10.07.2014 - Big Commodity Traders Gain Clout
A handful of giant commodity traders such as Netherlands-based Trafigura Beheer BV and Vitol Group are increasingly taking a central role in global commodity markets. These once-obscure firms aren't just betting on prices or arranging product shipments. They are taking on oil companies, miners and major Wall Street banks by sinking billions of dollars into refineries, power plants, ports and other assets. The four biggest traders—Vitol, Glencore, Cargill Inc. and Trafigura—each boast annual revenue of more than $100 billion, putting them in the ranks of household names such as Apple Inc. and Chevron Corp...............................................Full Article: Source
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