Glencore trading unit projects earnings above $3.5 billion guidance

12 articles · Updated · Bloomberg · Apr 30

In a Thursday trading update, the company said first-quarter performance put the unit on course to comfortably beat the top end of its long-term target.
Glencore said its oil and gas team made bumper profits as the Iran war roiled global energy markets and drove prices higher.
The trading unit earned $2.9 billion last year, meaning the projected result would rank among Glencore's best-ever trading performances.

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