Dunand is the co-founder and CEO of Mercuria Group, one of the world's largest independent energy and commodity trading companies. Dans le march du fioul marin, on a envie de jouer un rle en facilitant la transition vers des carburants moins soufrs. And its not just the Europeans. Inside the lake office, as it is known, sits the chairman of Cargill Inc., one of the largest privately held companies in the world. In April Noble appointed Li Rongrong, former chairman of the state-owned assets supervision and administration commission of China, as a non-executive director. Mercuria had an equity value of about $4.4 billion in 2021, based on financial information on its website, which would make the stake worth at least $220 million. Among their campaigns is one to end the U.S. Environmental Protection Agencys mandate for regulating greenhouse gas emissions. We have a system that monitors the supply and demand needs, because often times they are working independently. Unsuccessful talks have taken place with Singaporean commodities group Olam International Ltd, while bankers say they have been sounded out about a stock market listing. Pinterest. Le Temps: Vous tentez actuellement de racheter le spcialiste grec du ptrole maritime Aegean, en quasi-faillite, pour quelque 532millions de dollars. Retrouvez tous nos articles consacrs aux matires premires. Its early dealings with the Libyan rebels may offer the chance of a foothold in Libyas oil and gas territory. Two decades ago, Chinese farmers fed their pigs just about anything they could lay their hands on. 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 meteoric growth has been piloted by a couple of the sharpest minds in commodities. Il faut une transition. 13 in the Fortune 500 list of publicly held companies, just behind Wall Street banking giant Citigroup. Comment slectionnez-vous vos projets? The top five piled up $629 billion in revenues last year, just. We know how to close the gap (with Vitol and Glencore) and we are actively catching up, Tornqvist said. 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. The company, which went public 10 years ago, realized early that rising incomes in Asia could be fed by Brazil and Argentina, two of the last remaining countries with new farmland left for crop cultivation. ADMs environmental record has also been questioned by the Environmental Protection Agency, resulting in fines and forced installation of pollution control measures. Standard Digital includes access to a wealth of global news, analysis and expert opinion. By and large they move as a team, says one retired wheat trader who did business with Cargill for decades. Top officials in many other large trading companies began their careers at Glencore. Still not entirely comfortable with his public profile, Glasenberg has described his shift into the glare of publicity as crossing the Rubicon. Marco Dunand, patron de Mercuria: Notre approche est assez intellectuelle Matires premires Le trader genevois Mercuria veut s'emparer du gant grec en faillite Aegean Marine Petroleum. . Compare Standard and Premium Digital here. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Un trader, cest un peu la mme chose: il ne demande pas la permission quand il doit acheter ou vendre. Price premiums for immediate supply spiked, sapping margins for refiners worldwide. While its savvy traders were doing deals in eastern Libya, Vitol, along with rival Trafigura, kept refined product supplies flowing to the besieged government of Bashar al-Assad in Syria as his troops attacked civilians. Links: en.wikipedia.org. After a newspaper interview he wrote an open letter in 2008 headlined Gunvor, Putin and me: the truth about a Russian oil trader. [29] [17][18] Magid Shenouda,the former co-head of commodities trading at Goldman Sachs Group Inc, joined Mercuria as a shareholder, global head of trading and deputy CEO. Avez-vous un commentaire ce sujet? 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. Dans cette affaire, certains vous reprochent de dployer une stratgie agressive, dite loan to own, savoir prter des concurrents en dtresse pour semparer deux. Mercuria vient dtre cit dans une affaire de corruption au Brsil qui concerne aussi trois de vos concurrents suisses (Vitol, Trafigura et Glencore). Despite a concerted campaign in recent years to put forth a friendlier face and personality through advertising and more appearances by its executives in public forums, Cargill is bound together by a culture of confidentiality, aggressiveness -- and winning. Arcadia often trades large volumes of oil from Nigeria and Yemen, where it boasts close relationships with state oil firms. Mais on fait un effort constant pour sassurer que les rgles sont respectes. In 2011 the company will turn over $80 billion, up from just $5 billion in 2004. Its website reveals little more than that it is the trading arm of privately owned oil company Marquard & Bahls. I would love for them to be listed on the stock market, said Gertjan van der Geer, who manages an agriculture fund for Swiss bank Pictet. Glencores initial public offering was the largest globally this year, attracting huge publicity as well as arguments that it marked the top of the commodities cycle. 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 . Glencore has long made its fortune by working on the fringes and in areas where few others dared. CNIC did not respond to. We havent seen this pace of population growth in our living memory, Verghese told a conference in Singapore late last year. Wall Street heavyweight JP Morgan is advising Noble on the planned listing. Heres a look at the 16 companies, with aggregate revenues of $1.1 trillion, that trade energy, metals and agriculture. It buys and sells multiple crops, mills and grinds and processes them into scores of products, both edible and not, and ships them to markets around the world. Mabanaft is aiming to further diversify its product portfolio by pursuing a controlled geographic growth strategy, is all communications manager Maren Mertens is able to offer on the subject. A l'ouverture du sommet des matires premires de Lausanne, le FT Commodities Global Summit, le directeur de Mercuria, Marco Dunand, dcrit la concentration vcue par le secteur, les nouvelles sources de croissance et les dfis technologiques. Overall Arcadia profited by $50 million in derivatives markets as oil futures spreads collapsed, according to the suit. A master of physical markets, it owns a 4,000-mile U.S. pipeline network and three of the countrys most profitable refineries. Koch said its 90s-era pipeline blast was the only event of its kind in the companys history, and that a report to Texas regulators was voluntarily submitted by the company in 1995 to reflect higher emissions than it had originally reported. Dans tous ces pays, vous nouez des partenariats avec des entreprises extrieures. He is flanked in the top investor table by the youthful heads of Glencores major divisions. 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. The business has grown to 890 employees in 28 countries with a turnover at $75 billion, trading almost 120 million tonnes of oil, coal and gas. [27][28], In 2021, Mercuria bought the clean energy specialist Beyond6 from HC2Holdings for $169 million. The firms far-ranging industrial interests also include chemicals, forestry, ethanol, carbon trading and ranching. That gives its traders the advantage of timely market intelligence. 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 company's gross profit on sales for the year was $1.86 billion. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. But ADMs reputation has endured a black eye or two over the years. It has grown into the worlds third-largest independent oil trader and second-largest industrial metals trader in less than 20 years, since it was set up in the early 1990s by Dauphin and fellow traders Eric de Turckheim and Graham Sharp. Many of the biggest players in oil and metals trading trace their roots back to notorious trader Marc Rich, whose triumph in the 1960s and 70s was to create a spot market for oil, wresting business away from the majors. 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. On its website Koch said it dismissed several employees of a French subsidiary upon learning of the improper and unauthorized payments. 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. Inscrivez-vous et recevez les newsletters de votre choix. Learn more about Energy. Nobles shareholders include Chinas sovereign wealth fund, China Investment Corp., which bought an $850 million stake in 2009, and Korean Investment Corp., which has a minority stake. The group operates in 50 different countries.Mercuria was started in 2004 by Marco Dunand and Daniel Jaeggi, then . In a May interview with Reuters, Fredriksen refuted the charges and shot back that maybe they (U.S. regulators) are trying to get some revenge for the 2010 BP oil spill in the Gulf of Mexico. Cargill has since placed a moratorium on buying soybeans from newly deforested land. In 2014, Mercuria bought part of JPMorgan's physical commodities trading business for a reported US$3.5 billion. Mercuria is a Geneva, Switzerland-based trading firm focused on energy products and dry bulk commodities. J+S denied any wrong-doing and suggested the investigation was politically motivated. On va probablement faire une proposition pour reprendre une partie de la socit, mais cest un processus comptitif, donc a se fera sans doute avec dautres. Trafigura paid a $200 million settlement and the countrys prosecutor declared that there was no evidence of any illegality or misconduct by any Trafigura company or staff. 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They have some superstars but mostly a lot of team players -- what I would describe as well grounded, fundamental traders.. Koch eventually pleaded guilty in 2001 to a felony charge related to its reporting of the benzene emissions. Thats what Koch, Vitol and others did in 2009 when they parked 100 million barrels of oil in seaborne tankers. Belgium-born Rich sold his stake in 1994. Was Vitol in violation? What matters is that the group and its name survive, she said. But theres little room for maneuver: the majority stake she inherited is locked up in a trust her husband set up to last for 99 years. In two decades of oil trading, Dunand and Jaeggi built fearsome reputations for seeing profit margins where others could only see potential losses. [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. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? Du fait que sept pays ont obtenu des exemptions pour importer du ptrole iranien, on sest retrouvs trs rapidement en situation de surplus. Founded 25 years ago by Briton Richard Elman, the Hong Kong-based, Singapore-listed Noble Group buys and sells everything from Brazilian sugar to Australian coal. As Chinas clout grows, its very likely that Chinese firms will build trading dynasties of their own. On se pose beaucoup de questions, on remet sans cesse en cause les modles, on sadapte aux nouvelles complexits qui se crent. with 37 additional offices worldwide. a rend la tche plus difficile pour ceux qui, comme Aegean, distribuent lhuile de soute [le fioul lourd utilis par les gros navires de commerce]. Asian demand for South American soybeans has exploded over the last five years and Bunge is arguably the best positioned company in the world as it relates to servicing and profiting from the Asian demand trend, said Jeff Farmer, an analyst who follows the company for Jefferies & Company in Boston. Pourquoi cet investissement? Parce que rien nest jamais acquis. Like Vitol, he says, Gunvor has no plans to follow Glencore into an IPO. valid targets for google cloud monitoring uptime alert notifications . A small Minnesota linseed crushing business more than a century ago, the firm is now is so big its financial performance is often viewed as a barometer of agribusiness as a whole. Journalists in 50+ countries follow the constant flow of money made and lost in oil & gas while The godfather of oil trading, Marc Rich, taught one of his most talented apprentices Claude Dauphin almost every trick in the business. Putin finally broke his silence last month: I assure you, I know that a lot is being written about it, without any participation on my part. It owns processing plants, railcars, trucks, river barges and ships. No sentimental attachments to any country or location. En un sens, cest une stratgie relativement vague, relativement large. WHO: Cargill, founded 1865 by William Wallace Cargill at the end of the U.S. Civil War, WHERE: Minneapolis, Minnesota WHAT: Grains, oilseeds, salt, fertilizers, metals, energy, TURNOVER: $108 billion (2010) CEO: Greg Page STAFF: 130,000. Les sanctions amricaines contre lIran il y a quelques mois ont envoy le baril 83dollars avant quil perde plus du tiers de sa valeur en un mois et demi. And unlike commodities producers, such as U.S. oil giant Exxon Mobil, trading firms dont just make money when prices go up. Cela signifie-t-il quon verra dans quelque temps une flotte de dizaines de ptroliers ravitailleurs aux couleurs de Mercuria? Cargill hopes to dominate new markets as well. In 2006, J+S was raided by the Polish authorities in connection with an investigation into oil trading in Poland. The government of Ivory Coast said 16 people died. By annual revenue Vitol is richer than Glencore but the numbers arent directly comparable -- Glencore owns more hard assets which, typically, are far more profitable than trade turnover. 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 Hin Leong made its name in the hard-fought Asia fuel oil and distillates market over 20 years ago, and is arguably the largest independent distillates trader in Asia, regularly mounting successful trading plays in the Singapore market. But make no mistake, if you perform well at Koch, you are richly rewarded in salary terms, the person added. The warehouses seem to have an infinite capacity to absorb metal, but a very small capacity to release it, said Nick Madden of Novelis, the worlds top rolled aluminum producer. Arcadia has faced controversy before. Many amass speculative positions worth billions in raw goods, or hoard commodities in warehouses and super-tankers during periods of tight supply. Finding itself with a big client base, but short of the physical supplies it needed to meet demand, Noble built its own processing facilities. Which may be why Mabanaft wants to expand beyond its northern European heartland. You may change or cancel your subscription or trial at any time online. Courts did not find any connection between its waste and sick people. In a 2009 State Department cable from Yemen, obtained by WikiLeaks and provided by a third party to Reuters, sources told U.S. diplomats that the company used intimidation tactics including kidnapping threats to buy Yemeni crude at below market prices. 2. Or this: Glencore in 2010 controlled 55 percent of the worlds traded zinc market, and 36 percent of that for copper. Analysts and commentators focused on differences between the forty-something, Russian-born Margarita Louis-Dreyfus and chief executive Jacques Veyrat over how to develop the 160-year-old family firm and whether to list its shares or seek a merger deal. I never interfered with anything related to his business interests, I hope he will not stick his nose into my business either, Putin said. [20] Mercuria also acquired the reorganized Aegean Marine which was renamedMinerva Bunkering. That strategy has often succeeded, though last month it found itself at the center of a dispute in the newly minted nation of South Sudan. Les quipes travaillent ensemble depuis des annes, elles ont appris lADN de la bote tout en prenant des dcisions de manire autonome. Together, they are worth over a trillion dollars in annual revenue and control more than half the worlds freely traded commodities. Cest vrai qu titre personnel le changement climatique est vraiment quelque chose qui me proccupe. We are not thinking about an IPO -- but that doesnt mean we dont have an open mind, Dunand told Reuters in June. Notre rle nest pas de financer des socits en faillite, plutt de restructurer des business qui sont mal en point. The top five piled up $629 billion in revenues last year, just below the global top five financial companies and more than the combined sales of leading players in tech or telecoms. Tornqvist says Gunvors goal is to become a truly global company. The suit was settled out of court for an undisclosed sum. NEW YORK (Reuters)- For the small club of companies who trade the food, fuels and metals that keep the world running, the last decade has been sensational. Having said that, we have also been approached by potential investors -- sovereign funds and others -- who wish to make a private-equity type of investment in our company.. On a des activits diverses lintrieur de la compagnie, du trading pur aux financements structurs. Further, the company highlighted its commitment to expanding its signature Swiss-style apprenticeship program for American veterans at its U.S. facilities. In metals, stock in warehouses can be tied up for years as loan collateral, allowing the same traders who dominate the metals market to control a huge chunk of world supply -- an apparent conflict of interest that has drawn criticism from the UK parliament. As it turns the pumps back on, Libyan oil firm Agoco has allocated Vitol half of its crude production to repay debts. Mercuria Group Bio Marco Dunand is Chief Executive Officer of Mercuria Energy Group, one of the world's largest independent energy and commodities companies. It doesnt look likely anytime soon. 2004:Fondation de Mercuria avec Daniel Jaeggi. [29] In November 2022, it was announced Beyond6 has been acquired by the Chevron Corporation subsidiary, Chevron USA Inc.[30], Last edited on 18 November 2022, at 13:08, Review of International Political Economy, "China slowdown spells end of big payday for iron ore traders", "RPT-Oil traders diversify into food and metals in quest for profits", "Citi sells Phibro after government pressure", "Polskie obywatelstwo i fortuna zbita na ropie", "Oil and Gas, PetroLama Energy Canada Inc. Calgary, AB Home", "Prior notification of a concentration (Case COMP/M.6807 Mercuria Energy Asset Management/Sinomart KTS Development/Vesta Terminals): (Text with EEA relevance)", "Oil traders say banks are demanding green targets for loans", "Louis Dreyfus metal traders, investment managers will join Mercuria Energy", "Mercuria Energy Group Ltd buys MGM International from Morgan Stanley - CEOWORLD magazine", "J.P. Morgan Completes Sale of Some Commodities Operations to Mercuria", "JPMorgan sells physical commodities unit to Mercuria for $3.5 billion", "ChemChina Acquires 12% Stake in Swiss Commodity Trader Mercuria", "Restructured Aegean Marine Becomes Minerva Bunkering", "Energy trader Mercuria gets green light to buy Aegean Marine Petroleum", "Aegean Marine Petroleum Network Inc. Reorganizes as Minerva Bunkering", "Energy trader Mercuria posts record profit for volatile 2020", "Trader Buys $36 Million of Copper and Gets Painted Rocks Instead", "Mercuria Buys Clean Energy Specialist Beyond6", "Chevron to acquire full ownership of Beyond6 CNG Fuelling Network", "Mercuria Commodities Canada Corp. - Relationship Science", "Mercuria Grows its Global Metals Trading Business", https://en.wikipedia.org/w/index.php?title=Mercuria&oldid=1122604639, US$121 billion (2019) We support credit card, debit card and PayPal payments. Thats equal to the combined oil exports of Saudi Arabia and Venezuela. Their move to run their own empire came in 2004 when they founded Mercuria, raising capital from two Polish businessmen, Grzegorz Jankielewicz and Slawomir Smolokowski. Cest un processus assez collgial. Jankielewicz and Smolokowskis company, J+S Group, traded Russian crude oil and was a leading supplier of oil to PKN Orlen, Polands top oil refiner. Cargill, as well as fellow U.S. commodity trading firms Bunge and ADM, agreed to undertake a public relations effort with the goal of creating a political problem for the Government of Ukraine, according to a 2007 diplomatic cable by the U.S. ambassador to Ukraine that was obtained by WikiLeaks and made available to Reuters by a third party. One of their secrets: filling the empty barges headed home. 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. Founded in 1818 in Amsterdam, the company is the worlds No.1 oilseed processor. In April, she and Veyrat told business daily Les Echos that the CEO would be stepping down to make way for Serge Schoen, head of Louis Dreyfus Commodities. 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While Vitol would not comment, industry talk has it that none of its senior employees, including CEO Ian Taylor who joined from Shell in 1985 or long-timer Bob Finch who heads Vitols coal business, holds more than 5 percent of the company. 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. WhatsApp. The colleagues of Marco Dunand. 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. 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. The top trading firms are price makers, said Chris Hinde, editor of London-based Mining Journal. Tout le monde est autour de la table, puis le projet monte au niveau de la direction. Son directeur gnral et cofondateur, Marco Dunand, explique les dessous de cette stratgie. The company's gross profit on sales for the year was $1.86 billion. In some cases it makes up 60-80 percent of what they do, said Carl Holland, a former price risk manager at oil major Chevron Texaco, who now runs energy consultancy Trading Solutions LLC in Connecticut. US$104 billion (2017), This page was last edited on 18 November 2022, at 13:08. Peut-tre que notre spcificit, cest davoir une approche assez intellectuelle. Son directeur gnral et cofondateur, Marco Dunand, justifie cet activisme. In derivatives markets as oil futures spreads collapsed, according to the suit trading for. Le spcialiste grec du ptrole iranien, on sadapte aux nouvelles complexits qui se crent dollars in revenue... Controlled 55 percent of the improper and unauthorized payments Daniel Jaeggi, then and tenements network and three of countrys... 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And tenements planned listing Exxon Mobil, trading firms dont just make money prices. Has described his shift into the glare of publicity as crossing the Rubicon you are richly in... Of oil from Nigeria and Yemen, where it boasts close relationships with state oil firms be why wants! Boasts close relationships with state oil firms they could lay their hands on nouvelles complexits qui crent! And Jaeggi built fearsome reputations for seeing profit margins where others could only see potential losses Mobil trading! Monde est autour de la bote tout en prenant des dcisions de manire autonome le grec..., Chinese farmers fed their pigs just about anything they could lay their hands on anything they could their...

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