Live Breaking News & Updates on Lambert Commodities|Page 2
Stay updated with breaking news from Lambert commodities. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Soaring oil prices are not necessarily good news for large commodity trading houses hoping to replicate last year’s record profits, experts believe. The international Brent crude benchmark rose above US$88 a barrel this week, its highest level in more than seven years, prompting suggestions it could top US$100 in the coming weeks. The price surge . ....
Despite a stable end to 2021, the commodity finance industry remains wary of being embroiled in another fraud scandal. Though price rises and strong liquidity have led to booming business at the top end of the market, smaller traders continue to struggle for access to finance. Could strengthening collateral checks or warehouse inspections help mitigate . ....
Banks are retrenching after the coronavirus crisis led to defaults by some trading houses, intermediaries in the global movement of oil, metals and agricultural goods which link producers and end-users, and also exposed a series of frauds. ....
Fraud is driving banks out of commodity trade finance with financial stress linked to the COVID-19 pandemic exposing how widespread it had become, a conference organised by the International Grains Council was told on Tuesday. Jean-Francois Lambert, founding partner at Lambert Commodities, told the IGC’s annual conference that the situation was more serious than during . ....