Key facts
- Trafigura's net profit more than doubled to $4.1 billion for the six months ending March 31.
- The company attributed its strong performance partly to volatile market conditions.
- Trafigura warned that the oil market is at an 'inflection point'.
- Geopolitical risks, including the Iran conflict, were cited as a significant factor.
Commodity trader Trafigura announced that its net profit more than doubled to $4.1 billion for the six-month period from October to March. The company attributed its strong performance partly to volatile market conditions. Trafigura also issued a warning that the oil market is at an 'inflection point,' citing geopolitical risks, including the ongoing conflict involving Iran, as a significant factor influencing market dynamics and potential future price movements.