Reuters exclusively reports commodity traders face big margin calls as gas prices soar - Reuters News Agency
Business & Finance

Reuters exclusively reports commodity traders face big margin calls as gas prices soar

Reuters exclusively reported that the world’s top commodity trading houses are being told by brokers and exchanges to deposit hundreds of millions of dollars in extra funds to cover their exposure to soaring gas prices. Glencore, Gunvor, Trafigura and Vitol are among the commodity merchants facing what are known as margin calls on their financial positions in natural gas markets, Reuters sources said. The calls are forcing the traders to tie up more capital.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: UK
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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