Trafigura's profits jumped in the first half of its financial year
Stronger finances deliver Trafigura trading windfall
The Singapore-headquartered trader is able to do more, and boost profit, due to enhanced access to credit
Trafigura saw profits jump by 54pc year-on-year, to $4.275bn, in the first half of its October 2020-September 2021 financial year, driven by higher earnings from its trading divisions. And it was able to trade more due to having greater access to credit. Revenue also rose, by 18.6pc compared with the first half of Trafigura’s 2020 fiscal year, to just shy of $98.4bn. And gross margin rose to 4.3pc, from 3.8pc in H1 2020. The improved performance “is mainly due to the performance of our trading divisions, which have shown higher trading volumes, higher margins and significantly higher gross profit,” says the firm’s CFO, Christophe Salmon. “The oil and petroleum products division sho
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
