvor story is here: bloomberg.com/news/articles/…

US Treasury Secretary Scott Bessent said that Banco Santander “set a good example,” by pulling out of credit agreements with the trading house Gunvor bloomberg.com/news/articles/…

China’s state-backed iron ore buyer is proposing measures to curb hoarding of the steelmaking ingredient at ports, in a move that could dent the pricing power of foreign miners and traders bloomberg.com/news/articles/…