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US Department Of Justice: Glencore Entered Guilty Pleas To Foreign Bribery And Market Manipulation Schemes - Swiss-Based Firm Agrees To Pay Over $1.1 Billion

Glencore International A.G. (Glencore) and Glencore Ltd., both part of a multi-national commodity trading and mining firm headquartered in Switzerland, each pleaded guilty today and agreed to pay over $1.1 billion to resolve the government’s investigations into violations of the Foreign Corrupt Practices Act (FCPA) and a commodity price manipulation scheme. ....

New York , United States , Democratic Republic Of The Congo , United Kingdom , Coted Ivoire , Equatorial Guinea , Ivory Coast , Merrickb Garland , Michael Khoo , Johnj Liolos , Juliana Murray , Michael Mcginnis , Platts Los Angeles , Gary Barksdale , Vanessa Roberts Avery , Los Angeles , Ravi Perry , Leila Babaeva , James Mandolfo , Damian Williams , Emilio Jose Heredia Collado , Jonathan Francis , Luis Quesada , Matthewf Sullivan , Division Office Of International Affairs , Sulfur Fuel Oil ,

S&P Global Commodity Insights: Oil price volatility is here to stay as supply, demand risks abound

A number of fears have gripped the oil market – recession, demand destruction, supply disruptions and rock bottom spare capacity to name a few, –so volatile prices are not surprising and are here to stay. ....

Administration Of Customs , European Union , May Commodities Brief , Platts Dated Brent , Russian Urals , Dated Brent , General Administration , S Ampp Global , Russian Oil , Crude Oil ,