And unlike commodities producers, such as U.S. oil giant Exxon Mobil, trading firms dont just make money when prices go up. (Additional reporting by Jean-Francois Rosnoblet), WHO: Bunge, founded 1818 by Johann Peter Gottlieb Bunge in Amsterdam. The French trading giant approached Olam with a merger proposal in 2010, but talks failed earlier this year. US$104 billion (2017), This page was last edited on 18 November 2022, at 13:08. A Trafigura-chartered tanker was intercepted in the Caribbean in 2001 on suspicion of carrying illegal volumes of Iraqi crude. Elman, the companys chairman, holds around 30 percent of the company. In oil markets, Koch is a brutally efficient middleman. Its one of the largest physical suppliers of metals including zinc, lead and nickel, and a leading grain exporter from Europe, the former Soviet Union and Australia. Arcadia often trades large volumes of oil from Nigeria and Yemen, where it boasts close relationships with state oil firms. But they have seen interest from potential investors, and have considered a tie-up with a sovereign wealth fund. We dont hear much about them yet, but in time we will.. Le pouls de lconomie suisse - retrouvez les derniers chiffres conomiques cls dcrypts en graphiques, tous nos articles consacrs aux matires premires, Marco Dunand: La concentration du ngoce se poursuit, Mercuria: Dans le trading, les cots des transactions pourraient diminuer de 30 40% avec la blockchain, Des ngociants Genve sallient pour imposer la blockchain, LEurope des terres rares accentue son retard, Lor de Duba suscite de nouveau la controverse en Suisse, Le plus grand groupe minier du monde drague des tudiants Genve, Marco Dunand, patron de Mercuria: Notre approche est assez intellectuelle. Co-founder and Chief Executive Officer Marco Dunand, co-founder and President Daniel Jaeggi and Mercuria's global head of trading Magid Shenouda control the stake through a Guernsey-registered company called MDJ Oil Trading Ltd. ChemChina Stake La logique, cest que le monde a besoin de plus en plus dnergie tout en devant baisser son intensit carbone. It owns processing plants, railcars, trucks, river barges and ships. Its meteoric growth has been piloted by a couple of the sharpest minds in commodities. Belgium-born Rich joined Philipp Brothers, subsequently Phibro, aged 20, leaving in 1974 with a fellow graduate of the Phibro mailroom, Pincus Pinky Green, to set up Marc Rich and Co AG in Switzerland. In public, for a company that turned over almost $200 billion last year trading 5.5 million barrels a day, its profile is nigh on subterranean. Thanks to a market condition known as contango -- a period when buyers pay more for future delivery than to receive their cargoes promptly -- they could sell futures and lock in profits of $10 a barrel or more. Headquartered in Geneva, Switzerland, and named after Mercury, the god of merchants, Mercurias business straddles global energy markets. U.S. and European regulators are cracking down on big banks and hedge funds that speculate in raw goods, but trading firms remain largely untouched. Nous n'avons pas ajout une nouvelle mine, seulement remplac une ancienne. university Thats what it is all about, Fredriksen said of the recent CFTC charges. Though it began as a pure metals and oil trader, Glencore has bought a wealth of industrial assets since the late 1980s which now stretches from South American farmland to copper mines in Zambia. Koch benefits from privacy, and its astonishingly agile and profitable as is., The old guard now faces a challenge from a new breed of Asian competitors. A master of physical markets, it owns a 4,000-mile U.S. pipeline network and three of the countrys most profitable refineries. [9], Its subsidiaries include Navitas Energy in Canada[10] and Vesta Terminal Services in Europe,[11] which operates port logistics, storage and processing facilities in the Netherlands, Estonia, Belgium, and Germany. Along the way it has moved headquarters to Belgium, Argentina, Brazil and then the United States. To achieve this, it would be necessary to recruit the (Ukrainian) farmers to take an active role. Je ne peux absolument pas m'exprimer sur ce point. In April the company dodged NATO bombs and a naval blockade and sent an oil tanker into the battered Mediterranean port of Tobruk to extract the first cargo of premium crude sold by rebels at the helm of a breakaway Libyan oil company defying Muammar Gaddafi. Global oil consumption is expected to rise by 3-4% to 103-104mbpd by the end of this year, compared with current levels, Marco Dunand, CEO of Mercuria said. On a plus de 100traders, on leur donne des paramtres de risque mais lintrieur de ces paramtres ils ont un degr de libert. The grains business accounts for a third of its earnings and could have a value of more than $5 billion. Noble has grown by acquiring troubled competitors. A wealthier world needs more food. Trafigura was also quick to recognize the potential of storage in the industrial metals markets. The Koch brothers, Chairman and CEO Charles and co-owner David Koch, are high-profile supporters of libertarian and anti-regulation U.S. politics. U.S. regulations are now pending to limit banks proprietary trading -- speculating with their own cash. Marco Dunand is Chief Executive Officer and co-founder of Mercuria Energy Group, one of the world's largest independent energy and commodities companies operating in more than 50 countries along the entire commodities value chain with a balanced combination of commodity flows and strategic assets. Or this: publicity-shy Vitols sales of $195 billion in 2010 were twice those at Apple Inc. As well as the 200 tankers it has at sea, Vitol owns storage tanks on five continents. . The sort of position that has allowed Vitol to do a brisk oil business with the U.S. government, the besieged Syrian regime, and Libyas newly empowered rebels simultaneously over the past few months. Est-ce le cas? Like Rich, Dauphin created a leading commodities trading house by applying a knife-edge approach to business. Tucked away in a private forest an hours drive from the downtown high rises of mid-western Minnesota stands a brick mansion that strikes most visitors the same way: isolated, solid, regal, powerful. China is becoming more like a Glencore, said Hinde. Verghese still plans to cash in. Putin worked in the mayors office in the early 1990s when Timchenko and his friends, Putin said, spun off an oil trading unit of the Kirishi oil refinery. In a move borrowed from the playbooks of western rivals, state-run oil firm PetroChina has set up a Houston oil trading desk and leased massive oil storage tanks in the Caribbean. In 2001, for instance, it bought storied Swiss company Andre & Cie, once one of the worlds top five grains traders. On a des activits diverses lintrieur de la compagnie, du trading pur aux financements structurs. On se pose beaucoup de questions, on remet sans cesse en cause les modles, on sadapte aux nouvelles complexits qui se crent. Price premiums for immediate supply spiked, sapping margins for refiners worldwide. For us in the middle, we have the ability then to manage the commodity risk that can be created by the timing differences between those buys and sells, said Steve Mills, ADMs senior executive vice president for performance and growth. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Fredriksen became a leading oil shipping magnate well before buying Arcadia, in 2006. Established in 2004, Mercuria has become one of the largest integrated energy and commodity trading companies in the world. Fredriksens traders then hurriedly sold the physical crude at a loss, the CFTC lawsuit claims, ending expectations for tight supplies. The three top executives at Mercuria have increased their holding in the Swiss-based commodity trader since the start of the year, according to a filing with US regulators. Together, they are worth over a trillion dollars in annual revenue and control more than half the worlds freely traded commodities. marco dunand mercuria net worth | Posted on May 31, 2022 | resultat rugby auvergne 1re srie sams secrtaire mdicale But there was one lesson that Rich must have cut short: how to avoid jail. 1987:Rejoint le trading de matires premires chez Cargill, puis Goldman Sachs, Salomon Brothers et Sempra. Gunvors oil dominance has waned in the past two years -- it is handling around a fifth of Russian seaborne oil exports, down from a third three years ago. Comment le voyez-vous voluer? We dont see the need to raise money from the market, Dunand said. Linformatique aide pour matriser ces problmes de corruption ou de manipulation de march. For many commodities traders, the most profitable ploy has been the squeeze, which involves driving prices up or down by accumulating a dominant position. The very public power struggle was all the more remarkable because the company normally keeps everything, from its precise earnings to the exact age of its main shareholder and chairwoman, a secret. Several big trading houses are still family-held -- firms like agricultural giant Cargill, the top private U.S. company, or Kansas-based Koch Industries, a close No. In early 2007, when world grain prices were surging toward all-time highs, it faced a problem in Ukraine. newsletter, Energy Source. Mercuria reported net income of $286m for 2015, up from $273m for 2014, said people familiar with the matter. But most analysts think it needs fresh capital to grow, or to buy out minority family shareholders who will have the option to sell their stakes in 2012. Back in Hong Kong, he traded commodities with China in the 1970s and was the first to sell Chinas Daqing crude oil to the United States. Est-ce quon vise une stabilit du prix 75dollars ou plutt 60? Margarita Louis-Dreyfus told Les Echos that a listing, merger or the entry of a private investor were all options. Ds que vous vous rveillez le matin, vous rflchissez, cest un truc qui tourne 24heures sur 24, une remise en cause constante. Critics, including the Russian opposition, put it simply -- Russias paramount leader helped businessman Gennady Timchenko create the Gunvor oil trading empire, which saw a spectacular rise in the past decade when Putin was president and then prime minister. Thats what Koch, Vitol and others did in 2009 when they parked 100 million barrels of oil in seaborne tankers. When spot and futures prices began to converge, Koch would quietly slip crude from the ships into its onshore pipelines. Dunand is the co-founder and CEO of Mercuria Group, one of the world's largest independent energy and commodity trading companies. Je pense que, trs court terme, les prix peuvent rester relativement bas, mais quils vont remonter environ 70dollars dici 4-5 mois. Thats equal to the combined oil exports of Saudi Arabia and Venezuela. With 800,000 barrels a day to market, a volume similar to OPEC country Qatar, Arcadias annual gross revenue from oil could be around $29 billion based on current prices. Its a model it has replicated across various commodities. But ADMs reputation has endured a black eye or two over the years. Our activities Mercuria trades physical oil, energy products and other commodities from business hubs in Geneva, London, Singapore, Shanghai and Houston. Heres a look at the 16 companies, with aggregate revenues of $1.1 trillion, that trade energy, metals and agriculture. The company now operates in 60 countries. [21][22], In 2019, Mercuria acquired bankrupt Aegean Marine Petroleum Network Inc and restructured the company to operate as Minerva Bunkering, a leading global physical supplier of marine fuels and a fully-owned subsidiary of Mercuria Energy Group Limited. En Europe, le changement climatique est une proccupation importante, mais il nest pas du tout vident que la population soit prte payer cette transition. In 2014, Mercuria bought part of JPMorgan's physical commodities trading business for a reported US$3.5 billion. LONDON, Dec 1 (Reuters) - Mercuria, one of the world's top energy traders, has raised almost $1.1 billion through a loan facility and the sale of oil and gas assets, beefing up its balance sheet for future growth, its chief executive said on Thursday. En plus, la technologie chamboule le commerce, et ces changements se produisent sur une priode relativement brve. Cela signifie-t-il quon verra dans quelque temps une flotte de dizaines de ptroliers ravitailleurs aux couleurs de Mercuria? WHO: Olam, founded 1989 by the Kewalram Chanrai Group, began trading cashews from Nigeria. He has made a fortune. It also said its foreign units had ended sales to Iran years ago, and did not violate U.S. law by conducting business with Iran earlier. Son directeur gnral et cofondateur, Marco Dunand, justifie cet activisme. His partners seized control of the firm in 1994, renaming it Glencore. Mercuria, the former owner of Vesta Terminal, entered into a joint venture with Sinopec by selling 50% of the terminals in 2013. With Kochs easy access to tankers and pipelines, the strategy locked in profits of up to $10 a barrel with virtually no risk, traders said. On sait trs bien qu terme il faudra baisser la consommation de charbon. Overnight on Wall Street is morning in Europe. Pourquoi cet investissement? In March 2014, the firm purchased JP Morgan's physical commodities unit for $3.5 billion. With around $100 billion in sales, Koch Industries is a heavyweight among U.S. oil trading firms, and one of the most secretive U.S. corporations. Glencores flotation has sparked speculation about a possible Vitol initial public offering and what it would be worth. Dans tous ces pays, vous nouez des partenariats avec des entreprises extrieures. It helps that the firm usually has the backing of Washington. Many amass speculative positions worth billions in raw goods, or hoard commodities in warehouses and super-tankers during periods of tight supply. In 1937 the Chicago Board of Trade forced the company to sell its corn contracts and Secretary of Agriculture Henry Wallace accused it of trying to corner the U.S. corn market. En ce moment, a se passe au tribunal, cest trs complexe, avec des avocats et des contrats qui font des centaines de pages. Put it this way: two of them, Vitol and Trafigura, sold a combined 8.1 million barrels a day of oil last year. That is as far as it goes -- yet time and again, the media wrongly jump to the conclusion that the judo club connection means that Mr Putin and I are close, then leap into conspiracy-theory mode.. With a turnover of more than USD 100 billion, the Group, primarily focused on energy, is present all along the commodities value chain with activities forming a balanced combination of . Twitter. WHO: Trafigura, founded 1993 by former Marc Rich traders Claude Dauphin, Eric de Turkheim and Graham Sharp. Big trading firms now own a growing number of the mines that produce many of our commodities, the ships and pipelines that carry them, and the warehouses, silos and ports where they are stored. And his silence helped feed rumors about Gunvors remarkable growth. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. The firm is now the worlds largest shipper of Robusta coffee and counts Nestle, Hershey, General Mills and Sara Lee as clients. Tea Party movement. BEIJING, Sept 29 (Reuters) - The little known Asia head of Mercuria will be key in tying the Swiss commodity trader's $3.5 billion acquisition of JP Morgan Chase and Co's physical commodity desk. Founded in 1974 by Marc Rich, who fell foul of U.S. authorities but was later pardoned by President Bill Clinton, Glencore has assets spanning the globe and an oil division with more ships than Britains Royal Navy. Verghese, who Forbes says is worth $190 million, believes he can go it alone and aims to quadruple the companys value by 2015. They and their affiliates joined as founders of Mercuria, and they remain as shareholders today. With nearly $10 billion worth of cash and bank deposits on Wilmars balance sheet, Kuok is unlikely to stop his expansion drive there. 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