Science & Environment
Glencore eyes Shell Singapore assets as CNOOC pulls out…
Energy
28 February 2024, 1:28 pm 1 minute
Reuters exclusively reported that Swiss miner and commodities trader Glencore is looking at buying Shell’s oil refinery and petrochemical units in Singapore as the oil major seeks a buyer for the sites after earlier suitors dropped out.
Market Impact
Buying the assets would give Glencore a physical foothold for its trading in Asia’s main oil hub.
Article Tags
Topics of Interest: Energy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Asia
Countries: Singapore
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
