Welcome to the real world of commodities trading. Home to firms like Vitol and Trafigura, who trade more oil than Saudi Arabia and Venezuela can produce. They disrupt markets.
And they have ambitious plans to grow. It became the first company to supply gasoline to the energy ministry after the war inand now is both a buyer of Iraqi crude and supplier of refined products. An array of storage tanks on five continents oils the wheels of its vast trading operation and it has stepped into the gap left by the oil majors as they reduce their downstream presence to focus on upstream exploration and production.
It has also dipped a toe in the upstream business. Together with Glencore, it pre-qualified to bid for exploration rights in Iraq in a licensing round next year that that could add the Iraqi upstream to its offshore West Africa operations. Vitol says it is happy with its private status and has no IPO plans. Sanctions targeted Gaddafi. Was Vitol in violation? Lawyers said doing business with the rebels still required great care.
But by the end of April, a U. Treasury directive authorized the Vitol transactions. Switzerland-based Glencore cast aside its famed secrecy earlier this year with a record market debut that turned its executives into paper millionaires and propelled the firm into the headlines. Founded in by Marc Rich, who fell foul of U. Top officials in many other large trading companies began their careers at Glencore.
Though it began as a pure metals and oil trader, Glencore has bought a wealth of industrial assets since the late s which now stretches from South American farmland to copper mines in Zambia.
Together, Glencore employees, including many of its top traders, own just under 80 percent of the company. Glencore has long made its fortune by working on the fringes and in areas where few others dared.
That strategy has often succeeded, though last month it found itself at the center of a dispute in the newly minted nation of South Sudan. The shares listed at pence in May but have since traded below that, dropping almost a quarter in three months. Civil War. Over the last years, Cargill has grown from a single grain storage warehouse by an Iowa railroad to a behemoth of world commodities trade, straddling dozens of markets for food and other essential materials — salt, fertilizer, metals.
But Cargill is anything but public. Despite a concerted campaign in recent years to put forth a friendlier face and personality through advertising and more appearances by its executives in public forums, Cargill is bound together by a culture of confidentiality, aggressiveness — and winning. People forget about it. But it was absolutely one of the greatest moves in the business.
Cargill hopes to dominate new markets as well. It helps that the firm usually has the backing of Washington. In earlywhen world grain prices were surging toward all-time highs, it faced a problem in Ukraine. Citing concerns over potential shortages and rising bread prices, Kiev had placed export quotas on cash crops and temporarily stopped granting export licenses for corn, wheat, barley and other grains.
Cargill, as well as fellow U. Founded in the s by patriarch Fred Koch, a U. Investors can forget about buying shares in the wildly profitable, family-run firm any time soon. In oil markets, Koch is a brutally efficient middleman. A master of physical markets, it owns a 4,mile U. Many small producers rely almost entirely on Koch to buy, sell and ship their crude.The group makes its profit by the margin difference on buying and selling.
Trafigura said it had taken a major write-down in the value of its industrial and logistical assets to reflect the impact of adverse market conditions, notably in bulk commodities. Trafigura has, perfectly legally, become an increasingly important player in the Russian oil market in the past couple of years as it has stepped in while many other traders have shied away from deals because of the Ukraine-related sanctions hurting the ability of companies such as Rosneft to raise long-term finance.
Trafigura has stepped up with a series of short-term deals. Then it makes sense for companies such as Trafigura to buy now, store the oil and sell at a later date. Last month, Trafigura closed its metals hedge fund, citing difficult conditions in commodities markets.
The Singapore-based group became infamous in for super-injuncting the Guardian to prevent it publishing a report about a toxic dumping incident in Ivory Coast.
Superinjunctions prevent the media from even reporting their existence. Topics Trafigura. Oil Commodities news. Reuse this content. Order by newest oldest recommendations. Show 25 25 50 All. Threads collapsed expanded unthreaded. Loading comments… Trouble loading? Most popular.For this salary and bonus range, Low is the 10th Percentile and High is the 90th Percentile. These ranges are from employer specific salaries submitted by WSO members.
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The dark blue line within each bar represents the average salary for that position. The green line within each bar represents the median salary for that position. You can get the exact average and median by hovering over any bar. For interns and other positions that are paid hourly, weekly or monthly, we have annualized their base salary for easy comparison based on a 40 hour work week and 50 weeks worked per year.
Similar companies See all. Home Company Database Trafigura Salaries. Trafigura Salaries 15 total salary submissions. All data Summary. Analyst Intern Other. Position of Submissions. You can get the exact average and median by hovering over any bar For interns and other positions that are paid hourly, weekly or monthly, we have annualized their base salary for easy comparison based on a 40 hour work week and 50 weeks worked per year. Analyst 13 Salaries. Other 2 Salaries. Intern 2 Salaries.
We source, store, blend and deliver physical commodities reliably, efficiently and responsibly anywhere in the world. Trafigura is exclusively owned by its management and active employees, who are therefore focused on the long-term success of the business, promoting management depth and stability, and encouraging prudent risk management.
Impala Terminals, the independently managed multimodal logistics arm of the Trafigura Group, focuses on export-driven emerging markets. We have established a unique market position in the United States, currently one of the most dynamic regions in the global hydrocarbons industry. If you have decided not to go to university, you are excited by a career in commodity trading and you are happy to work anywhere in the world, we believe we can offer you an unparalleled opportunity.
Those selected will be offered the chance to start in either Geneva, Houston or Singapore. Simply put, opportunities at the end of the programme are unlimited, whether that ultimately be in trading or management. Depending on the function you are assigned to, you could play a role in charting the course of vessels carrying uptonnes of product, given the responsibility to manage the price risk on cargoes worth over USD40 million or even put in charge of financing multiple deals at one time with a combined total worth of over USD million.
There is no shadowing or making tea. From day one you will be a part of the team and expected to contribute as such. You will be supported fully throughout the programme to ensure you learn and progress as quickly as you can. Your salary and benefits package will be competitive and, in addition, we will support your accommodation costs over the duration of your time on the programme if required - wherever it is in the world that you will be working from.
With a concrete support system from a dedicated manager, recent graduates, programme leads and global heads of function, we will give you real responsibility ensuring unrivalled exposure to the global trading industry. Yes, it will be tough. The learning curve will be steep and we will expect a huge amount from you in a very short space of time. But if you are willing to put in percent, we will do all we can to ensure you career is propelled at an unprecedented rate, without the need for a formal university education.
We want you to be sure you are applying for the right reasons. Here are some questions you can ask yourself to see if this programme is right for you:.
When applying, take time to think about what you are writing, you can always come back to the application later, discuss this with friends, family, anyone who can advise you. We use this to see how you are with numbers and complex concepts.
This test is not meant to catch you out. It should only take about 30 minutes and you can even take trial tests before just so you are sure of what to expect. At Trafigura we like big personalities, people who are hungry, driven and motivated to succeed, but most of all we like people who are friendly and take care of each other and the people they work with.
We want to hear from you directly. This is your opportunity to tell us what makes you someone that will succeed at Trafigura. We want to know what interests you, what you are passionate about. If you are lucky enough to be invited to the assessment center - congratulations!
This is the final part of the selection process. We will take a small group of Trafigura managers and traders to meet with you. The day will consist of:. A presentation so we can tell you more about what we do and how we do it. This is your opportunity to ask questions.I am new here but have noticed that there were a lot of interesting discussions about physical commodities trading.
I was wondering if anyone had started interviewing with Trafigura for their junior trader program. I applied 2 weeks ago in Geneva but am still waiting to hear from them.
Thanks and good luck to everyone! Maybe the offer was for the graduate program? Try it for 0 bananas here. I ve had an hr person tell me its years of trading in exotics or quant stuff minimum to stand a chance.
Any views on that? Fingers crossed, good luck to everyone, did anyone get anything similar? Same here, maybe a phone screening is next? Not sure, I do wonder how and if a possible phone screening or first round interview would be similar to what has been said about the Graduate Programme. The e-mail feels like they can't decide between the cake and the cookie so they're asking both to stay fresh, and frankly I'm okay with that - at least now I'll know that if I haven't heard anything by those dates I haven't gotten through.
It's more courteous than the majority of firms, who pretend like most applicants don't even exist. Interviewed for this program inso I may be able give you an idea of what to expect.
Interviews were conducted on a Saturday in Houston there were several two-hour "shifts" from which I chose when setting up my interview window--I was led to believe that there were candidates from a multitude of geographical locations interviewing there on that day.
The recruiter indicated that the firm was looking to fill two slots from the applicant pool and second round interviews would be held in Geneva. The 2nd interview, with the traders, was much more engaging.
They seemed intrigued by my background, but did suggest that I might be "over-experienced" for the role, considering that I was already trading. Didn't make it past 1st round, but interesting experience nonetheless--kept in touch with the two traders, though. It definitely seems like a fine line between not meeting their year experience requirements and being over-qualified. Maybe I'll say I have worked for years, but not very hard!
They may be confined to the graduate program since if the interviewers only have 45 minutes they'd probably rather find out about your industry experience than whether you think the moon is made of dairy products.
The year part is not entirely true. They're looking for people who have demonstrated an interest in tradingbut don't have the background.
They tend to have between months of experience.I got shortlisted to Trafigura International Trader programme and I have my first round of interviews at their Geneva office in November. Anyone else has an interview for this program? I have a background in physical trading mainly steel and I am completing my MBA now Hey makeb, How many days it take for you to get shortlisted after finishing your online application?
Were you intimated about being shortlisted by mail or over phone? I have heard that questions are mostly based on hedging strategies and how and what would you hedge when you buy a product from nation to be shipped to another nation. Mostly basics of trading.
Congrats on the interview - I will be interviewing in Geneva also. Not a great deal of info about previous interviews. I'm guessing since we're coming from trading backgrounds it's going to be technical. PM if you want to discuss further. For others interested I had HR screening call a few weeks ago and invite to interview on that call. My background is paper commod trading mainly oil productsoptions and structured products, 4.
Congrats on the call to Geneva Jothy17 and all the best for the interview. Once you were done with your online applicationhow many days did it take for you get a screening call?
Was it just the usual brain teasers or something to do with trading? Wasn't too taxing. I ve been preparing for the interview by mainly "studying" their website and meeting with other traders not from trafigura to discuss and ask questions. I wondered if somebody has more insights about the selection criteria and the required professional background. I fnished a 3-years apprenticeship in a soft commodity shop and rotated between different departments as tradinglogistics and operations, trade finance, ship risk management and economic analysis.
But I cannot provide a PnL, because I mainly executed the trading strategy, sometimes I formulated on trading ideas and arbitrage opportunities, but was not responsible for the positions or the product account. I am not sure if this is sufficient.
Which persons did they intake in the past? How long does it take until you receive a response on you application? I saw that it is opened until June. Does somebody know more about the two days in Geneva, I read sth. Hi, congrats to those who interviewed. I'd like to know how it went if you want to share.