Oil Price Rally Boosts Glencore’s First-Half Profit | EN590 Commodities
EN590 Commodities GroupCrude Oil August 05, 2026
Oil Price Rally Boosts Glencore’s First-Half Profit What I Cover
Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… Commodity producing and trading giant Glencore booked a $4.4-billion net income for the first half of the year, a jump of $5 billion from a loss a year earlier, as the oil and copper price rallies and volatility boosted revenues and trading profits. Glencore on Wednesdayreported$4.405 billion in net income attributable to equity holders for the first half, compared to a loss of $655 million for the same period of 2025. Adjusted core earnings, or EBITDA, jumped by 86% to $10.1 billion and revenues surged by 49% to $174 billion. Asguidedlast week, Glencore’s marketing
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.