Recent Posts

Glencore draws Liberty House bid for Australian mine

Bloomberg Liberty House Group, fresh off a deal for Australian steel mill Arrium Ltd., is among bidders for a Glencore Plc coal mine that could fetch as much as A$500 million ($380 million), people with knowledge of matter said. Liberty House’s GFG Alliance joint venture submitted an indicative offer for the Tahmoor mine by the deadline last month, according to ...

Read More »

Oil traders turn ‘bespoke tailors’ in offshore megastore

Bloomberg The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge by offering tailor-made cargoes in an offshore megastore. By selling bespoke from a fleet of ships anchored off Singapore and Malaysia, the likes of Vitol, Trafigura Group, Glencore Plc and Gunvor Group are seeking to lure buyers who are becoming more demanding. ...

Read More »

Oil rises near $46 on US stockpile drop

Bloomberg Oil extended gains toward $46 a barrel as US industry data showed crude and gasoline stockpiles declined. Futures advanced as much as 2.2 percent in New York after rising 1.8 percent in the previous two sessions. Crude inventories fell by 8.13 million barrels last week, the American Petroleum Institute was said to report. If the decline is replicated in ...

Read More »
Send this to a friend