Glencore's Profit Increase

The escalation in the war and the turmoil in energy markets have led to exceptional profits for major companies in the commodities and energy trading sectors. Glencore, for example, reported a rise in its adjusted profit before interest and taxes to $2.66 billion in the first half of 2026, compared to just $40 million a year earlier—an increase of nearly 66 times. Companies such as Trafigura, BP, and Shell capitalized on market volatility and regional disparities in oil and gas prices, increasing trading volumes and expanding profit margins. On the other hand, airlines and refinery companies suffered losses due to rising fuel costs. Price pressures and the war's impact are expected to continue affecting profits across industrial and consumer sectors, as fuel bills for future purchases have surged significantly and inflation has increased. This situation reflects how energy traders’ profits are coming at the expense of consumers and weaker economic sectors.

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