Podcasts about Trafigura

Today, we're diving into a part of the climate transition that doesn't get nearly as much attention as solar panels, electric vehicles, or AI: the materials, minerals, and manufacturing systems that make modern civilization possible. Steel alone accounts for roughly 7–8% of global greenhouse gas emissions, and the energy transition is driving unprecedented demand for critical minerals, advanced materials, and domestic manufacturing capacity. These sectors offer incredible investment opportunities, and that's the focus of my guest, Kavita Patel. Kavita is a portfolio manager for venture investment for MUUS & Company (MUUS), the family office of TIGER 21 Founder and Chairman, Michael Sonnenfeldt, and his family.We discuss opportunities ranging from critical mineral recycling to next-generation building materials, what she's learned investing through the ups and downs of climate tech, and why she believes some of the most compelling opportunities today may be hiding in sectors many investors overlook.We also explore where climate capital is flowing, where it may be underinvesting, and how investors can think rigorously about both financial returns and real-world climate impact.I learned a lot from this conversation, and I think you will too. Here we go. On today's episode, we cover:01:12 – Introducing guest: Kavita Patel of MUUS & Company02:35 – Kavita's background and path into climate investing05:24 – From BlackRock and ESG to climate venture07:19 – What is MUUS & Company? Climate thesis and focus areas09:35 – Why critical minerals, materials, and domestic manufacturing11:30 – Is materials & mining underhyped for investors? Market overview13:17 – Venture timelines in hardware and industrial innovation15:13 – Portfolio example #1: Nth Cycle's critical minerals recycling18:28 – Mining's environmental impact and why focus on recycling20:08 – Portfolio example #2: InventWood as a low‑carbon steel replacement22:53 – No green premium: solving top pain points in B2B climate tech23:03 – Where climate capital is flowing vs. where it should go25:22 – What Kavita has learned from founders through market cycles29:01 – Common fundraising pitfalls for climate founders32:20 – Building the capital stack: partners, family offices, and non‑dilutive capital35:15 – Measuring impact: MUUS' use of the Crane tool38:16 – Closing thoughts Resources MentionedMUUS & Company (MUUS)TIGER 21Nth Cycle (critical minerals refining & recycling)Trafigura (metals & commodities trading group)InventWood (wood-based high‑performance material)CRANE – Carbon Reduction Assessment for New EnterprisesInternational Energy Agency (IEA)Connect with usKavita PatelJason RissmanKeep up with Invested In ClimateSign up for our NewsletterSubscribe for our Other Future NewsletterLinkedInInstagramIf you like what you hear, subscribe and rate to support the show! Have feedback or ideas for future episodes, events, or partnerships? Get in touch!

We have new drill results from Onyx Gold, Gladiator Metals and Bonterra Resources this morning. New drill programs are kicking off form Fortune Bay and Alaska Silver. Silver X Mining has acquired a 100% interest in the Ccasahuasi Gold Property in Peru.This episode of Mining Stock Daily is brought to you by... ⁠⁠⁠⁠⁠⁠⁠⁠Revival Gold ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Vizsla Silver⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Equinox Gold⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Integra Resources ⁠⁠⁠⁠⁠⁠⁠⁠

En 2005, la société multinationale Trafigura décide d'étendre son activité vers la vente de carburant ; une activité qui peut être très lucrative en dépensant le moins possible dans l'achat de matières premières. Ainsi, elle acquiert de grandes quantités de naphta de cokéfaction, un produit liquide, huileux, très instable et particulièrement fort et désagréable à l'odeur. Pour le transformer, il nécessite des installations spécifiques, des procédures lourdes, et surtout, des déchets dangereux. En optant pour le "lavage à la soude caustique", un procédé consistant à mélanger le produit pétrolier à une solution alcaline pour réduire sa teneur en souffre, la société cherche des lieux où les contrôles sont moins stricts...⭐️ Abonnez-vous à MINUIT+ pour écouter nos épisodes en avance et sans publicité → https://m.audiomeans.fr/s/S-pSlDfzMxCatastrophes • Histoires Vraies est un podcast produit par MINUIT. Narration : Florent OulliéScript : Yann Kral Hébergé par Audion. Visitez https://www.audion.fm/fr/privacy-policy pour plus d'informations.

This interview is disseminated on behalf of LaFleur Minerals, Inc. (CSE: LFLR | OTCQB: LFLRF | FSE: 3WK0). LaFleur Minerals CEO Paul Ténière discusses the CA$30 million non-dilutive prepayment facility proposed terms from Trafigura, the ongoing refurbishment of the Beacon Gold Mill, and the company's objective to establish a regional processing hub in Quebec's Val d'Or region.Learn more: https://lafleurminerals.comWatch the full YouTube interview here: https://youtu.be/stMbx5e6X_MAnd follow us to stay updated: https://www.youtube.com/GlobalOneMedia 

Inflation surprises to the downside. Tax package heads to House. Qalaa plots NRPM IPO. Trafigura tries on a new role. We want to hear from you! You can fill in our survey here. Morning Drive is your daily download of the essential headlines shaping Egypt. From business policy and finance to the latest in tech, all in under 10 minutes. Hosted by ‘Synthetic Salma’ — an AI-powered version of our own Executive Editor Salma El-Saeed. You can read the full newsletter on the website. Morning Drive is brought to you by: Madinet Masr GRANITE Financial Holding Bonyan for Real Estate Investments And check out our other show Making It, where we speak to CEOs and entrepreneurs about building a great business in the region.See omnystudio.com/listener for privacy information.

El sector del transporte de cisternas denunció un supuesto “monopolio” en el traslado de combustible atribuido a la empresa Trafigura, lo que, según afirman, los mantiene sin trabajo desde enero. Asimismo, exigieron la suspensión inmediata de Medlog Trucks, a la que acusan de incurrir en competencia desleal.

There's no shortage of uncertainty and change in the world these days, which is why it's a frequent topic on Redefiners. This is especially true in the world of commodities, as perhaps no other industry has to deal with the level of uncertainty and volatility that comes with the global trade of energy, metals, and minerals. Trafigura Chairman Jeremy Weir joins Clarke Murphy and Marla Oates to discuss how he scaled the employee-owned company during his time as CEO to become one of the world's leading commodities groups. Jeremy talks about how he identified and developed leaders and talent to manage that growth while staying ahead of constant volatility and change. He shares insights from his transition into the CEO role, and how he's shifted his leadership style as Chairman to help the company and the next CEO succeed. He also talks about how AI is being used at Trafigura to reshape the business and where they're placing the biggest bets. We'll also hear from Dee Symons, a leadership advisor at Russell Reynolds Associates, who will share her perspective on how leaders can respond effectively in times of uncertainty. Four things you'll learn from this episode: Preparing for a transition to a CEO and board role Ways to identify and develop leaders and talent during times of rapid growth Decision-making during volatile and uncertain times Making big bets with AI and how to manage the risksIf you enjoyed this episode, you might also like these Redefiners episodes: Digging Deep: Leadership, Growth & Risk with BHP CEO Mike Henry Leadership Lounge: How New CEOs Build Productive Relationships With Their Board From Chaos to Clarity: How Bain Capital's John Connaughton Leads Through Volatility Leadership Lounge: How to Build a Top-Performing C-suite – The Leadership Blueprint for Sustained High Performance The Only Certainty Is Change: Nasdaq CEO Adena Friedman on AI, Innovation & Market Evolution Leadership Lounge: From Firefighting to Future-Building: How Leaders Can Master Perpetual Transformation A closer look at the research from this episode: Global CEO Turnover Index Global Corporate Governance Trends for 2026

Avec la guerre, l'industrie pétrolière américaine tire profit de la vente de naphta, un dérivé, utilisé comme diluant, qui sert de base pour le secteur de la pétrochimie. Le naphta entre dans la composition aussi bien des adhésifs et des mastics, que des emballages. Mis à part ce qui est exporté par l'Iran, plus aucun baril de naphta ne sort du Golfe persique. Les chiffres du mois de mars montrent en parallèle une hausse des exportations des États-Unis. Au mois de mars, les États-Unis ont exporté environ 15 millions de barils de naphta, selon les données du cabinet de suivi maritime Kpler, soit un record absolu en un mois. Après trois semaines de guerre au Moyen-Orient, l'organisation France Chimie dénombrait 107 sites chimiques en Asie qui avaient annoncé que leur production serait perturbée en raison de « difficultés d'approvisionnement en naphta ». Ce chiffre a dû grimper depuis. Parmi les pays directement concernés, il y a le Japon, qui dépend à 60% des importations et qui se fournissait à 70% dans les pays du Golfe, selon l'Association japonaise de l'industrie pétrochimique, citée par l'agence Bloomberg. La tension sur le marché a fait bondir localement les prix de plus de 70% et a obligé les industriels japonais à multiplier les commandes aux États-Unis. Le pays achète désormais plus de 60 000 barils par jour aux producteurs américains, un niveau qui n'avait pas été vu depuis décembre 2021. La Première ministre Sanae Takaichi a cependant assuré, le 5 avril sur X, que le pays disposait de quatre mois de consommation. Le Venezuela, un acheteur qui pèse à nouveau Le Venezuela contribue aussi aux bonnes affaires des exportateurs états-uniens. Le pays a en effet besoin de naphta pour diluer son pétrole lourd et le rendre plus liquide afin de le transporter et l'exporter. Les sanctions américaines interdisaient d'expédier du naphta au Venezuela, mais l'arrestation de Nicolas Maduro, le 3 janvier, a changé la donne. Les traders Vitol et Trafigura ont obtenu le droit de vendre du diluant produit sur le sol américain au géant pétrolier d'Amérique latine. Depuis, 90 000 barils de naphta par jour sont expédiés en moyenne, précise Homayoun Falakshahi, chef analyste pétrole auprès du cabinet Kpler. Des prix incitatifs pour les producteurs américains Les États-Unis ont-ils les moyens de fournir la nouvelle demande des importateurs ? Ils sont devenus exportateurs nets de naphta depuis une dizaine d'années. Leurs exportations ont augmenté grâce au développement de l'exploitation de pétrole de schiste dans l'ouest du Texas et au Nouveau-Mexique. Ces gisements produisent en effet du brut que l'on qualifie de « léger », idéal pour la production de naphta.   La hausse des cours du brut est une incitation à produire plus de pétrole, et en particulier de pétrole de schiste selon Mike Sommers, directeur général de l'American Petroleum Institute, un groupe de pression du secteur pétrolier, interviewé par Bloomberg Television. Ce qui entraînera par ricochet une augmentation de naphta. La forte demande mondiale a déjà fait s'envoler les cours. Ils ont progressé de 30% sur un mois et de plus de 80% sur l'année écoulée.  Les États-Unis exportent en moyenne 300 000 barils par jour, contre 1,05 millions barils pour le Moyen-Orient avant la guerre, précise Homayoun Falakshahi. De quoi alimenter la concurrence chez les acheteurs.   À lire aussiLe naphta russe, victime collatérale des ambitions américaines au Venezuela

En 2005, la société multinationale Trafigura décide d'étendre son activité vers la vente de carburant ; une activité qui peut être très lucrative en dépensant le moins possible dans l'achat de matières premières. Ainsi, elle acquiert de grandes quantités de naphta de cokéfaction, un produit liquide, huileux, très instable et particulièrement fort et désagréable à l'odeur. Pour le transformer, il nécessite des installations spécifiques, des procédures lourdes, et surtout, des déchets dangereux. En optant pour le "lavage à la soude caustique", un procédé consistant à mélanger le produit pétrolier à une solution alcaline pour réduire sa teneur en souffre, la société cherche des lieux où les contrôles sont moins stricts...

What if the world's next breakthrough in sustainable aviation fuel started with 14,000 cows on a Uruguayan dairy farm?In this episode of F+L Webcast, host Vicky Villena-Denton speaks with Trevor Best, CEO and co-founder of Syzygy Plasmonics — the company behind the world's first light-driven chemical reactor and the first commercial production of SAF from biogas.Built on more than two decades of nanophotonics research from Rice University, Syzygy's technology uses renewable electricity and photocatalysis to convert cattle manure into ASTM-compliant, ISCC-certified sustainable aviation fuel — trade-named NovaSAF™ — with 90% lower lifecycle carbon emissions than conventional jet fuel.Trevor walks us through the full story: a name inspired by a solar eclipse, four failed startups, 80 evaluated ideas before finding the one that refused to die, and a 4-step process that takes biogas all the way to synthetic paraffinic kerosene. He also breaks down why they chose Uruguay for NovaSAF-1, how a six-year binding offtake deal with Trafigura validates the technology, and the three-step roadmap to jet fuel price parity within a decade.First commercial fuel is targeted for early 2028. The clock is ticking. Subscribe and hit the bell so you never miss an episode. Sign up at fuelsandlubes.com#SustainableAviationFuel #SAF #CleanEnergy #Biogas #EnergyTransition #FuelsAndLubes #FLWebcast #SyzygyPlasmonics #NovaSAF

Rassegna stampa economico-finanziaria del 12 Marzo 2026, strutturata per macro-temi e basata sulle principali testate giornalistiche nazionali. Investimenti e MercatiTestate: Corriere della Sera / Il Messaggero / Il Sole 24 Ore / MF / Italia Oggi * Mercato dei Capitali Italiano: Nel 2025 il mercato azionario ha registrato una performance positiva tra le migliori in Europa per volumi e liquidità. Tuttavia, il listino rimane fortemente concentrato: le prime 10 società rappresentano circa il 55% della capitalizzazione totale. Si registra un'assenza di nuove IPO sul mercato principale e il proseguimento dei delisting. * Real Estate Roma: La Capitale registra una crescita annuale degli investimenti immobiliari del 13,5%. Tra residenziale, retail e hospitality, gli investimenti superano gli 11 miliardi di euro. * Performance Economica Nazionale: L'Italia guida la crescita post-Covid nel "G7 dell'Eurozona" con un aumento del PIL pro capite del +7,8% tra il 2019 e il 2025. Le vendite all'estero (export) sono cresciute di quasi il 50% nel decennio 2015-2025. * KPI Finanziari e Target:   * PIL Metropolitano Roma: 200 miliardi di euro.   * Piano Investimenti Roma 2028: 8 miliardi di euro stanziati per trasporti, rigenerazione urbana, cultura e sport.   * Patrimonio Rigenerabile: 11 km² di superficie con un valore potenziale di 22 miliardi di euro.Industria e AutomotiveTestate: Corriere della Sera / La Stampa / Il Messaggero / Repubblica * Ponte sullo Stretto: Il progetto subisce una frenata tecnica; la Ragioneria dello Stato ha imposto che l'iter proceda senza nuovi o maggiori oneri per la finanza pubblica, confermando il tetto di 13,5 miliardi di euro già stanziati. Il Mit dovrà utilizzare risorse già disponibili a legislazione vigente. * Settore Marittimo e Logistica: Confitarma e Alis lanciano l'allarme per la crisi nello Stretto di Hormuz, dove transita il 20% dell'offerta energetica globale. Il rischio coinvolge 30.000 marittimi, molti dei quali italiani. * Riforma del Mercato (TUF): Il sottosegretario Freni avverte sui rischi di "lungaggini burocratiche" che potrebbero affossare la riforma del Testo Unico della Finanza.Fisco e NormativaTestate: Il Sole 24 Ore / Corriere della Sera / Repubblica / Il Tempo * Accisa Mobile e Carburanti: Il governo valuta l'attivazione del meccanismo di "accisa mobile" (Legge di Bilancio 2008) qualora il prezzo superi i 2 euro al litro per 5 giorni consecutivi. Tuttavia, l'attuale extragettito IVA è stimato in soli 75 milioni di euro al mese (lo 0,0015% della spesa totale), rendendo possibili sconti di soli 2-4 centesimi al litro. * Enti Locali in Crisi: La Corte dei Conti segnala che 487 Comuni (6,1% del totale) sono in stato di dissesto o predissesto, con un debito complessivo che supera gli 8 miliardi di euro. * KPI Fiscali:   * Diesel in Autostrada: Ha toccato i 2,6 euro al litro.   * Ipotesi Taglio: Si ipotizzano riduzioni di circa 3 euro su 50 euro di spesa.Banche e CreditoTestate: La Stampa / Il Sole 24 Ore / Il Foglio * Politica Monetaria: Confindustria preme sulla BCE per evitare nuovi rialzi dei tassi entro dicembre, definendoli "gravi" per la tenuta del debito italiano. * Linee di Credito Energy: I grandi trader petroliferi (Vitol, Trafigura) hanno richiesto alle banche nuove linee di credito per circa 7 miliardi di dollari per far fronte alla volatilità dei prezzi e all'aumento delle assicurazioni marittime.Energia e GeopoliticaTestate: Il Sole 24 Ore / Corriere della Sera / Repubblica / La Stampa * Crisi del Golfo: La produzione di greggio nella regione è quasi dimezzata (tagli stimati tra 6,2 e 6,9 milioni di barili al giorno) a causa degli attacchi. Il Brent mostra una volatilità estrema, oscillando tra un minimo di 81 dollari e un massimo di 119,50 dollari. * Strategia Nucleare: La Commissione UE propone una strategia per i piccoli reattori modulari (SMR) con l'obiettivo di renderli operativi entro l'inizio degli anni '30. L'Italia partecipa tramite la società costituita nel 2024 tra Enel, Ansaldo e Leonardo. * Meccanismo ETS: La premier Meloni ha richiesto formalmente all'UE la sospensione temporanea del meccanismo di tassazione del carbonio (ETS) per calmierare i prezzi dell'energia. Bruxelles ha espresso un orientamento negativo sulla proposta. * KPI Energetici:   * Scorte Gas Italia: 8 miliardi di metri cubi (circa il 46,1% della capacità di stoccaggio), tra i livelli più alti d'Europa.   * Import Petrolio 2024: L'Italia ha importato greggio per un valore di 46 miliardi di dollari.   * Dipendenza UE: L'80% dell'energia europea proviene attualmente da paesi extra-UE.Lavoro e FormazioneTestate: Il Sole 24 Ore / Il Messaggero / La Stampa * Rinnovo Contratti Statali: La bozza del contratto 2025/27 prevede aumenti mensili lordi da 119,6 euro (operatori) fino a 208,8 euro (elevate qualificazioni). L'aumento medio a regime è stimato in 158,23 euro al mese. * Intelligenza Artificiale e Academy: Accordo tra Luiss e Google per l'integrazione dell'AI nella didattica, con lo sviluppo di assistenti virtuali per la ricerca e il ragionamento giuridico. * Governance Universitaria: Emendamenti al decreto PNRR propongono il mandato doppio (5+5 anni) per i rettori delle università statali, allineandoli alle private.Executive Takeaway (Insight C-suite) * Resilienza e Primato Economico: Nonostante lo scenario geopolitico instabile, l'Italia conferma un primato di crescita nel G7 dell'Eurozona (+7,8% PIL pro capite post-Covid), sostenuta da un export estremamente dinamico (+50% in dieci anni). * Asset Strategico Roma: La Capitale si posiziona come hub primario per il Real Estate e l'Innovazione, con una pipeline di 8 miliardi di euro di investimenti infrastrutturali al 2028 e un forte interesse delle Big Tech internazionali. * Transizione Energetica come Sicurezza: Il focus si sposta sul nucleare di nuova generazione (SMR) e sull'autonomia energetica per proteggere la competitività manifatturiera dai costi fuori controllo dell'import (46 miliardi di $ nel 2024). * Efficienza Amministrativa e Riforme: La sfida cruciale per l'industria risiede nella "messa a terra" delle riforme (TUF e PNRR), dove la semplificazione burocratica è identificata come il principale driver per sbloccare la competitività del mercato dei capitali. * Stabilità e Welfare Contrattuale: Il rapido avanzamento dei rinnovi nel pubblico impiego (324 euro medi totali maturati in 18 mesi) e l'integrazione dell'AI nei processi formativi segnalano un investimento sistemico sul capitale umano e sulla digitalizzazione delle competenze.

Rassegna stampa economico-finanziaria dell'11 Marzo 2026, strutturata per macro-temi e basata sulle principali testate giornalistiche nazionali.Investimenti e MercatiTestate: Corriere della Sera / Il Messaggero / Il Sole 24 Ore / MF / Italia Oggi * Mercato dei Capitali Italiano: Nel 2025 il mercato azionario ha registrato una performance positiva tra le migliori in Europa per volumi e liquidità. Tuttavia, il listino rimane fortemente concentrato: le prime 10 società rappresentano circa il 55% della capitalizzazione totale. Si registra un'assenza di nuove IPO sul mercato principale e il proseguimento dei delisting. * Real Estate Roma: La Capitale registra una crescita annuale degli investimenti immobiliari del 13,5%. Tra residenziale, retail e hospitality, gli investimenti superano gli 11 miliardi di euro. * Performance Economica Nazionale: L'Italia guida la crescita post-Covid nel "G7 dell'Eurozona" con un aumento del PIL pro capite del +7,8% tra il 2019 e il 2025. Le vendite all'estero (export) sono cresciute di quasi il 50% nel decennio 2015-2025. * KPI Finanziari e Target:   * PIL Metropolitano Roma: 200 miliardi di euro.   * Piano Investimenti Roma 2028: 8 miliardi di euro stanziati per trasporti, rigenerazione urbana, cultura e sport.   * Patrimonio Rigenerabile: 11 km² di superficie con un valore potenziale di 22 miliardi di euro. Industria e AutomotiveTestate: Corriere della Sera / La Stampa / Il Messaggero / Repubblica * Ponte sullo Stretto: Il progetto subisce una frenata tecnica; la Ragioneria dello Stato ha imposto che l'iter proceda senza nuovi o maggiori oneri per la finanza pubblica, confermando il tetto di 13,5 miliardi di euro già stanziati. Il Mit dovrà utilizzare risorse già disponibili a legislazione vigente. * Settore Marittimo e Logistica: Confitarma e Alis lanciano l'allarme per la crisi nello Stretto di Hormuz, dove transita il 20% dell'offerta energetica globale. Il rischio coinvolge 30.000 marittimi, molti dei quali italiani. * Riforma del Mercato (TUF): Il sottosegretario Freni avverte sui rischi di "lungaggini burocratiche" che potrebbero affossare la riforma del Testo Unico della Finanza.Fisco e NormativaTestate: Il Sole 24 Ore / Corriere della Sera / Repubblica / Il Tempo * Accisa Mobile e Carburanti: Il governo valuta l'attivazione del meccanismo di "accisa mobile" (Legge di Bilancio 2008) qualora il prezzo superi i 2 euro al litro per 5 giorni consecutivi. Tuttavia, l'attuale extragettito IVA è stimato in soli 75 milioni di euro al mese (lo 0,0015% della spesa totale), rendendo possibili sconti di soli 2-4 centesimi al litro. * Enti Locali in Crisi: La Corte dei Conti segnala che 487 Comuni (6,1% del totale) sono in stato di dissesto o predissesto, con un debito complessivo che supera gli 8 miliardi di euro. * KPI Fiscali:   * Diesel in Autostrada: Ha toccato i 2,6 euro al litro.   * Ipotesi Taglio: Si ipotizzano riduzioni di circa 3 euro su 50 euro di spesa.Banche e CreditoTestate: La Stampa / Il Sole 24 Ore / Il Foglio * Politica Monetaria: Confindustria preme sulla BCE per evitare nuovi rialzi dei tassi entro dicembre, definendoli "gravi" per la tenuta del debito italiano. * Linee di Credito Energy: I grandi trader petroliferi (Vitol, Trafigura) hanno richiesto alle banche nuove linee di credito per circa 7 miliardi di dollari per far fronte alla volatilità dei prezzi e all'aumento delle assicurazioni marittime.Energia e GeopoliticaTestate: Il Sole 24 Ore / Corriere della Sera / Repubblica / La Stampa * Crisi del Golfo: La produzione di greggio nella regione è quasi dimezzata (tagli stimati tra 6,2 e 6,9 milioni di barili al giorno) a causa degli attacchi. Il Brent mostra una volatilità estrema, oscillando tra un minimo di 81 dollari e un massimo di 119,50 dollari. * Strategia Nucleare: La Commissione UE propone una strategia per i piccoli reattori modulari (SMR) con l'obiettivo di renderli operativi entro l'inizio degli anni '30. L'Italia partecipa tramite la società costituita nel 2024 tra Enel, Ansaldo e Leonardo. * Meccanismo ETS: La premier Meloni ha richiesto formalmente all'UE la sospensione temporanea del meccanismo di tassazione del carbonio (ETS) per calmierare i prezzi dell'energia. Bruxelles ha espresso un orientamento negativo sulla proposta. * KPI Energetici:   * Scorte Gas Italia: 8 miliardi di metri cubi (circa il 46,1% della capacità di stoccaggio), tra i livelli più alti d'Europa.   * Import Petrolio 2024: L'Italia ha importato greggio per un valore di 46 miliardi di dollari.   * Dipendenza UE: L'80% dell'energia europea proviene attualmente da paesi extra-UE.Lavoro e FormazioneTestate: Il Sole 24 Ore / Il Messaggero / La Stampa * Rinnovo Contratti Statali: La bozza del contratto 2025/27 prevede aumenti mensili lordi da 119,6 euro (operatori) fino a 208,8 euro (elevate qualificazioni). L'aumento medio a regime è stimato in 158,23 euro al mese. * Intelligenza Artificiale e Academy: Accordo tra Luiss e Google per l'integrazione dell'AI nella didattica, con lo sviluppo di assistenti virtuali per la ricerca e il ragionamento giuridico. * Governance Universitaria: Emendamenti al decreto PNRR propongono il mandato doppio (5+5 anni) per i rettori delle università statali, allineandoli alle private.Executive Takeaway (Insight C-suite) * Resilienza e Primato Economico: Nonostante lo scenario geopolitico instabile, l'Italia conferma un primato di crescita nel G7 dell'Eurozona (+7,8% PIL pro capite post-Covid), sostenuta da un export estremamente dinamico (+50% in dieci anni). * Asset Strategico Roma: La Capitale si posiziona come hub primario per il Real Estate e l'Innovazione, con una pipeline di 8 miliardi di euro di investimenti infrastrutturali al 2028 e un forte interesse delle Big Tech internazionali. * Transizione Energetica come Sicurezza: Il focus si sposta sul nucleare di nuova generazione (SMR) e sull'autonomia energetica per proteggere la competitività manifatturiera dai costi fuori controllo dell'import (46 miliardi di $ nel 2024). * Efficienza Amministrativa e Riforme: La sfida cruciale per l'industria risiede nella "messa a terra" delle riforme (TUF e PNRR), dove la semplificazione burocratica è identificata come il principale driver per sbloccare la competitività del mercato dei capitali. * Stabilità e Welfare Contrattuale: Il rapido avanzamento dei rinnovi nel pubblico impiego (324 euro medi totali maturati in 18 mesi) e l'integrazione dell'AI nei processi formativi segnalano un investimento sistemico sul capitale umano e sulla digitalizzazione delle competenze.

Watch on YoutubeMark Thompson is an experienced mining investor and commodities trader who formerly worked with Trafigura and is now heading up VSA Capital as non-executive chairman and Tamar Minerals as chief executive. He also recently took a 20% stake in VSA, as he explains in this wide-ranging conversation, because he is bullish that the London mining scene is poised to make a comeback. Part of that call also involves the recent listing of Tamar Minerals in London, a company which has legacy assets in Australia, but which will now focus on assets in Cornwall and Devon. Mark tells us why the opportunity at the Wheal Vor project is so compelling, and discusses just how much tin there might still be left in Cornwall. Is a bull market underway? - yes, but not all commodities are equal. Mark ends the chat talking up tungsten.

C'est un pic inédit depuis plusieurs décennies : l'excédent commercial de la RDC avec les États-Unis atteint plus d'un milliard de dollars pour l'année 2025. Une dynamique portée surtout par les matières premières. La RDC a exporté près de 2 milliards de dollars de marchandises vers les États-Unis contre 200 millions de dollars d'importations. Résultat : la balance commerciale avec les États-Unis atteint un niveau record pour le pays, quasiment 20 fois plus qu'en 2024. Et selon un analyste, le principal produit d'exportation est le cuivre avec près d'1,8 milliard de dollars, selon les chiffres qu'il a pu recueillir. Viennent ensuite les hydrocarbures : un peu plus de 100 millions de dollars. La Commission économique des Nations unies pour l'Afrique (CEA), qui a également constaté cette hausse, y voit le résultat d'une demande américaine soutenue pour les matières premières, mais aussi les « effets de détournement du commerce ». En effet, la RDC bénéficie de droits de douanes avantageux vers les États-Unis, notamment via l'Agoa, l'African growth and opportunity act. Cette loi commerciale permet depuis les années 2000 à plusieurs pays d'Afrique d'accéder au marché américain sans droit de douane. La RDC avait été réintroduite dans le programme en 2020. Depuis, la balance commerciale est chaque année excédentaire pour le Congo, sans pour autant atteindre ce niveau de 2025. Les analystes prévoient une nouvelle augmentation de ces chiffres pour 2026, « au moins de 10 à 15 % » d'exportation. L'Agoa a en effet été reconduit pour une année et la RDC continue donc de pouvoir bénéficier de ces avantages. Il y a aussi l'accord économique signé entre Washington et Kinshasa en décembre 2025. Désormais, prévient un expert, une partie des minerais qui allait en Chine va prendre la direction des États-Unis, notamment en empruntant le corridor de Lobito. Une évolution majeure, car actuellement le marché chinois absorbe plus de 90 % du cuivre congolais. Une première cargaison de cuivre et de cobalt est d'ailleurs en route vers le marché américain, a annoncé début février l'entreprise Trafigura, géant du négoce de matières premières. Le tout porté par le prix du cuivre, en hausse, avec un niveau historique atteint fin janvier. Une augmentation de 40 % l'année dernière : la tonne est même passée en janvier 2026 au-dessus des 15 500 dollars.

C'est une des conséquences indirectes de la mainmise de Donald Trump sur le pétrole vénézuélien : les navires de la flotte légale sont de plus en plus demandés. Qui dit demande, dit hausse des taux de fret. En prenant le contrôle des flux de brut du Venezuela, les États-Unis ont relancé le négoce de pétrole du pays. Le département du Trésor américain (OFAC) a donné une licence aux traders Vitol et Trafigura qui s'activent à trouver des navires pour acheminer le pétrole vénézuélien vers des raffineries situées sur la côte américaine du golfe du Mexique et vers l'Europe. À lire aussiLe Venezuela veut augmenter sa production de pétrole de 18% en 2026 L'intérêt des négociants est d'autant plus grand que le pétrole vénézuélien est toujours vendu avec une décote et donc attractif. L'agence Bloomberg rapporte le cas d'un pétrolier qui a quitté mi-janvier le Moyen-Orient à vide pour relier en 45 jours le golfe du Mexique et se positionner en attendant des ordres. Ce mouvement vers le Venezuela fait craindre une moindre disponibilité de pétroliers sur d'autres routes et fait donc grimper les taux de fret, avec des hausses variables selon la capacité des navires. Changement de cap de la flotte fantôme Ce retour en grâce des navires de la flotte légale au Venezuela se fait au détriment d'autres pétroliers, ceux de la flotte fantôme. C'est un véritable retournement car le Venezuela était un maillon essentiel pour cette flotte de l'ombre, composée de navires rarement assurés, souvent vieillissants, et généralement sous faux pavillon.  Sur l'année écoulée, 180 pétroliers environ ont transporté du brut vénézuélien, selon Matthew Wright, analyste principal Fret au sein du cabinet de suivi maritime Kpler. Ils devront désormais trouver de nouveaux contrats, probablement en se tournant vers l'Iran – option la plus probable au vu du type de navires concernés, les Very Large Crude Carriers (VLCC), qui peuvent charger jusqu'à deux millions de barils –, et dans une moindre mesure vers la Russie. Pétroliers au rebut Des dizaines de navires de la flotte fantôme risquent cependant de se trouver sans pétrole à transporter, et comme la majorité d'entre eux sont trop vieux pour être éligibles au commerce de brut non sanctionné, il faut s'attendre à des mises au rebut dans les prochains mois, selon l'expert de Kpler. Logiquement, le prix de la location des navires qui opèrent dans l'illégalité devrait être tiré à la baisse, au fur et à mesure que la flotte légale va prendre le dessus au Venezuela. À lire aussiLa «flotte fantôme» russe sous pression occidentale, le capitaine du «Grinch» en garde à vue

What is the future of commodity trading? Is volatility here to stay and thus the profit pools available continue to grow? What will the market structure look like in 10 years and who will be the privileged few that have built, or are building, commodity trading platforms to be able to capture that future? What will that future look like? Who will participate and which category of participant will have the greatest market share? And what will the teams and skill sets and people look like participating in that world? Our guest is Roland Rechsteiner, partner at McKinsey and the global head of their commodity trading and risk practice. 

Produkcja usług w październiku w Polsce wzrosła o 5,5% r/r. Ukraina planuje relokować część produkcji dronów i rakiet do Polski. Globalne domy handlowe, w tym Trafigura i Vitol, wyprzedziły amerykańskie koncerny w pierwszych transakcjach dotyczących wenezuelskiej ropy. Hillwood Polska pozyskał 155 mln EUR finansowania od Bank Millennium na zakup czterech parków logistycznych. UOKiK nałożył na Zalando i Temu łącznie prawie 37 mln zł kary za wprowadzanie konsumentów w błąd. Szef KAS poinformował, że w 2026 r. przedsiębiorcy nie będą karani za błędy ani za spóźnione przystąpienie do Krajowego Systemu e-Faktur.Zasubskrybuj prasówkę na www.businessupdate.pl.Podcast powstał przy pomocy ElevenLabs.

C'est l'une des conséquences de l'intervention américaine au Venezuela et de la volonté des États-Unis de mettre la main sur le pétrole du pays : la Russie pourrait y perdre l'un de ses marchés, en l'occurence celui de la vente de naphta, un diluant essentiel pour rendre le pétrole lourd vénézuélien plus liquide et pouvoir le transporter pour l'exporter.  Depuis le mois de juin dernier, la Russie est devenue le principal fournisseur de naphta du Venezuela, mais Washington entend bien profiter de son opération militaire à Caracas pour lui vendre à nouveau le sien. Avant le mois de juin 2025, les États-Unis étaient déjà un fournisseur historique du Venezuela, mais les sanctions américaines ont interrompu ces flux, au bénéfice de la Russie qui a pris le relais depuis 6 à 7 mois. Les États-Unis sont donc de retour et très concrètement : 460 000 barils de naphta viennent d'être chargés par le négociant Vitol dans un port américain, selon le cabinet Kpler. Cette expédition fait suite au feu vert donné cette semaine à Vitol et Trafigura par l'administration américaine, explique Homayoun Falakshahi, chef analyste pétrole chez Kpler : ces deux traders peuvent désormais acheter du pétrole vénézuélien ou fournir du naphta au pays. Flux russes en perte de vitesse Les flux de naphta russes vers le Venezuela ont déjà diminué en fin d'année en raison du blocus ordonné par Donald Trump qui vise tous les pétroliers sous sanction qui entrent et sortent du Venezuela. Ceux qui veulent peuvent toujours prendre le risque d'aller livrer, mais ils devraient être de moins en moins nombreux : ces deux dernières semaines, plusieurs ont rebroussé chemin.  La Russie va devoir trouver de nouveaux clients pour ses 50 000 à 60 000 barils par jour de diluant qu'elle expédiait, en moyenne, au Venezuela ces derniers mois. Cela représente environ 10% des exportations russes selon Kpler. Le naphta russe n'est plus accepté en Europe en raison de l'embargo total sur les produits pétroliers russes décidé il y a trois ans mais il est toujours le bienvenu au Brésil, en Chine, en Inde ou encore à Taïwan. Un nouveau levier politique ?  Les importations de naphta du Venezuela représentaient à peine un peu plus de 2% des flux mondiaux de diluant transportés par voie maritime. L'impact sur les prix s'annonce donc limité d'après l'un des experts de Kpler. D'autant que la production russe qui avait été touchée par des arrêts se redresse.  Si les États-Unis redeviennent le principal fournisseur du Venezuela en naphta, cela pourrait leur donner un nouveau moyen de pression. Si Donald Trump ne peut pas empêcher la société pétrolière publique, PDVSA (Petróleos de Venezuela SA), de conclure un accord avec un fournisseur américain, il peut en revanche retirer l'autorisation donnée à Vitol ou Trafigura d'acheminer du naphta américain au Venezuela... Reste qu'il n'existe pas de risque de rupture d'approvisionnement pour l'instant : l'entreprise vénézuélienne aurait encore environ deux mois de stocks de diluant pour son pétrole, selon Kpler.  À lire aussiA qui peut profiter le pétrole vénézuélien?

– Rates on hold… just – The Compensation Scheme of Last Resort is going to run out of money – Arnotts (and Trafigura?) on the government teatSee omnystudio.com/listener for privacy information.

Le monde ne manquera pas de pétrole en 2026, ce n'est pas une surprise, mais ce qui pourrait surprendre, c'est le décalage entre l'offre et les besoins des consommateurs. Pour le géant Trafigura, l'offre pourrait littéralement exploser. Trafigura n'a pas plus de boule de cristal que les autres analystes pour qualifier le niveau de l'offre en 2026, mais dans une vidéo diffusée cette semaine, son chef économiste Saad Rahim fait bien comprendre qu'on s'achemine vers un excédent conséquent. Parmi les raisons qui alimentent ces prévisions, il y a la mise en service l'année prochaine de grands projets, en particulier au Brésil et au Guyana, rappelle le Financial Times. Cette tendance n'est pour l'instant pas influencée par le constat que l'offre mondiale n'a pas augmenté ces deux derniers mois, comme l'indique le dernier rapport mensuel de l'AIE : selon le document, l'offre a baissé de 610 000 barils/jour en novembre, par rapport à octobre, et baissé de 1,5 million de barils/jour par rapport à septembre. Cette chute serait liée, selon l'Agence, à d'importantes interruptions de production imprévues au Koweït et au Kazakhstan, tandis que la production de Russie et du Venezuela, frappés par les sanctions, a fortement diminué. L'inconnue Opep+ L'Agence internationale de l'énergie prévoit une augmentation de l'offre mondiale en pétrole de 3 millions de barils par jour en 2025 et de 2,4 millions de barils par jour supplémentaires en 2026.  La perspective de voir le monde inondé de pétrole en 2026 est cependant suspendue à plusieurs inconnues, à commencer par la stratégie des pays de l'OPEP+ qui ont recommencé à produire plus ces derniers mois avant d'annoncer une pause dans leurs ajustements de production au premier trimestre prochain. Tout dépendra aussi de l'évolution de la production américaine et d'un éventuel renforcement des sanctions existantes sur certaines origines de brut.  Une demande qui n'est pas à la hauteur Si les prévisions de production varient d'un organisme à l'autre, tous s'accordent pour dire que la demande ne sera pas à la hauteur. Même si elle devait être deux fois plus forte que les projections actuelles, elle ne suffirait pas à absorber les volumes de pétrole mis sur le marché, résume le chef économiste de Trafigura. L'économie mondiale peine à décoller, et les analystes anticipent une demande chinoise de pétrole qui augmentera moins vite l'année prochaine. Le pays a beaucoup acheté cette année pour profiter des prix en baisse et remplir ses stocks stratégiques, mais personne ne sait si les importations continueront à ce rythme.  Des prix toujours en baisse en 2026 ? Le niveau d'excédent est une donnée capitale, car s'il est effectivement en hausse, les prix pourraient encore baisser. Les perspectives pour l'année prochaine ne sont pas différentes de la tendance 2025, année qui a vu le prix du Brent chuter de plus de 15%. En octobre, Trafigura, qui traite chaque jour plus de six millions de barils de pétrole, comme le rappelle le journal Les Echos, tablait sur des prix qui pourraient flirter avec les 50 dollars le baril pendant les fêtes de fin d'année avant de remonter.  Les marchés ne réagissent pas qu'à l'abondance, ils sont aussi influencés par les stocks mondiaux : ils ont atteint en octobre leur plus haut niveau en quatre ans, selon l'Agence internationale de l'énergie (AIE).

In Part 2, Mark Crandall relives the events that led to the founding of Glencore and Trafigura. Why did Claude Dauphin go his separate way and what was the founding vision for Trafigura? How had Marc Rich already set the vision for the trading houses which would lead to their domination? How has that dominance led to almost insurmountable barriers to entry for aspiring competitors today? And what was it about these singular individuals that led to their success?

Today, we're joined by Mark Crandall, one of the founding fathers of the modern trading house and the commodities sector as we know it today. Mark started his career at Morgan Stanley, where he helped launch its commodities desk, before joining Marc Rich & Co. Mark went on the have a pivotal role in, and ring-side seat to, the machinations that lead to the founding of Glencore and Trafigura. In Part 1, we cover his early career leading up to the famous split at Marc Rich & Co. We discuss the rise of the Wall Street Refiners and what made Marc Rich special and the company he founded shape the industry even today.

In a new Oxford Institute for Energy Studies podcast, Hasan Muslemani speaks to Hannah Hauman, Global Head of Carbon Trading at Trafigura about Article 6 of the Paris Agreement and how the carbon market is unlocking scalable investment and trade. The podcast describes the current market foundations and first trades, demand forecasts to 2030 based […] The post OIES Podcast – How is Article 6's global regulatory carbon market moving from concept to reality? appeared first on Oxford Institute for Energy Studies.

The HC Commodities Podcast was invited to host a panel at the excellent Argus Global Markets Conference in London on September 30. We discussed how the commodities world is adapting trading strategies to markets now driven by Truths Socials, algorithmic sentiment, shifting geopolitics and increasing government intervention. A world where the fundamentals of supply and demand are only part of the picture. Is this new or just a reversion to a more normal world? Is it cyclical or structural? What does it mean for skillsets and participants? Our excellent panelists discuss: Saad Rahim, Chief Economist at Trafigura, David Fyfe, Chief Economist at Argus, Nick Kumleben of Greenmantle and Kurt Chapman, legendary oil trader and Director at Levmet.

This week on Catching Up On Climate, we're celebrating our 250th episode of SmarterMarkets™ with Hannah Hauman, Global Head of Carbon Trading at Trafigura. David Greely sat down with Hannah at the IETA North America Climate Summit in New York this week to catch up on how Article 6 and CORSIA are reshaping the global carbon markets. They discuss how countries are now framing their environmental goals, setting their climate ambitions, and building new compliance carbon emissions markets in a multipolar world.

In this episode, we chat to Grant Sboros, CEO of Euro Sun Mining, a publicly listed development-stage mining company focused on unlocking value through the responsible development of the Rovina Valley Project, one of Europe's largest gold-copper projects. Grant is a chartered accountant by background has extensive mining experience in Africa in both operations and finance. Working for the likes of Deloitte and Glencore, he has been at the helm of Euro Sun since 2022 and talks to us about the company, the challenges facing companies going from exploration to development, mining in the EU, and their outlook and financing in the industry. KEY TAKEAWAYS The Rovina Valley project is one of Europe's largest gold-copper deposits, with a significant resource of 10.4 million ounces of gold equivalent.  Euro Sun Mining has secured a $200 million financing deal with Trafigura, which is crucial for the project's construction phase. This financing is structured to minimise shareholder dilution The new Romanian government appears to be pro-mining, which could facilitate the permitting process for the Rovina Valley project.  Over the next 6 to 12 months, Euro Sun Mining aims to finalise financing agreements, push for legislative progress, and submit the environmental impact assessment.  BEST MOMENTS "It is the second largest deposit of gold in Europe. It's a world-class asset, and we need to get it into production."  "The money that we've raised is critical for the business needs, and the majority of the funds are earmarked to get into construction."  "Once you've got the strategic status, it will somewhat undo the arduous processes of complicated permitting."  "The CRMA provides that framework for us to make sure that we can get there, and there are time limits imposed to ensure things get done." VALUABLE RESOURCES Mail:        rob@mining-international.org LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/ X:              https://twitter.com/MiningRobTyson YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast  Web:        http://www.mining-international.org GUEST SOCIALS  https://www.eurosunmining.com/ https://www.facebook.com/EuroSunMining/ https://www.linkedin.com/company/euro-sun-mining/ https://www.youtube.com/watch?v=tLxIKFlOULs https://x.com/EuroSunMining CONTACT METHOD rob@mining-international.org https://www.linkedin.com/in/rob-tyson-3a26a68/ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.  This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day, we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional. Top compliance stories: BCG paid approximately $1MM for its moving out Gazans project. (FT) Indonesia detains former Trafigura employees in corruption probe. (Bloomberg) Dubai and the offshoring of corruption. (The Conversation) Amazon uses reading as its secret business tool. (Business Insider) You can donate to flood relief for victims of the Kerr County flooding by going to the Hill Country Flood Relief here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hedging, Monetary Policy, and Oil Swings: Insights from FIS's Latest PodcastThis week on Freight Up, we set out to give listeners practical insights into the world of risk management across the commodity spectrum, from freight to metals to crude oil. If you're looking to understand what's really happening under the surface of today's volatile markets, this episode features perspectives from professionals who operate right at that interface between price risk and real-world trade. We started with Samuel Basi, founder of Perfectly Hedged Consultancy and a former Trafigura metals trader, for a deep dive into the realities of commodity hedging in liquid and illiquid markets. From there, we heard from Carlo Boffa, a central bank watcher at Politico, on central bank decisions and how the evolving landscape of monetary policy is shaping the US dollar and, by extension, commodity prices. We wrap up with Archie Smith, oil broker, who broke down the extreme pricing swings in the oil market driven by macro shocks and geopolitical headlines, highlighting what's front of mind for market participants right now.Some of the headline talking points this week include: the merits and pitfalls of one-to-one hedging in today's market, with Sam exploring where hedging can reduce risk and where it might inadvertently add more. We tackled the specific challenges faced by traders and companies in less liquid markets, including practical ways to quantify risk and work with imperfect hedges—or get creative in the over-the-counter space to find coverage. Options came under the spotlight, especially with clients' hesitancy to use them, and Sam gave practical context about why options sometimes get overlooked and when they can be a valuable part of a strategy. Companies mentioned in this episode: FIS Perfectly Hedged Consultancy Trafigura Politico LME CME SGX ICE Citadel GMI

Alfa Laval announces a milestone in maritime decarbonization with an order for the world's first marine boiler system designed for the safe incineration of ammonia emissions. Confirmed for a fleet of four ammonia dual-fuel vessels, this innovation is part of a joint development project with industry frontrunners and is set for delivery in 2027-2028. World's first marine boiler system for ammonia waste incineration A first-of-its-kind innovation for ammonia-powered ships As the shipping industry transitions to alternative fuels, ammonia is emerging as a key zero-carbon fuel. However, its safe application onboard requires advanced technologies to manage its unique properties, including toxicity and the need for careful handling of purge gas and other waste gases. As a frontrunner in enabling ammonia as a marine fuel, Alfa Laval has achieved a significant milestone by securing an order to deliver the world's first marine boiler system designed to function as an Ammonia Release Mitigation System (ARMS) for the safe incineration of ammonia wastes. The system will be installed on four 45,000 cubic meter (cbm) multi-gas carriers for the global commodities company Trafigura and designed to transport LPG and ammonia. The advanced boiler system is part of a joint development project involving key industry players, including engine designer WinGD and shipyard HD Hyundai Mipo in South Korea for vessel construction. "Our efforts with alternative fuels demonstrate that Alfa Laval is not just adapting to the shift toward these fuels, but is actively shaping it through our technological expertise and vast experience in marine equipment," says Anders Lindmark, Business Unit President Heat & Gas Systems, Alfa Laval. "Following our successful innovations with fuels like LNG and methanol systems, we are proud to once again drive the industry with this pioneering boiler system for incineration of ammonia that combines environmental responsibility with operational efficiency and safety." "The landmark project brings together key industry players to advance ammonia as a viable marine fuel. Alfa Laval's innovative boiler technology, designed to operate as ARMS, tackles one of the critical technical hurdles impeding the wider adoption of ammonia, while prioritizing the safety of the environment and crew," said Andrea Olivi, Global Head of Shipping, Trafigura. "Trafigura is pleased to be working with companies like Alfa Laval that are developing solutions to decarbonize the maritime industry." A multi-purpose solution for ammonia-powered vessels Designed to go beyond conventional steam generation, the system will efficiently incinerate gaseous ammonia and ammonia-nitrogen mixtures produced by ammonia dual-fuel engines, fuel supply systems and other equipment onboard. This multi-functionality allows shipowners to reduce costs and save valuable space by minimizing the need for additional equipment while effectively managing waste and byproducts. "By extending the functionality of the boiler system to handle ammonia emissions, we are enabling shipowners to achieve substantial savings in both costs and space," says Stig Person, Head of R&D, Business Unit Heat & Gas Systems, Alfa Laval. "Our system eliminates the need for separate equipment to manage ammonia purge emissions, boil-off gas, and tank emptying operations, streamlining vessel design while enhancing safety." "The first commercial deployment of the ammonia-incinerating boiler system will serve as a model for future vessels, demonstrating that ammonia can be used safely while optimizing vessel design and operational efficiency. The space and weight savings achieved through this integrated approach provide tangible benefits for shipyards and ultimately for vessel operators," says Dong-jin Lee, Head of the Initial Design Division and the Detailed Design Division at HD Hyundai Mipo. Proven expertise in multi-fuel technology Alfa Laval has been at the forefront of developing solutions for alternativ...

In this episode of The Officials Explain, Ed and Will dive into the sharp shift in the North Sea physical market and what it means for CFD structure. With dated Brent softening fast and CFD spreads flipping into contango, the team lays out why this matters far beyond just the North Sea. They unpack:The collapse in physical differentials—and what Trafigura's exit revealsWhy Midland and Forties flows are flooding the windowThe impact of Grangemouth's closure and rising deliverable barrelsWhat a weakening front-end CFD curve signals for refiners and hedgersHow global dynamics—from Murban gluts to Iranian barrels—are reshaping spreads This episode is a must-watch for anyone trading or managing exposure to Brent-linked pricing. All the trades discussed are live on Onyx Markets, where you can practice, simulate, or dive in. Visit https://onyxmarkets.co.uk/ 

Il Documento di Finanza Pubblica (DFP) 2025 conferma il sottofinanziamento del Servizio Sanitario Nazionale, con il rapporto spesa sanitaria/PIL fermo al 6,4% fino al 2028. Nonostante un incremento della spesa nel 2024 e nel biennio successivo, le risorse rimangono insufficienti. La Fondazione GIMBE segnala una crescente difficoltà nell'accesso alle cure, con milioni di italiani costretti a rinunciare a visite per motivi economici e una carenza di personale. Il Governo sta introducendo misure contro le liste d'attesa, tra cui un decreto per permettere l'intervento diretto dello Stato in caso di inadempienze regionali. Ne parliamo con Nino Cartabellotta, Presidente della Fondazione GIMBE.In crescita il numero dei turisti in Italia, per Pasqua 11 milioni di italiani in viaggioOggi si sono tenuti gli Stati generali di Federturismo a palazzo Wedekind a Roma. La spesa turistica nel 2024, fa sapere Federturismo, ha raggiunto circa 110 miliardi di euro che, con un moltiplicatore di 2,5, ha generato oltre 270 miliardi di euro in termini di Pil. Non solo i turisti contribuiscono direttamente al pil, ma le attività economiche che dipendono dal turismo, come la produzione, la logistica, i servizi e altri settori, vengono enormemente stimolate. Analogamente, il comparto della logistica nel 2024 ha raggiunto un valore di 156,9 miliardi di euro, l'8,9% del Pil. Marina Lalli, presidente di Federturismo Confindustria, durante l'evento ha spiegato che: "È in continua crescita il numero dei turisti, nel 2024 in Italia le presenze turistiche hanno toccato i 458,4 milioni e grazie anche al boom di stranieri, oltre 250 milioni e +6,8% rispetto al 2023 e siamo riusciti a superare la Francia nella graduatoria europea piazzandoci al secondo posto dietro la Spagna. E' necessario però trovare un giusto equilibrio tra crescita e trasformazione e l'unico modo per raggiungere questo obiettivo è lavorare insieme". La Lalli ha anche aggiunto che: "Ci aspettiamo 11 milioni di italiani in viaggio per Pasqua e anche questo sarà un altro dei momenti di sviluppo turistco riconosciuto in termini di aumenti percentuali che stiamo ormai registrando in questi ultimi anni". Ne parliamo con Marina Lalli, presidente di Federturismo ConfindustriaFt, crisi della raffineria Isab di Priolo per scontro internoLa raffineria Isab di Priolo Gargallo, la più grande d'Italia, è in crisi a causa di uno scontro tra il miliardario greco, George Economou, suo investitore di maggioranza, e il gigante delle materie prime Trafigura. Lo spiega il Financial Times secondo cui la crisi potrebbe minacciare la sopravvivenza dell'impianto, che copre il 20% della capacità di raffinazione italiana e impiega circa 9.500 persone tra diretti e indiretti. La raffineria siciliana è stata venduta nel 2023 dal gruppo russo Lukoil, colpito dalle sanzioni Ue a Goi Energy, in un accordo organizzato dal magnate franco israleiano Beny Steinmetz. Una vendita, approvata dal governo italiano ma avvenuta in modo opaco, dove "né l'acquirente né Roma hanno rivelato l'identità dei suoi azionisti", spiega il quotidiano della City. I documenti visionati dal Financial Times mostrano però che Argus, il maggiore investitore nel fondo di controllo di Goi Energy, al momento della transazione era George Economou, un magnate greco la cui Tms Tankers è una delle più grandi compagnie di trasporto marittimo di petrolio russo dopo l'invasione totale dell'Ucraina nel 2022. Secondo i documenti, l'operazione ha coinvolto, oltre a Economou, anche lo stesso Steinmetz e l'ex dirigente di Trafigura, Michael Bobrov. Da allora però i rapporti tra i tre si sono inaspriti a causa di questioni finanziarie e dei termini di un accordo decennale di fornitura e commercializzazione di petrolio firmato con la stessa Trafigura, spiega il giornale che rivela che le tensioni tra i soci sono ora alle stelle con Economou che sostiene che "l'accordo favorisce Trafigura", permettendole di guadagnare mentre la raffineria perde soldi. Il greco, che ora controlla il 99% di Goi Energy, ha infatti avviato una procedura per rinegoziare l'accordo con Trafigura e valuta anche la vendita dell'impianto. Tuttavia, "l'accordo di fornitura è un ostacolo nei colloqui con potenziali acquirenti", spiega il Financial Times. Cerchiamo di capirne di più con Nino Amadore, Il Sole 24 Ore,

In this episode of Energy Evolution, host Taylor Kuykendall sits down with Hannah Hauman, head of carbon trading with multinational commodities company Trafigura, to learn more about the world of carbon markets.  After a brief overview of carbon markets, listeners will learn more about the impacts of geopolitical changes, artificial intelligence and more shaping carbon trading. Hauman emphasized the importance and complexities of carbon accounting and the need to recognize that carbon markets are a vital part of business strategy and not merely a philanthropic endeavor.  Energy Evolution has merged with Platts Future Energy, and episodes are now regularly published on Tuesdays.

In this episode of Energy Evolution, host Taylor Kuykendall sits down with Hannah Hauman, head of carbon trading with multinational commodities company Trafigura, to learn more about the world of carbon markets.  After a brief overview of carbon markets, listeners will learn more about the impacts of geopolitical changes, artificial intelligence and more shaping carbon trading. Hauman emphasized the importance and complexities of carbon accounting and the need to recognize that carbon markets are a vital part of business strategy and not merely a philanthropic endeavor.  Energy Evolution has merged with Platts Future Energy, and episodes are now regularly published on Tuesdays.

Can the DOJ's commitment to holding individuals and corporations accountable under the FCPA survive the changing political climate in 2025? Will the push for innovation in corporate compliance programs be enough to maintain momentum, especially with emerging technologies like artificial intelligence? In this episode of Corruption, Crime and Compliance, Michael Volkov dives deep into the FCPA enforcement landscape of 2024, outlining key cases, changes in DOJ policies, and the evolving role of compliance programs. He highlights the significant rise in penalties and individual criminal prosecutions, as well as the continuation of major corporate settlements such as Raytheon, Trafigura, Gunvor, and SAP. The episode also explores DOJ's new whistleblower program and its continued push for companies to enhance their compliance frameworks.You'll hear him discuss:Key FCPA enforcement matters in 2024 including the Raytheon, Trafigura, Gunvor, and SAP cases.The shift in DOJ's approach, where individual prosecutions now play a larger role than ever before.The rise in penalties: 2024 saw a significant jump, with a total of $1.7 billion in fines.The return of travel, hospitality, and gifts as common bribery techniques, despite increased focus on compliance.DOJ's major industry sweeps, particularly targeting the energy commodity trading industry.The emergence of new compliance challenges with a focus on artificial intelligence and emerging technologies in corporate settings.The controversial SAP settlement and the DOJ's approach to a lack of voluntary disclosure.The impact of mergers and acquisitions on compliance processes and the integration of acquired companies.DOJ's new whistleblower program designed to incentivize individuals to report misconduct.How companies should approach merger and acquisition integration to ensure compliance and prevent risks.ResourcesMichael Volkov on LinkedIn | TwitterThe Volkov Law Group

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News—all from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional. Trafigura used high-risk middlemen. (FT) Inside a four-day workweek experiment. (NYT) Did Boohoo illegally surveille employees? (BBC) South African government is not working with McKinsey for the G-20. (Bloomberg) For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here. Check out the entire 3-book series, The Compliance Kids, on Amazon.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News—all from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional. Defense in Trafigura case can't knock out star prosecution witness. (FT) Was it corruption or a smart (or dumb) business deal? (TNR) Matthew Smith pleads not guilty to trafficking. (BBC) Adani case puts solar energy in India at risk. (Bloomberg) For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here. Check out the full 3-book series, The Compliance Kids, on Amazon.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News—all from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional. Swiss trading culture in the dock with Trafigura trial.  (Bloomberg) What's behind the latest PLA corruption purge? (The Indian Express) TD Bank hires former HSBC-Canada CCO.  (Reuters) Adani is ‘committed to compliance'.   (Channel News Asia) For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here. Check out the entire 3-book series, The Compliance Kids on Amazon.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News—all from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional. Trafigura heads to trial in Switzerland. (Bloomberg) A layer of crypto corruption. (TheBulwark) Firings as layoffs without benefits. (FT) KPMG rehabbed in the UK. (FT) For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here. Check out the full 3-book series, The Compliance Kids, on Amazon.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Navigating the New Energy Landscape - A Reality Check on Marine Fuels & the Energy TransitionModerator: Mr. Ezekiel Davis, Vice President, Regional Business Development, Europe – ABS Panelists: • Mr. Jasper Heikens, CCO – ECOLOG • Ms. Linda Kongerslev, Director – Global Engagement & Sustainability – Oldendorff Carriers • Mr. Oeyvind Lindeman, CCO – Navigator Gas (NYSE: NVGS) • Mr. Rasmus Bach Nielsen, Global Head of Fuel Decarbonization – Trafigura 4th Annual Capital Link German Maritime Forum In partnership with DNV With the support of the German Shipowners’ Association (VDR) and the Hamburg and Bremen Shipbrokers’ Association Wednesday, November 6, 2024 Radisson Blu Hotel - Hamburg, Germany https://forums.capitallink.com/shipping/2024german/

After a 35-year career that started in the early 70s as a watchman for SCNO Barge Line, Mr. Jim Fox joined the industry during college and was called back to it after a brief jaunt as a teacher. After ACBL acquired SCNO barge line, he found himself in Venezuela helping develop an improved river transportation system for their bauxite mine and alumina production facilities with a few previous guests from the show, went into Argentina for similar pursuits, and later found himself in Colombia surveying another waterway for Trafigura. Since leaving the industry, he spent time employed by the Minnesota Twins teaching English to the Spanish speakers on the team, and keeps busy chasing grandkids and family around Florida.

It's an environmental tragedy with ongoing consequences in Ivory Coast. Back in 2006, the company Trafigura wanted to get rid of 500 cubic metres of toxic waste from the refining of petroleum products stored on its cargo ship Probo Koala. After three countries refused the ship, it finally unloaded its cargo in Ivory Coast after four months at sea. With the approval of the authorities, a local company took charge of dumping the toxic waste around Abidjan, impacting least 100,000 residents and causing several deaths. Eighteen years on, many are still fighting for justice. FRANCE 24's Julia Guggenheim, Damien Koffi, Flore Monteau and Tom Canetti report, with Lauren Bain.

The US Department of Justice has filed an antitrust lawsuit against Visa, China has unleashed a swath of stimulus measures to jump-start growth and the incoming CEO at Trafigura signals a new era for the trading house. Plus, Sri Lanka has a new leftwing president who has promised a fresh start for the country.Mentioned in this podcast:US antitrust lawsuit accuses Visa of using dominance to shut down rivals China unleashes stimulus blitz to lift growthTrafigura set to name Richard Holtum as chief executive Sri Lanka swears in leftist election winner as president amid concerns over IMF deal The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discuss various topics in the energy and oil industry, including Shell's divestment from South African assets, oil majors' roles in the energy transition, and the implications of fracking and renewable energy policies. They highlight the complexity of maintaining profitability across different oil sectors and discuss how companies like Trafigura and Saudi Aramco are vying for control in these areas. Additionally, they touch on geopolitical issues, security concerns in the oil field, and the evolving policies surrounding natural gas and renewable energy in the U.S. and Europe.Highlights of the Podcast00:00 - Intro01:31 - Oil Majors and Traders Vye for Shell's South African Assets04:13 - It's Spreading: America's Top Oil Field Terrorized By Armed Venezuelan Gangs09:05 - An ESG Backlash Erupts in Europe on World's Strictest Rules11:15 - The Golden state of California is turning Brown without continuous electricity14:14 - In Germany, The Green Energy Transition Is Only Getting Worse16:35 - 2024 Election Debate Impact on Energy – Michael and Stu cover the top issues of the debate with special guest Rey ‘RT' Trevino18:39 - Kamala Harris' Position on Fracking (Clip)19:22 - R.T. Trevino's Initial Reaction21:01 - Stuart Turley's Response to Kamala's Statements22:28 - Michael Tanner's Analysis of Fracking and Foreign Oil23:24 - Biden Administration's Energy Policies26:01 - Inflation and Oil Production Under Biden34:16 - Security Concerns in Oil Fields35:00 - Final Thoughts on the Debate 34:46 - Layoffs Loom as Volkswagen Fights for Survival36:35 - OutroPlease see the links below or articles that we discuss in the podcast.Oil Majors and Traders Vye for Shell's South African AssetsIt's Spreading: America's Top Oil Field Terrorized By Armed Venezuelan GangsAn ESG Backlash Erupts in Europe on World's Strictest RulesThe Golden state of California is turning Brown without continuous electricityIn Germany, The Green Energy Transition Is Only Getting WorseLayoffs Loom as Volkswagen Fights for SurvivalFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing In 2024– Get in Contact With The Show –

Our Summer Playlist continues this week with Hannah Hauman, Global Head of Carbon Trading at Trafigura. David Greely sits down with Hannah to discuss how seemingly separate EU regulations on corporate green claims and reporting are coming together to create a new definition of net zero and a new approach to driving corporate climate action.

Hedging is the basic tool of the commodity trader. Yet, outside that community it is little taught, little understood and underutilized – especially as raw material prices are becoming more volatile in an age of disruption. What is hedging? What are the costs and benefits and why is it not more exploited up and down the value chain. Our guest is Samuel Basi, author of the new book “Perfectly Hedged. A Practical Guide to Base Metals”. Samuel is the founder and CEO of Perfectly Hedged LLC a training consultancy for the sector and a former metals trader at both Trafigura and Greenwich Metals. For more on HC Group visit www.hcgroup.globalfor Perfectly Hedged visit: www.perfectlyhedged.com  

When we talk about green shipping, are we always talking about actions that have a net benefit in terms of reduction of greenhouse gases? Are the commercial choices we make today about reducing absolute emissions, or just the most pragmatic financial options on the table? And are the regulations we are negotiating genuinely addressing the problem of climate change, or just part of a wider exercise in climate finance revenue raising? It's not always a clear cut as we might like. Having agreed the ambitious 2050 net zero targets last year, we are about to ramp up into the difficult detail of how we get there and the details increasingly mater. This week's edition of the podcast argues that we are at an inflection point. The detail of what gets agreed at the International Maritime Organization (IMO) over the next 12 months will come with consequences for shipping, but also the pace of investment into new fuels like green hydrogen. The various combinations of measures proposed at the IMO all entail a degree of revenue generation. The scale of revenues expected is unclear, as is the destination for the revenue. Are we ploughing that money into shipping's decarbonisation efforts - bridging the cost differential to green fuels - or will we see that cash disappear into coffers of the poorest and climate most vulnerable States with little direct impact on shipping's energy transition? Will the IMO agreements help or hinder shipping's chances to get ahead in the queue for green hydrogen. Discussing these question on this week's edition: John Butler, President and CEO of the World Shipping Council Rasmus Bach Nielsen, Trafigura's Global Head of Fuel Decarbonisation Bud Darr, Executive Vice President, Maritime Policy and Government Affairs, MSC Group

On the heels of the Gunvor FCPA settlement for $661 million, DOJ announced its settlement with Trafigura, the latest commodities trading company to fall under DOJ's FCPA Sweep against the industry. Trafigura joined the list of international commodity trading companies to suffer FCPA enforcement actions like Vitol, Sargeant Marine, Glencore, Freepoint, and Gunvor.DOJ's corporate resolutions are connected to individual prosecutions and guilty pleas of 19 individuals, including six government officials, eight corrupt intermediaries, and five trading companies.Trafigura Beheer B.V. ("Trafigura"), based in Switzerland, plead guilty and agreed to pay $126 million as part of a plea agreement to resolve FCPA violations in Brazil. Trafigura pleaded guilty to conspiracy to violate the anti-bribery provisions of the FCPA and agreed to pay a fine of over $80 million and forfeiture of $46 million. DOJ agreed to credit up to $26 million of the fine against the amounts Trafigura pays to resolve an ongoing Brazil investigation.Trafigura, a global commodity trading company, pled guilty and agreed to pay $126 million to resolve FCPA violations in Brazil, involving a corrupt scheme to pay bribes to Brazilian officials to secure business with Petrobras.DOJ cited Trafigura's cooperation and acceptance of responsibility, including providing timely updates, facilitating employee interviews, and producing relevant documents, but criticized their failure to preserve and produce certain evidence in a timely manner.Trafigura's bribery scheme involved paying bribes to Petrobras officials from 2003 to 2014 to obtain and retain business, with payments ranging from 5 to 20 cents per barrel for oil transactions.The bribery payments were facilitated through offshore bank accounts, U.S. banks, and coded language in emails, with Trafigura entities earning approximately $51 million in profits from the scheme.DOJ's successful sweep of the commodities trading industry resulted in six corporate resolutions and 20 individual convictions, totaling over $1.7 billion in penalties, emphasizing the importance of robust compliance and surveillance strategies.Trafigura's lack of compliance oversight and failure to maintain proper third-party due diligence or risk management programs allowed the bribery scheme to operate with impunity, highlighting the need for enhanced controls and monitoring in high-risk industries.Despite the challenges faced during the investigation, Trafigura's guilty plea and cooperation with DOJ demonstrate a commitment to addressing corruption and compliance issues in the global commodity trading sector.ResourcesMichael Volkov on LinkedIn | TwitterThe Volkov Law Group

This week, Energy Evolution reports from CERAWeek, S&P Global's flagship energy conference. While the event has become increasingly focused on the energy transition, one commodity trading house says the good times for fossil fuels are far from over. Demand for oil and gas, as well as key metals such as copper, is set to grow across most global markets, Trafigura chief economist Saad Rahim tells Taylor Kuykendall on the sidelines of the event. Subscribe to Energy Evolution to stay current on the energy transition and its implications. The show is co-hosted by veteran journalists Dan Testa and Taylor Kuykendall.

Earlier this year, it emerged that the London Metals Exchange had been holding a bunch of bags filled with stones instead of the nickel needed to back trades for major commodities players, including Trafigura. Before that, commodities trader Mercuria was given painted rocks instead of the copper it was supposed to take delivery of. In short, the commodities world is no stranger to fraud. But what is it about the business of trading, moving and storing commodities that makes it so susceptible to scandal? In this episode, we speak to repeat Odd Lots guests and commodities collateral specialists Mercury Group CEO Anton Posner and President Margo Brock, about some recent episodes of counterfeiting in commodities world, why they seem to keep happening, and what could be done to prevent further instances from occurring.See omnystudio.com/listener for privacy information.