economy

Trafigura warns oil at ‘inflection point’ as Iran war stokes bumper half-year profits

Commodity trader’s net profit more than doubles to $4.1bn for October to March period

Trafigura warns oil at ‘inflection point’ as Iran war stokes bumper half-year profits

TL;DR

  • Net profit more than doubled to $4.1 billion.
  • The reporting period was from October to March.
  • The company warns that the oil market is at an inflection point.