Senior Reporter for Energy and Commodities at Bloomberg News. Co-author of The World for Sale: smarturl.it/lwefbl
London
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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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One of Radiant World’s lenders reported suspected fraud to Singapore police in May, months before the company’s troubles erupted publicly
@cangsizhi @andreatanjourno
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Jack Farchy retweeted
COMMODITY TRADING: A Singapore court appointed KPMG restructuring executives to take control of embatled iron ore trader Radiant World bloomberg.com/news/articles/…
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Rosneft billions fed Kremlin-backed money laundering network ft.trib.al/LMorrgx
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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
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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
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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/…
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Jack Farchy retweeted
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
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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/…
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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
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Jack Farchy retweeted
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.
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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-…
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Jack Farchy retweeted
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
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Suspended Glencore Executive Told Radiant World: ‘Say Nothing on Email’
@tbiesheuvel
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Jack Farchy retweeted
BREAKING: A senior Glencore executive who led the company’s relationship with Radiant World has been suspended as the company reviews its dealings with the embattled iron ore trader.
@jfarchy @tbiesheuvel
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Radiant World Reveals Near-Empty Coffers to Jefferies Fund
@upmanyutrivedi
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Jack Farchy retweeted
👀 How long until the White House orders NYMEX to stop publishing the price of diesel? On national security grounds, of course.
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Jack Farchy retweeted
COMMODITY TRADING: Vitol paid $75 million to buy out a former employee who was charged with conspiring to bribe government officials — and kept making the payments even after his landmark corruption trial, according to court documents. @jfarchy bloomberg.com/news/articles/…
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Jack Farchy retweeted
In a strongly worded statement, Glencore accused iron ore trading house Radiant World of sending "falsified invoices and contracts" to a several financial institutions, plus "fabricated emails." 📄⤵️
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