Mercuria
11 stories related to this topic, newest first.
rigzone.comMercuria and Motor Oil Hellas Sign LNG Supply Cooperation Agreement
Mercuria Energy and Motor Oil Hellas signed a memorandum of understanding on May 25, 2026, to cooperate on LNG supply through the Dioriga Gas FSRU project in Greece's Saronic Gulf. The agreement creates a framework for long-term cooperation between the two companies.
BloombergMercuria Sues Baltic Exchange Over Middle East Oil Shipping Benchmark
Energy trader Mercuria has sued the Baltic Exchange, alleging distortion of a key benchmark for Middle East oil shipping costs. The suit relates to impacts from the Hormuz incident. Details remain limited as the case unfolds.
zerohedge.comGulf Disruptions Raise Aluminum Prices to Four-Year High
Severe disruptions in the Gulf region have led to major smelters declaring force majeure and the Hormuz chokepoint remaining blocked for much of the week. Analysts at Mercuria, JPMorgan, and Goldman Sachs warn of a significant supply deficit, with aluminum prices surging amid con…
zerohedge.comChinese Oil Companies Offer Crude in Global Tenders Over Recent Weeks
Chinese oil companies have sold barrels to several nations in tenders, acting as aggressive sellers amid global market shifts. Mercuria CEO Marco Dunand highlighted this trend at a summit, linking it to factors like Iranian oil sales and inventory releases. Current oil prices ros…
zerohedge.comAluminum Prices Reach $3,615.90 per Ton Amid Middle East Conflict-Related Supply Disruptions
The ongoing Middle East conflict has disrupted aluminum production, leading to a major supply shock described as the largest in base metals since 2000. Prices rallied to multi-year highs amid shortages, with Mercuria projecting a 2 million ton deficit by year's end. Strikes targe…
Substrate placeholder — needs reviewChina Crude Imports Fell in March as Buyers Drew Down Stockpiles Amid Iran Disruption
China's crude oil imports declined 2.3% year-on-year in March 2026 to 49.98 million tons, reflecting a drawdown of inventories built up in 2025. Mercuria's chief executive said at a summit that China is likely to resume large-scale buying within weeks. First-quarter imports remai…
Substrate placeholder — needs reviewMercuria Energy Plans to Raise at Least $200 Million in Asia Financing
Mercuria Energy is seeking at least $200 million in financing from Asia amid rising costs from the Iran war. Commodity traders are turning to alternative funding sources. The move reflects broader challenges in purchasing cargoes due to the conflict.
SemaforDR Congo State Miner Increases Copper Commitment to US to 500,000 Tonnes
DR Congo's state-owned mining company Gécamines has pledged 500,000 tonnes of copper for sale to the US, five times the amount announced earlier. The commitment comes through a joint venture with Swiss commodities trader Mercuria. This development relates to efforts to manage min…
Substrate placeholder — needs reviewGlencore and Mercuria Agree to Increase LNG Purchases from Commonwealth LNG Project
Glencore and Mercuria have agreed to buy additional liquefied natural gas from the proposed Commonwealth LNG plant in Louisiana. Glencore will purchase 3 million tons annually, a 50% increase from the initial deal. The agreements support the development of the export facility ami…
Substrate placeholder — needs reviewGlencore and Mercuria Sign 20-Year LNG Purchase Deals with Louisiana Export Terminal
Glencore and Mercuria have agreed to increase liquefied natural gas purchases through 20-year contracts with an export terminal under development in Louisiana by Kimmeridge. The deals support the expansion of LNG export capacity in the United States. This arrangement involves maj…
Substrate placeholder — needs reviewVeteran Trader Sonny McNess Leaves Mercuria After Building Large Aluminum Positions
Sonny McNess, a veteran trader at Mercuria, has departed the company. During his tenure, he contributed to the development of substantial aluminum positions that prompted the London Metal Exchange to modify its rules. The departure follows these events, with details on the backgr…