@jfarchy

Senior Reporter for Energy and Commodities at Bloomberg News. Co-author of The World for Sale: https://xitter.cf/t.co/EV8tueLP9v

 London
bloomberg.com/
Joined April 2010
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1.1KMedia
The World for Sale comes out in paperback this week If you want to understand how oil and commodity markets work, how they influence geopolitics, and the extraordinary power of a few little-known traders, take a look: smarturl.it/TheWorldForSale
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Jack Farchy retweeted
Javier Blas
@JavierBlas7h
COMMODITY TRADING: He Jinbi, one of the biggest names in Chinese copper trading, has been sentenced to life in prison over fraud and other offenses committed by the company he founded, Maike. bloomberg.com/news/articles/…

Chinese Copper Titan He Jinbi Jailed for Life Over Maike Fraud

He Jinbi, one of the biggest names in Chinese copper trading, has been sentenced to life in prison over fraud and other offenses committed by the company he founded, Maike Metals International Co.

bloomberg.com
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Javier Blas
@JavierBlasOct 24
COMMODITY TRADING: Metals traders are earning billions of dollars in a second consecutive blowout year for the sector, with several top trading houses notching up record profits. @jfarchy @megacontango @cangsizhi bloomberg.com/news/articles/…

Metals Traders Reap Bonanza With Another Year of Record Profits

Metals traders are earning billions of dollars in a second consecutive blowout year for the sector, with several top trading houses notching up record profits.

bloomberg.com
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Financial Times
@FTOct 15
Marsh to shoulder biggest chunk of Greensill settlement with Credit Suisse ft.trib.al/RoCIYFe

Credit Suisse secured $800mn from insurers in Greensill settlement

Broker Marsh to shoulder largest share rather than insurers who wrote policies

ft.com
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Jack Farchy retweeted
John Arnold
@johnarnoldOct 14
When even the guy who once worked at Enron says WTF...
Catherine Rampell
@crampellOct 14
Billions of dollars’ worth of contracts predicting oil would fall and the S&P 500 would rise were placed about 15 minutes before Trump announced a U-turn on Iran in a post on Truth Social. CFTC staff began to investigate-- then were told to lay off. bloomberg.com/news/features/…

CFTC Staff Were Told to Retract Analysis of Suspicious Oil Trades

Chairman’s adviser intervened to take over examination of lucrative bets that were made around Trump reversal on Iran power plant attack.

bloomberg.com
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Jefferies Says it Found Fraud in $900 Million of Radiant Deals @upmanyutrivedi @megacontango bloomberg.com/news/articles/…

Jefferies Says Found Fraud in $900 Million of Radiant Deals

A Jefferies-run fund said in court proceedings that it has evidence of alleged fraudulent conduct by iron ore traders Radiant World and Sapphire Minmetals in receivables-financing deals with a face...

bloomberg.com
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Javier Blas
@JavierBlasOct 9
Delighted to announce that THE WORLD FOR SALE is now out as pocket book (format poche) in French. UN MONDE À VENDRE: La saga des traders de matières premières' révèle les coulisses d’un capitalisme sans frontières, où tout – absolument tout – peut s’acheter. Et se vendre.
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Financial Times
@FTSep 28
Glencore says HMRC was 18 months late with £264mn tax bill ft.trib.al/yZNLjta

Glencore says HMRC was 18 months late with £264mn tax bill

Legal challenge forms part of wider £1.6bn dispute with UK tax authorities over how the commodities group structured parts of its business

ft.com
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One of Radiant World’s lenders reported suspected fraud to Singapore police in May, months before the company’s troubles erupted publicly @cangsizhi @andreatanjourno bloomberg.com/news/articles/…

Singapore Police Got Radiant Fraud Report Months Before Crisis

One of Radiant World’s lenders reported suspected fraud involving the iron ore trader to Singapore police in May, months before the company’s troubles erupted publicly, according to a court ruling.

bloomberg.com
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Javier Blas
@JavierBlasSep 24
COMMODITY TRADING: A Singapore court appointed KPMG restructuring executives to take control of embatled iron ore trader Radiant World bloomberg.com/news/articles/…

Singapore Court Strips Control of Radiant World From Founder

A Singapore court appointed KPMG restructuring executives to take charge of Radiant World on Thursday, granting an application by creditor Mizuho Bank Ltd., which has accused the trader of alleged...

bloomberg.com
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Financial Times
@FTSep 23
Rosneft billions fed Kremlin-backed money laundering network ft.trib.al/LMorrgx

Rosneft billions fed Kremlin-backed money laundering network

FT investigation shows the state oil group’s hard currency was at heart of Russia’s efforts to circumvent sanctions

ft.com
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A trader at Vitol in India confirmed at least one transaction with Radiant World that Vitol later said wasn’t genuine bloomberg.com/news/articles/…

Vitol Trader Confirmed Radiant World Deal That Vitol Now Denies

A trader at Vitol Group in India confirmed at least one transaction between his company and Radiant World that Vitol later said wasn’t genuine, adding a further layer of complexity to a saga that has...

bloomberg.com
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Denials, related parties and four obscure firms in the UAE — inside the $1 billion of receivables on Radiant World's balance sheet @A_DiPaola17 @cangsizhi bloomberg.com/news/articles/…

Hunt for Bigbubble Casts Doubt on Radiant’s $1 Billion in Assets

As creditors, counterparties and lawyers pore over the business of embattled commodity trader Radiant World, a low-rise office building in the emirate of Ajman, just north of Dubai, may contain one...

bloomberg.com
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Bloomberg
@businessSep 22
Russian aluminum producer Rusal is seeking a sale of its assets in Jamaica and Guyana as it focuses on other regions bloomberg.com/news/articles/…

Rusal Said to Sound Out Buyers for Its Jamaica and Guyana Assets

United Co. Rusal International PJSC, Russia’s top producer of aluminum, is seeking a sale of its assets in Jamaica and Guyana as it focuses on other regions.

bloomberg.com
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Javier Blas
@JavierBlasSep 21
CHART OF THE DAY: The crisis in the oil tanker market. The cost of hiring a supertanker from the Persian Gulf to the Far East has risen 12-fold in just a few months to a record high of >$1.1 million a day. My @Opinion column is here: bloomberg.com/opinion/articl…
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Radiant World has disclosed $870 million outstanding to six creditors who financed its receivables bloomberg.com/news/articles/…
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Bloomberg
@businessSep 21
Radiant World has disclosed $870 million outstanding to six creditors who financed its receivables, according to a spreadsheet included in a legal filing by the embattled commodity trader bloomberg.com/news/articles/…

Radiant World Table Shows Six Lenders With $870 Million Exposure

Radiant World has disclosed $870 million outstanding to six creditors who financed its receivables, according to a spreadsheet included in a legal filing by the embattled commodity trader.

bloomberg.com
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"We have a deadly serious issue." Rising tensions between Jefferies and Glencore over Radiant World are laid bare in a series of emails. @cangsizhi bloomberg.com/news/articles/…

Inside Jefferies’ Months-Long Tussle With Glencore Over Radiant

Executives at Jefferies Financial Group Inc. were sounding increasingly irate.

bloomberg.com
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Javier Blas
@JavierBlasSep 19
COMMODITY TRADING: Former Vitol oil trader sentenced to 4 years in jail for paying bribes to secure oil deals in Latin America. Javier Aguilar is one of the few people in the commodity trading industry to face meaningful time behind bars for corruption. justice.gov/usao-edny/pr/ex-…

Ex-Energy Trader For Vitol Sentenced to 48 Months in Prison for $500

BROOKLYN, NY – Earlier today, in federal court in Brooklyn, Javier Aguilar was sentenced to 48 months in prison for his role in two interrelated schemes to bribe Ecuadorian and Mexican government...

justice.gov
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Ex-Vitol trader Javier Aguilar is sentenced to 4 years in prison for bribery -- one of the longest, if not the longest, jail sentences ever in a commodity trader corruption case justice.gov/usao-edny/pr/ex-…

Ex-Energy Trader For Vitol Sentenced to 48 Months in Prison for $500

BROOKLYN, NY – Earlier today, in federal court in Brooklyn, Javier Aguilar was sentenced to 48 months in prison for his role in two interrelated schemes to bribe Ecuadorian and Mexican government...

justice.gov
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Jack Farchy retweeted
Javier Blas
@JavierBlasSep 17
Well, that’s too much information: In a message on Oct. 20, 2025, a few days after Bloomberg published a profile of Radiant World […], he wrote that CEO Officer Gary Nagle and Glencore’s board had “just ripped me a new asshole.” @jfarchy @tbiesheuvel bloomberg.com/news/articles/…

Suspended Glencore Executive Told Radiant ‘Say Nothing on Email’

A senior Glencore Plc executive last year urged counterparts at Radiant World not to communicate by email, according to WhatsApp messages from the company’s head of iron ore seen by Bloomberg News.

bloomberg.com
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