What commodities are best to trade in the mid/long term? Talking about physical trading at Glencore, Vitol, Trafigura...etc Currently an undergrad in Europe and I have the opportunity to work part-time as an assistant LNG or Copper trader. Physical, not paper trading. I will probably chose the LNG option as the company is a much larger and more dedicated to its physical trading business than the Copper option, but for future career options: Which products are more profitable and have a positive long term outlook? Metals, Oil, LNG, Agricultural products..?
07 Apr 2019
It seems like there's been an increasing amount of attention given to the physical commodities business on this site lately. If anyone can recommend any good books on the subject please post them here. Thanks. P.S.- Already read the King of Oil.
21 Jun 2011
Upcoming Interview in Houston for Trafigura's Oil & Derivatives Graduate Development Programme, does anyone have any tips or foresight on how to prepare and the question that will be asked? WSO have a quite a few threads on Trafigura interview, but no one really has information on it. hopefully this one will be different and more useful for later readers.
30 Sep 2012
Hello all, 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!
14 Dec 2012
Trafigura, the giant commodities training firm, is hiring for its graduate programme. You do a 2-year rotation at either geneva, singapore, stamford, buenos aires. Wondering if anyone has interviewed with them. Curious to know what they're like.
14 Sep 2011
Fracking. It is the multi billion dollar word that most of you should know very well. Also known as hydraulic fracturing, the process uses water, sand, chemicals and pressure to crack rock deep beneath the earth's surface, releasing vast amounts of previously unattainable oil and gas. Today, it stands as a stumbling block between the energy industry and critics who risk adding another unnecessary layer of volatility to energy markets which really don't need it.
15 Mar 2011
Background: Undergrad student looking to jump into physical metals trading (main interest is in copper, zinc, lead concentrates) Just trying to get a better understanding of the differences in the way these firms are run and, ultimately, which offers better prospects for a grad entering the space. On the surface, it seems as if Trafigura has more opportunities for international exposure earlier on with its Global, Shanghai and Montevideo Graduate programs (willing to go anywhere). Also, my primary interest being in metals, Trafigura has a metals program starting in Geneva or Shanghai. On the
12 Sep 2019
So my brother just got out of the military and is interested in the commodities firms like Trafigura, Glencore, Vitol, etc. I saw Traf has a cool 2 year, 8 month rotation grad program. He is having a kid though, and doesn't want to be slogging 80+ hours a week. 60-70, no problem. Anyone have any knowledge of the firm, the culture, the hours, and the program - whether it usually leads to a trading job or not?
26 Jan 2017
Does anyone know what the trading arms of Chinese oil companies (CNPC, CNOOC, Shaanxi Yanchang, Sinochem, ect.) are like compared to the majors or trading houses. Curious since the last chapter of The World For Sale mentioned that they take on more risk and trade with US sanctioned countries.
12 Apr 2021
Anyone know the differences between trading at an oil/energy firm like BP, on a commodities desk at an IB, and at a huge diversified producer/marketer like Glencore/Trafigura, if any? If you had the choice, what would you go for? Thanks in advance.
22 Oct 2011
What do the top ten commodities trading firms have in common? To start off, half of the firms listed as the top ten (2010 survey) are headquartered in Switzerland. An excerpt from Commodities – Switzerland's Most Dangerous Business says
The top firms have a diverse business, while some specialize in oil and gas, others are focused on grains and food, and some on metals. Whatever their main area of "Because of tax privileges, a strong financial industry and weak political regulation [Switzerland] continues to attract trading and mining corporations as a dunghill attracts flies."
30 Apr 2012
Looking for a brief overview of the trading done at big commodity shops like the companies listed in the title. What is compensation like (does it rival I.B.)? How often does a trader travel? Do they give internships/training programs out of university or do most people work at a big oil company trading desk like Shell/BP? What are exit opportunities like for traders? Very interested these careers and would love to learn more from someone who either works in the industry or is very knowledgeable about it. Thanks in advance.
30 Mar 2019
hi guys, anyone heading to geneva for the international oil trader role? two days of trading games.. any suggestions how to prepare on that pls? thanks a lot
18 Nov 2013
Out of interest, was wondering how bonuses for traders at physical trading houses such as Trafigura and Vitol are structured? Is it earned on a per trade or deal basis and how exactly is it calculated? Not much info about this online
23 Mar 2018
Hello everyone, I am currently a Data Scientist in Fixed Income and just applied for the Tra Graduate in Energy. I have been invited for the Cultural interview which is basically behaviour questions. Do you have any examples on how to respond regarding to the culture of the Trafigura? Like, should I show overconfidence vs humble and things like this. Thank you
01 Oct 2020
LOCATIONS: Geneva, Switzerland / Houston, Texas, USA 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. Even with a couple of years' work experience, if you are hungry, motivated to achieve and want to work at the forefront of physical trading then Trafigura's Commodity Trading Apprenticeship could be for you. Trafigura's Commodity Trading Apprenticeship can offer you the opportunity to join a particular business function (corporate finance, Deals
30 Mar 2015
What's the difference in style and strategy between the two? I work in a major oil company's commercial arm in the Middle Office but I might have an offer coming soon from a major physical trading shop for a Middle Office role that might be an evolving role (eventually will be working on regression models for supply and demand for a specific commodity for the trader). This role is similar to the Deals Desk Analyst role at Trafigura.. I really don't want to leave my current position, mostly because I am comfortable. Would this be a mistake? Would I be passing up a significant opportunity
09 Apr 2013
Hi, im interested in Trafigura, im a recent graduate and I applied to the program for Montevideo. they just sent a link to a "Cultural Interview", and they ask me to answer some questions. any idea how should I prepare? I don't have that much work experience but I know I will be training and learning I lot. I just don't know anything about their recruiting process. help!!
06 Jul 2020
Hi all, I know that there are bilions of questions about Trafigura and other trading houses, but it always seems to me that people who answer those questions are talking more from words of mouth than from actual experience. I would like to know if on this forum there is anyone who worked at Trafigura or is currently working there and who could give me an objective and honest answer about the culture of the company (people, working hours, benefits, bonuses, internal mobility, if is true that they hire you in a place and send you in another location after 2 months etc). I would really appreciate
18 May 2019
Was rejected by this company in 2015. Now I'm here spewing crap haha. But it doesn't change the fact that the crap is true. Marco Ferraz, a Trafigura board member from Argentina. Very close to Trafigura founder Claude Dauphin who was also notoriously corrupt. Claude Dauphin was a Marc Rich protege who spent a few months in an African prison while he was still a billionaire globe trotting around the world in a private jet. http://en.mercopress.com/2017/01/13/corruption-ch… For all my commodity peeps out there, all I can say is be
02 Sep 2017
Hi everyone, Just a quick background on me: I am currently entering my third year at University College London. I have worked at Glencore for two summers, and more recently a private commodities trading firm. I am very interested in the commodities industry, and would like to apply to trading graduate programs. Can anyone offer me any insight on which ones are the best, and the key differences between them? The companies I am currently looking at are Glencore, Trafigura, BP, etc. but I am open to any other companies. Thanks for your time!
27 Jul 2016
Does anyone know first or second hand how much Trafigura pays its ops or risk/deals desk analysts in their first few years there? Seems like culture there is as tough as it gets in the industry with no job security. Any opinions on that?
22 Nov 2015
stablished in 1993 as a private company, Trafigura is the world's third largest independent oil trader and the second largest independent trader in the non-ferrous concentrates market. It has access to approximately US$33 billion in credit facilities, with investments in industrial assets around the world of more than US$3.3 billion. Trafigura handles every element involved in the sourcing and trading of crude oil, petroleum products, renewable energies, metals, metal ores, coal and concentrates for industrial consumers. 3,360 of our people operate in 81 offices across the globe, to provide the local knowledge that enables us to anticipate and respond to variations in global supply and demand.
30 Aug 2012