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English analysis

Page 10 of 21. English editions of sourced l0g investigations, newest first.Back to the latest →

17 min readOilVitol’s refineries, terminals and the power to choose suppliersVitol’s acquisitions connect oil trading with refineries, storage and customers. An investigation into ownership, access and the conditions attached to Engen.16 min readOilTrafigura and the making of a fuel-oil benchmarkThe CFTC’s 2024 order explains how Trafigura’s 2017 fuel-oil purchases distorted a Platts benchmark used to price cargoes and settle derivatives.18 min readOilChad and Glencore: the oil revenues pledged to creditorsHow Chad’s oil-backed Glencore debt shaped public cash flow: the restructurings, the reported balance and gaps in payment verification.18 min readOilThe banks behind Trafigura’s oil tradingAn investigation into Trafigura’s lenders, revolving credit, collateral and margin calls, and the limits of what public disclosures reveal.Updated 16 min readOilWho pays for an oil cargo before you do?From the Sienna court case to Trafigura’s accounts, an investigation into the credit, collateral and cash that finance the oil trade.11 min readcarsWhy a cheaper car can cost more to leaseYour lease payment also depends on what the next owner might pay. Clear examples and an interactive tool explain depreciation, resale risk and headline offers.26 min readUnited StatesTrump’s sanctions concessions to Russia and IranOil, banks and nuclear power: an evidence-led review of Trump’s sanctions concessions to Russia and Iran, and their actual reach in 2026.17 min readcocoaGhana’s cocoa crisis: who finances the wait?Follow the money behind Ghana’s cocoa crop: farmgate prices, COCOBOD debt, the 2026 reforms and a calculator separating profit from cash.17 min readAviationAircraft engines: who gets paid when planes cannot fly?Spare engines, repair shops and compensation: follow the cost of grounded aircraft through lessor accounts, manufacturer liabilities and a leasing calculator.14 min readAluminiumEurope’s aluminium scrap fight: who gains when exports are restricted?Europe wants to retain aluminium scrap. Trade data, alloy quality and recycling economics examine who may benefit, who may pay and what remains uncertain.14 min readheliumWho put geopolitics in my birthday balloon?From Qatari gas to MRI magnets, helium reveals a world of specialised containers, supply contracts and delivery schedules. With charts and a logistics simulator.14 min readAsiaWhat if Asia simply bought less?Asian insurers can retain their bonds while reducing new purchases. An investigation into flows, reinvestment and the investor who has to take their place.Updated 18 min readAsiaStress test: when three risks collideFalling bond prices, a weaker dollar and urgent payments: an interactive stress test of the risks facing Asian investment portfolios.16 min readChinaChina's dollar risk is spread across multiple balance sheetsChina holds almost $12tn in external assets. Reserves, banks, its sovereign fund, insurers and companies carry different pieces and different risks.13 min readAsiaWhat Asia really buys in AmericaAt 30 June 2025, Asian residents held $9.834tn of U.S. securities. Equities, Treasuries, MBS and credit carry different risks and blind spots.17 min readAsiaThe invisible machinery hedging Asia’s dollar riskAsian insurers and pension funds often hedge long-dated dollar assets with short derivatives. An investigation into dealers, rolling costs, collateral and settlement risk.14 min readSouth KoreaSouth Korea: the price of a perfect currency hedgeKorean insurers hedge much of their foreign-currency assets. FX risk falls, but carry, derivative rolls and liquidity still have to be managed.21 min readJapanJapan’s zero-rate exit is landing on life insurers’ balance sheetsJapanese life insurers carry large unrealised JGB losses. The real risk lies in duration, forced sales, liquidity, FX hedges and the BOJ’s retreat.6 min reade-invoicingFrance’s e-invoicing agency left 878 email addresses visibleAn AIFE invitation displayed 878 distinct addresses in its recipient fields. An internal mailing error that calls for a clear response.9 min readcornEurope’s Corn Buyers Look Across the AtlanticEU corn imports accelerate after a dry summer. US and Ukrainian flows, USDA’s balance and FEFAC’s warning, with the limits of each dataset.