Pierre Andurand is among the world’s most high-profile commodities merchants, identified for making massive, conviction-driven bets — particularly in oil.
The 49-year previous from France is a legendary oil dealer who labored at Goldman Sachs and Financial institution of America earlier than beginning BlueGold (in 2008) and Andurand Capital Administration in 2013. His web value is estimated from wherever from $200m to $1 billion, probably on the higher finish of that vary.
He compounded his funds at round 27% since 2008 then but it surely’s been very unstable, together with a harsh decline final 12 months.
- 2013: +25%
- 2014: +38%
- 2016: +22%
- 2020: +154%
- 2021: +87%
- 2022: ~+50%
- 2023: −55%
- 2024: +50%
- 2025: −40%
These numbers come from varied media experiences so add or subtract a bit. The fund was stated to submit a 6% achieve in a single week this month on the warfare however he is unsure who he is buying and selling towards.
Right here is an alternate on X, with Bloomberg oil reporter Javier Blas who stated:
US Treasury Secretary Scott Bessent says the US authorities has NOT intervened within the oil derivatives market
Andurand replied merely with
Positive…
That is a standard sentiment and the volatility out there may be very excessive. Notably notable was the mid-week drop in WTI to $77 from as excessive as $120. It since marched steadily increased earlier than some average promoting in the present day.
WTI 10 minutes
The CME Group CEO warned the Treasury that intervening intervening within the oil futures market may trigger a “biblical catastrophe” however Andurand and others do not consider that is dissuaded them.
What is obvious is that almost 20 million barrels per day of oil is lacking from the market and in time, these shall be bodily barrels. You possibly can image the worldwide provide chain as a pipeline and crude is at the beginning of that. Proper now, the bodily oil continues to be popping out the tip of the pipeline however nothing goes in. The actual take a look at shall be when that pipeline dries out.
Trump in the present day was seemingly relaxed about it however he additionally stated that nobody within the Pentagon anticipated Iran to bomb its neighbours.
