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Brazil’s Batista brothers are expanding the family energy footprint in oil and gas with the acquisition of a company that has three natural-gas fields in the Tarija-Chaco basin in Bolivia. Fluxus, the oil and gas company owned by Wesley and Joesley Batista — the tycoons who built beef giant JBS SA — completed a deal Thursday to buy Pluspetrol Bolivia. ...
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Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through March, good for a 73% decline from a record $5.5 billion posted a year earlier. The company’s revenue fell 5.4% ...