TXF Premium in Depth

Commodity trade

Made to measure: Bespoke financing for US shale producers

With US shale operators in recovery mode after a decimating price war with OPEC, access to credit is slowly developing again and with it alternative financing options to traditional borrowing base or mezzanine debt.

TXF Premium

21 March 2017

Commodity trade

Timing is money: Uralkali plays the waiting game

Amid a growing pipeline of upcoming pre-export finance (PXF) facilities out of Russia, fertiliser producer Uralkali is expected to launch a refinancing in the coming weeks. The borrower is said to be waiting on Acron’s syndication close to make its pitch and set pricing guidance.

TXF Premium

21 March 2017

Commodity trade

Price squeeze: Russian PXF margins tightening

Russian borrowers are pushing for margin tightening on a number of current pre-export refinancings. With bank appetite for Russian investment grade credits on the up, and unsecured borrowing making a return, they are likely to get it.

TXF Premium

16 March 2017

TXF Recommends

Commodity Trade

Oil traders ask "where's the money?" as peak demand looms

For major trading houses that ship millions of barrels of oil every day, the prospect of diminishing fuel demand and a shift to renewable power poses a brain-racking challenge with few obvious solutions. "It is a very fair question - what the hell are we going to do?" said Vitol chief executive Ian Taylor.

Commodity Trade

Petrobras: Fuel distribution unit swings to profit ahead of IPO

BR Distribuidora, the fuel distribution unit of Brazilian oil giant Petrobras, swung to a profit in the first nine months of the year ahead of its initial public offering. It posted net income of 620 million reais in the first nine months of the year, compared to a 367 million reais loss in the same period in 2016.

18 October 2017

Commodity Trade

Glencore finalises €3.91bn Rosneft stake deal

Glencore has finalised negotiations with Qatar Investment Authority to jointly sell a 14.16% stake in Russian-state owned oil and gas giant Rosneft to CEFC China Energy for €3.91 billion.

17 October 2017

Latest from tagmydeals

Commodity Trade Finance

Glencore - Pre-Export Finance

Pre-Export Finance

Trading Company

$ 300m
Jan 2017
8 February 2017

Commodity Trade Finance

23 January 2017

Commodity Trade Finance

Euronav

Revolving credit facility

Oil & Gas - Midstream (Transportation)

$ 410m
Dec 2016
10 January 2017