Expansion into jet fuel and crude oil trading added to the company’s increasingly diverse commodities offer.
International commodities trader Alkagesta this week announced record results for the first half of 2026. The news reflected continued growth in trading volumes, expansion into new product areas and greater activity across its international network, despite unprecedented volatility in global commodities markets.
Revenue reached 3.5 billion US dollars for the first six months of 2026, representing a record half-year performance for the company. Based on current trading activity, Alkagesta expects full-year 2026 trading volumes to exceed 10 million metric tonnes, compared with 8.7 million metric tonnes in 2025.
The results build on Alkagesta’s record 2025 financial year, when the company generated 4.7 billion US dollars in revenue, and reflects continued investment in the scale, diversification and geographic reach of its operations. Alkagesta attributes the positive results to a continued focus on maintaining reliable supplies to customers amidst significant geopolitical and commodity-market volatility.
A key development during 2026 has been Alkagesta’s expansion into the jet fuel market. Following the establishment of its capability to supply jet fuel through the NATO Central Europe Pipeline System (CEPS), the company commenced deliveries into the European aviation market at a time of acute supply concerns in the sector.
The company also expanded into crude oil trading, completing its first transactions during the first half of this year. This included end-to-end delivery of approximately 1.07 million barrels of crude oil to the Far East in its first ever shipment. Activity also increased across other areas of the portfolio, including steel and biofuels, further broadening the company’s product mix and customer reach.
Alkagesta’s Singapore hub continued to scale during the first half of 2026, supported by the company’s growing presence in Asian marine and energy markets. Monthly trading volumes reached approximately 250,000 metric tonnes, strengthening Singapore’s role within Alkagesta’s wider international trading network.
Speaking on the results, Alkagesta CEO, Orkhan Rustamov, said: “These results reflect the progress we have made through a measured and disciplined approach to growth. Despite significant volatility across global commodities markets, our focus has remained on serving our clients reliably and building our business on strong, long-term relationships. We will continue to grow strategically, step by step, strengthening our presence in the markets where we operate and ensuring that our communication lines, capabilities and regional networks remain resilient.”
Over the years, senior members of the management team have progressively increased their equity participation in Alkagesta, with management currently holding a 35 per cent stake. Senior leadership has expressed its intention to increase this further, reflecting confidence in the company’s long-term prospects and a commitment to closely aligning their interests with the long-term success of the business.
Looking ahead, the results show the company remains firmly on track to deliver on its 2026 strategic priorities. These include a targeted entry in the Crude market, a major ramping up in its jet fuel trading volumes and increasing its storage and logistical capacity, such as through the multiyear agreement signed earlier this year for leasing biofuel storage at Pantank in Antwerp. This deal increased the company’s total storage capacity across Europe and Asia to 700,000m3 .
The healthy results come amid the backdrop of continuing volatility in global commodities markets, triggered primarily by the ongoing conflict and uncertainty in the Middle East.
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