'Glencore, Gunvor, Trafigura and Vitol are among the commodity merchants facing massive margin calls on their positions in natural gas markets..'

'Glencore, Gunvor, Trafigura and Vitol are among the commodity merchants facing massive margin calls..

..

..we wonder just how bad this could be as Reuters reports that two of the sources said trading houses and other players had together accumulated $30 billion worth of short positions in the TTF market, with European utilities taking the opposite long side of the play.'

- World's Largest Commodity Traders Burned By Massive Wrong Bets On Natural Gas, October 4, 2021



Context

OPEC+ keen to keep oil prices at $65-$75 a barrel, Lukoil chief says

(2021-2030) - EU Action Plan: “Towards Zero Pollution for Air, Water and Soil”

'Throwing Credit at such an acutely imbalanced economic structure at a cycle inflection point is fraught with risk.'


Estimate: October, 2025 – Safire Plasma (beyond fusion) Reactors commercially available – Abundance