Lenders turned down TMT Metals in 2021, rates ‘made no commercial sense’
08-03-23 / by John Basquill
TMT Metals, one of the traders Trafigura has accused of participating in a “systematic” fraud...Lambert Commodities
Demand for commodity finance set to skyrocket, with large traders to reap rewards
01-02-23 / by John Basquill
Commodity traders’ demand for working capital could be set to treble, with margin calls rising...
Banks remain wary as Russian oil price cap kicks in
06-12-22 / by John Basquill
Major western powers will allow banks and insurers to back trade in Russian oil below...
Traders face “daunting task” as west restricts Russian oil and gas imports
09-03-22 / by John Basquill
The US, European Union and UK are seeking to halt imports of Russian oil and...
Major banks and traders react as Russian sanctions mount
02-03-22 / by Jacob Atkins and Felix Thompson
Banks across the world are reviewing all trade and commodities transactions involving Russia as the...
Commodity traders ‘face year of uncertainty’ despite oil price surge
19-01-22 / by John Basquill
Soaring oil prices are not necessarily good news for large commodity trading houses hoping to...
Inside the commodity finance ‘flight to quality’
28-07-21 / by John Basquill
The commodity finance market is divided. Nervous after a string of fraud scandals and losses...
Singapore banks unveil tougher commodity finance standards after fraud scandals
01-12-20 / by John Basquill
Singapore’s banks have finalised a code of best practice for the provision of trade finance...
Hong Kong oil traders ‘unable to obtain finance’ after Singapore fraud scandal
21-10-20 / by John Basquill
Two Hong Kong-based oil traders say banks have reacted to the fraud scandal in Singapore’s...
Analysis: Banks nervous over fraud losses as Singapore oil traders collapse
20-05-20 / by John Basquill
Banks are being urged by regulators not to withdraw financing for Singapore’s beleaguered commodities trade...