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Trafigura’s results underscored the huge fortunes that can be made from moving raw materials around the globe and showed how the world’s biggest commodity traders continue to profit from supply chain dislocations created by the coronavirus pandemic.

Trafigura is handing more than $1 billion (€890 million) to its top executives and staff after the global commodities trader recorded the biggest prof(...)

Delivery of the green fuel began on Thursday and it will be incorporated into the airport’s main fuel supply  Photograph: iStock

Britain’s Heathrow Airport will use sustainable jet fuel for the first time as part of a test ahead of a Group of Seven (G7) rich nations summit in th(...)

Petroneft, which operates in the Tomsk Oblast, has signed a sales purchase agreement with Belgrave Naftogas in relation to licence 67.

Irish oil and gas explorer Petroneft Resources said on Monday it had finalised a deal to acquire an additional 40 per cent interest in a Russian gas w(...)

The acquisition will increase Chevron’s total reserves base by almost a fifth at a cost of less than $5 a barrel of oil equivalent. Photograph:  Getty Images

Chevron has agreed to buy Noble Energy for $13 billion including debt in the oil and gas industry’s first big deal since geopolitical tensions and the(...)

Russian President Vladimir Putin with Rosneft chief executive Igor Sechin. The head of  the state-controlled oil company told an energy conference  the world’s top producers would not give ground. Photograph: Reuters

The most powerful figure in Russia’s oil industry yesterday signalled his steadfast opposition to combining with Opec to reverse the crude price rout (...)

Vitol has agreed to buy Royal Dutch Shell’s Australian refinery and petrol stations for about $2.6 billion. Photo: Bloomberg News

Global oil trader Vitol has agreed to buy Royal Dutch Shell’s Australian refinery and petrol stations for about $2.6 billion in its biggest acq(...)