Official Receiver and Glencore strike crucial Lindsey oil supply deal

UK Reaches Deal to Restart Fuel Deliveries From Lindsey Refinery

The UK has reached a deal that will allow deliveries of fuel to restart from the Lindsey refinery.

Official Receiver and Glencore strike crucial Lindsey oil supply deal

The Official Receiver reached a deal with the commodities trading giant overnight to sell supply of crude oil to the stricken Lincolnshire refinery, Sky News learns.

Glencore, led by Gary Nagle, unveils $1 billion buyback

Key PointsGlencore launches $1 billion stock buyback after securing $900 million cash and a 16.4% stake in Bunge from Viterra deal. Shares down 35% in 2024, underperforming BHP, Rio Tinto, and Anglo American amid weak metal demand and tariff concerns. $30 billion mining asset shift to Australia doubles subsidiary’s portfolio, strengthening Glencore’s global mining and energy strategy.Glencore Plc, the Swiss commodity trading and mining giant led…