Lucia Kassai

Commodity powerhouses Trafigura and Macquarie are seeking to profit from a surge in price volatility.

Trafigura y Macquarie, grandes empresas de los commodities, buscan sacar provecho del aumento de la volatilidad de los precios.

Sales of Venezuelan oil for loading in October stalled after a surge in shipping costs muddled negotiations between the country’s state oil company and buyers of its oil.

Chile’s state oil company will shut part of the country’s largest oil refinery for maintenance, threatening to worsen the diesel crunch with global fuel markets never tighter.

An idled refinery in the US Virgin Islands — once the world’s largest fuel-making plant — aims to reopen next year thanks to interest from the US government, investors and a commercial partner committed to buying its output.

When hurricanes sweep through the Gulf of Mexico, oil companies can lose millions of dollars waiting for the all-clear to restart production. Shell Plc thinks a fleet of drones can help cut that wait.

Shell received U.S. approval to become the first oil producer to use drones on offshore platforms in the Gulf of Mexico to speed post-hurricane inspections.

Saudi Aramco’s Texas oil refinery owns some of the crude carried by a tanker that was cyberattacked en route to the US.

Yaoyao Liu, whose trading in oil derivatives made billions of dollars for Vitol Group over a career marked by dramatic highs and lows, is leaving the commodities trading giant.

Some top commodity brokerage firms are gearing up for what is promising to be the next front for AI trading: the buying and selling of derivatives tied to the cost of renting computing power used to develop and run artificial intelligence.