Glencore Eyes Shell's Singapore Units, Reuters Reports
--Glencore is looking at acquiring Shell's oil refinery and petrochemical assets in Singapore, Reuters reports, citing industry and trading sources.
--The Anglo-Swiss commodity trading-and-mining company is evaluating the assets, including plants located on Bukom island and Jurong island, together with Indonesia's PT Chandra Asri Petrochemical, Reuters reports.
--The units, which Shell said last year it would review, include a refinery capable of processing 237,000 oil barrels a day and an ethylene plant with 1 million metric tons a year capacity.
--Glencore and Shell didn't immediately respond to requests for comment.
Full story: http://tinyurl.com/3yn8y3r4
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
February 28, 2024 05:56 ET (10:56 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings: Firm Beats Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth