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Crude exports from the world's largest oil exporter decreased 6.9% to 5.968 million barrels per day (bpd) in April, down from 6.413 million bpd in March. The country's crude production rose to 8.986 million bpd in April from 8.973 million bpd in the prior month. Data also showed that Saudi refineries' crude throughput fell by 0.015 million bpd to 2.545 ...
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The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Trafigura Trading LLC, a global commodities merchant with its principal place of business in Houston, Texas, for multiple violations of the Commodity Exchange Act (CEA) and associated CFTC regulations. The order requires Trafigura to pay a $55 ...