Today’s Futures News Commodities traders acquire power stations The Swiss-based commodities traders are expanding into assets, buying or leasing anything from refineries to pipelines and terminals. Now Vitol, the largest oil trader, has bought a power station, signalling the return of the independent trading houses …See all stories on this topic » Citigroup Sees 'Death [...]

Today’s Futures News Riverstone leads talks on $1bn commodities venture David Silbert, the head of commodities at Deutsche Bank between 2007 and 2012, plans to launch TrailStone this year. He said the negotiations with Riverstone and other strategic investors had not been finalised, adding that “TrailStone will begin with …See all stories on this topic [...]

Today’s Futures News Tougher times for commodities trading titans After a decade of booming profits, the commodities trading titans are facing headwinds. That, in a nutshell, is one of the key takeaways of the 360-page maiden bond prospectus from oil trader Gunvor.See all stories on this topic » George Soros Moves Away From Commodities, Japanese [...]

Today’s Futures News Falling gold price sparks sell off – Sydney Morning Herald An overnight fall in the gold price below $US1400 ($1416) an ounce sparked a sell-off of local mining stocks, as commodities slipped on weak global economic data and a strengthening US dollar. A sharp drop in the gold price for the second [...]