{
  "id": 11413077,
  "title": "Glencore lifts trading profit outlook as 2026 earnings seen above $5 bln",
  "url": "https://urgent.news/2026/10/02/glencore-lifts-trading-profit-outlook-as-2026-earnings-seen-above-5",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T10:10:57.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/glencore-lifts-trading-profit-outlook-as-2026-earnings-seen-above-5-bln-93CH-4929367"
  },
  "original_language": "en",
  "account": null,
  "summary": "Glencore has raised its long-term profit outlook for its commodity trading business, with 2026 earnings from the division expected to exceed $5 billion. The company attributes this increase mainly to major changes in crude oil markets and assumes second-half earnings will be at the upper end of its previous guidance. To develop its new framework for long-term trading profit outlook, Glencore considered the size of inventories that can be readily sold, funding costs, and interest rates. Based on $32.2 billion of readily marketable inventories at the end of June and a marketing funding cost of about 5%, the framework implies a mid-point of around $3.5 billion, within a range of roughly $2.8 billion to $4.2 billion.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Glencore raises 2026 marketing profit outlook, sets ASX debut",
        "url": "https://urgent.news/2026/10/02/glencore-raises-2026-marketing-profit-outlook-sets-asx-debut",
        "published": "2026-10-02T08:32:57.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}