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Pin to quick picksGlencore Share News (GLEN)

Share Price Information for Glencore (GLEN)

London Stock Exchange
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Share Price: 451.10
Bid: 452.10
Ask: 452.25
Change: -1.65 (-0.36%)
Spread: 0.15 (0.033%)
Open: 454.15
High: 458.55
Low: 451.10
Prev. Close: 452.75
GLEN Live PriceLast checked at -

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Middle East Crude-Benchmarks dip in thin trade; Rongsheng closes tenders

Thu, 21st Dec 2023 10:14

SINGAPORE, Dec 21 (Reuters) - Benchmark Dubai crude slipped back into a discount on Thursday amid relatively quiet trade, while Oman and Murban also softened.

Chinese refiner Rongsheng Petrochemical bought 3 million barrels of Brazilian and Qatari crude oil via a spot tender, several trade sources said on Thursday.

The refiner purchased 2 million barrels of Brazilian Atapu and Tupi crude from Petrobras for March delivery, they said. It also bought 1 million barrels of February-loading al-Shaheen crude from Unipec, the sources said.

Separately, it bought 2 million barrels of Basra Heavy crude for loading at end-January at $3 a barrel below its official selling price, traders said.

INVENTORIES

U.S. crude inventories rose by 2.9 million barrels in the week to Dec. 15 to 443.7 million barrels, compared with analysts' expectations in a Reuters poll for a 2.3 million-barrel drop.

U.S. oil refiners are expected to have 14,000 barrels per day (bpd) of capacity offline for the week ending Dec. 22, after operating at full capacity in the previous week, research company IIR Energy said.

SINGAPORE CASH DEALS

Cash Dubai's differential to swaps slipped to a discount of 8 cents a barrel on Thursday.

Shell will be delivering one February-loading Oman cargo to Glencore.

SELLER-BUYER            PRICE
SHELL-GLENCORE 78.85
SHELL-GLENCORE 78.85
SHELL-GLENCORE 78.85
SHELL-GUNVOR 78.85
TRAFIGURA-GLENCORE 78.90

PRICES ($/BBL) CURRENT PREV SESSION
DME OMAN 78.75 78.98
DME OMAN DIFF TO DUBAI -0.18 -0.04
CASH DUBAI 78.85 79.05

NEWS

Shipping companies remain in the dark over a new international navy coalition being assembled by the United
States to combat attacks in the Red Sea, with vessels continuing
to avoid the area or cancelling contracts, sources said.

Exporters are scrambling to find alternative air, land and ocean routes to get toys, apparel, tea and auto parts to
retailers as disarray ripples through freight supply chains
around the world during a wave of attacks in the Red Sea.

The U.S. Treasury imposed fresh sanctions on a ship manager owned by the Russian government and three oil traders involved
in Russian oil trade.

A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed
offshore acreage for what is set to be the last time until 2025.

Rosneft representatives will travel to Berlin on Friday to discuss a possible sale of the Russian oil giant's German
assets, among other options, with government officials, a source
familiar with the matter told Reuters.

For crude prices, oil product cracks and refining margins, please click on the RICs below.

Brent
Dubai
DME Oman
Brent/Dubai EFS <DUB-EFS-1M>

PRODUCT CRACKS
Fuel oil crack
Gasoil crack
Naphtha crack <NAF-SIN-CRK>
Complex refining margins

(Reporting by Florence Tan and Jeslyn Lerh; Editing by Jason Neely and Mark Potter)

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8 Apr 2024 17:03

LONDON MARKET CLOSE: Miners and airlines in demand as FTSE 100 climbs

(Alliance News) - Investors bought in London on Monday, as the FTSE 100 rose with gold hitting a new high before fading, airlines and miners were in demand, while Entain prospered on bid speculation.

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4 Apr 2024 18:09

Peru's PM says China-built megaport should launch this year after dispute

LIMA, April 4 (Reuters) - A resolution to end a dispute between Peru and China's Cosco Shipping could come as soon as this week to ensure a megaport will start operations as planned by the end of the year, Peru's Prime Minister Gustavo Adrianzen said on Thursday.

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4 Apr 2024 18:01

Sigma Lithium CEO won't sell the company at current lithium prices

LONDON, April 4 (Reuters) - Sigma Lithium's chief executive won't sell the miner at current lithium price levels and is concentrating on its near-term expansion plans, she told Reuters in an interview.

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4 Apr 2024 17:09

Europe Distillates-Diesel margins slip on rising inventories

LONDON, April 4 (Reuters) - Northwest European diesel barge margins fell by about $1 to $25.25 a barrel on Thursday as regional inventories rose.

Trades   Bids   Offers  Previous  Seller  Buyer
Session
0.1 GO Barge April
diffs fob ARA -$22
per tonne
<GO-ED-ARA>
0.1 GO Cargo
diffs cif NWE
per tonne
<GO-CND-NWE>
0.1 GO Cargo May
diffs cif Med +$6
per tonne
<GO-CND-MED>
50ppm barge
diffs fob ARA
per tonne
<GO50PPM-ED-A
RA>

Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge April April Shell, BP,
diffs fob ARA +$0.75- +$2-$3 Litasc Glenco
per tonne $2.25 (25.32KT o, re,
<ULSD10-BD-AR (32.45K ) ExxonM Gunvor
A> T) obil, ,
Mabana TotalE
ft nergie
s,
Vitol
Diesel cargo April Shell Vitol
diffs cif NWE +$13
per tonne (Amster
<ULSD10-ANYD- dam)
NWE>
Diesel cargo
diffs cif Med
per tonne
<DL-CIFD-MED>

Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel
barge
diffs fob
FARAG
per tonne
<JET-BD-ARA>
Jet fuel CCM
cargo flat
cif NWE per
tonne
<JET-CD-NWE>

Read more
3 Apr 2024 16:07

London close: Stocks reverse losses to finish slightly higher

(Sharecast News) - London markets saw modest gains by the close on Wednesday, following Wall Street higher in afternoon trading.

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3 Apr 2024 12:19

EARNINGS AND TRADING: MediaZest optimistic; Volta Finance NAV up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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2 Apr 2024 18:55

Europe Distillates-Diesel margins rebound

LONDON, April 2 (Reuters) - Northwest European diesel barge margins ticked $1.91 higher to around $25.05 a barrel on Tuesday, after hitting their lowest since July 2023 on Thursday in the final session before Easter holidays in Europe.

Trades   Bids   Offers  Previous  Seller  Buyer
Session
0.1 GO Barge Apr -$21
diffs fob ARA
per tonne
<GO-ED-ARA>
0.1 GO Cargo
diffs cif NWE
per tonne
<GO-CND-NWE>
0.1 GO Cargo April
diffs cif Med +$6.5
per tonne 0
<GO-CND-MED>
50ppm barge April
diffs fob ARA -$2
per tonne
<GO50PPM-ED-A
RA>

Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge April Apr Shell, BP,
diffs fob ARA +$2.54 $2-$4 Belgom Vitol,
per tonne (34.85K ine Glenco
<ULSD10-BD-AR T) re,
A> Gunvor
,
Totsa
Diesel cargo April Shell BP
diffs cif NWE +$14
per tonne (CIF
<ULSD10-ANYD- Thames)
NWE>
Diesel cargo Med
diffs cif Med +$3
per tonne
<DL-CIFD-MED>

Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel CCM
barge -$6
diffs fob
FARAG
per tonne
<JET-BD-ARA>
Jet fuel CCM
cargo +$6.50
cif NWE per
tonne
<JET-CD-NWE>

Read more
2 Apr 2024 17:36

Korea Zinc agrees 40% fee cut to turn Teck's mined zinc into metal, sources say

LONDON/SEOUL April 2 (Reuters) - Canadian miner Teck Resources has agreed to pay Korea Zinc $165 per metric ton, a three-year low, to turn its zinc concentrate into refined metal, according to two sources familiar with the matter.

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2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

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2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

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27 Mar 2024 16:35

Sustainable Finance Newsletter - Under pressure, Vanguard suggests new stewardship limits

March 27 (Reuters) - A pillar of capitalism shook off a challenge last May when the U.S. Federal Energy Regulatory Commission allowed Vanguard Group to keep owning big stakes in the country's power utilities. But the body known as FERC has since begun a review of its policy toward investment company ownership of utilities. Since Vanguard and rivals often own big stakes of major electric companies, new ownership limits could force huge stock divestitures.

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25 Mar 2024 10:19

LONDON BROKER RATINGS: SocGen raises Sage; Numis cuts Virgin Money

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22 Mar 2024 07:40

LONDON BRIEFING: UK retail sales slightly better than expected

(Alliance News) - Stocks in London are called to open slightly lower on Friday, as investors pause for breath after a busy week of interest rate decisions.

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22 Mar 2024 06:49

IN BRIEF: Glencore Non-Executive Director Peter Coates to retire

Glencore PLC - Barr, Switzerland based multinational commodity trading and mining company - Says its long-serving Non-Executive Director Peter Coates will not seek re-election at an annual general meeting on May 29, and will retire from the board on that date. Coates joined the board on its initial public offering in 2011. "Peter's retirement marks the end of two long eras. First, it ends a career in mining that goes back more than half a century. Second, it completes a thirty-year association with Glencore, which started in 1994 when he was appointed to lead Glencore's then embryonic coal industrial," Chair Kalidas Madhavpeddi says.

Read more
20 Mar 2024 09:54

Glencore "on track" to meet new Climate Action Transition Plan targets

(Alliance News) - Glencore PLC on Wednesday released its 2024-2026 Climate Action Transition Plan, outlining its intention to achieve net zero by 2050.

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