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North Sea Crude-Forties steady, Glencore buys cargo from Vitol

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* Prices have been under pressure from large amounts of oil held in floating storage in the North Sea offshore the UK, according to tanker data and trade sources. LONDON, Aug 18 (Reuters) - The price of North Sea Forties crude oil held steady on Friday, unchanged from its last deal on Monday, and remained at a slight discount to dated Brent, traders said. Brent: Glencore bid for a Sept 15-22 cargo at dated plus 10 cents but found no interest. Glencore also bid for a Sept 7-18 Forties cargo at dated Brent plus 10 cents, while BP offered Forties for Sept 8-10 delivery at dated Brent plus 35 cents.

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These Oil Giants Just Jumped Into A Brand New Market

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Commodity-trading giant Glencore, for its part, has just opened the first station in Mexico under the G500 franchise, the result of a joint venture that Glencore announced in May this year. The commodity trader expects to begin imports of fuel for the Mexican market via its own terminal in Tabasco in February next year, Reuters quoted Alex Beard, head of Glencore Oil, as saying at the opening of the first G500 station. In March, BP opened its first retail fuels site in Mexico as part of a plan to invest in the growing Mexican retail fuel and convenience market over the next five years. In May this year, ExxonMobil announced plans to enter the Mexican fuels market in 2017 by opening its first Mobil service station in central Mexico during the second half, and additional stations will open later this year.

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Zinc's Supply Surge Is Coming

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Zinc's moment in the spotlight has been a long time coming, but bulls should watch out -- it may be short-lived. 's Century in Australia, would yank about 1 million tons of annual supply from the world's 13 million-ton-a-year zinc market between 2012 and 2020, MMG's CEO Andrew Michelmore said in a 2014 presentation. That Qanaiyaq ore will make up an increasing share of supply as pit bosses get better at handling it, Teck said in July -- a factor that's especially worth watching in coming months, because we're currently in the middle of a brief window when Red Dog's supply can reach the global market via a port that's generally ice-bound for eight months of the year. Antamina copper pit in Peru produced an extra 60,000 tons of zinc over the past 12 months, thanks to a zinc-heavy slice of the ore body.

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Glencore: Glencore coal miners return to work in Australia but vow more strike action

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Glencore coal miners return to work in Australia but vow more strike action. GLENCORE-AUSTRALIA/COAL (REPEAT):RPT-Glencore coal miners return to work in Australia but vow more strike actionReuters | Aug 18, 2017, 05:20 AM IST. More from The Times of India. Download The Times of India news app for your device.

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Glencore to start importing fuel for Mexico in February

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Glencore expects to start importing fuel for Mexico's domestic market in February 2018 through its own terminal in the southern state of Tabasco, according to Alex Beard, the head of the firm's oil division. MEXICO CITY, Aug 17 (Reuters) - U.S. energy company Chevron Corp and trading firm Glencore on Thursday announced separate plans to enter Mexico's fuel market, as the long-hidebound sector begins to attract major foreign players. The liberalization of retail prices in Mexico has spurred business opportunities for large refining and trading companies who want to distribute and sell imported fuels. Local mining and infrastructure company Grupo Mexico is building new terminals to discharge independent fuel imports and later distribute it by rail.

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Glencore to start importing fuel for Mexico in February

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Glencore to start importing fuel for Mexico in February. State-run oil company Pemex is still the largest importer, distributor and seller of fuels in Mexico. Plant Operator - Ramsey Gas Plant. Local mining and infrastructure company Grupo Mexico is building new terminals to discharge independent fuel imports and later distribute it by rail.

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Glencore to start importing fuel for Mexico's domestic market in Feb - oil chief

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Glencore to start importing fuel for Mexico's domestic market in Feb - oil chief. Glencore to start importing fuel for Mexico in February. The executive said the fuel will be ultimately sold by a large network of gas stations operated in a distribution partnership with Mexico's Corporacion G500. The first gas station under the new brand was inaugurated on Thursday. Glencore to start importing fuel for Mexico's domestic market in Feb - oil chief.

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Booming thermal coal price for spot cargoes on China demand cheers miners, Energy News, ET EnergyWorld

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Booming thermal coal price for spot cargoes on China demand cheers minersA crackdown on illegal mining and pollution in China has curbed domestic supplies, just as a heatwave and lower hydro power output have boosted demand for coal for power generation, forcing up prices. A crackdown on illegal mining and pollution in China has curbed domestic supplies, just as a heatwave and lower hydro power output have boosted demand for coal for power generation, forcing up prices. The soaring demand and prices are a boon for companies like global miner Glencore, the world's biggest exporter of sea-traded thermal coal, and Australian miners like Whitehaven, which profited from last year's spike and have seen their stocks rally since June. Last year's rally caught the market by surprise and this year's spike has again defied forecasts, given ample coal supplies and a growing raft of alternative energy sources.

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Glencore coal miners return to work in Australia but vow more strike action

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Glencore coal miners return to work in Australia but vow more strike action. SYDNEY, Aug 17 (Reuters) - Coal mine workers from seven Glencore collieries in Australia returned to work on Thursday after a four-day work stoppage, with many voting to keep up pressure on the company over wages and job security. Glencore's first-half production report released on July 27, shows overall coal production of 61.1 million tonnes was up 4 percent on the year-ago period, mainly reflecting planned increases from its Australian coal mines. The open-cut mines together produce around 31 million tonnes annually of thermal and coking coal, with the underground operations contributing a further 3 million tonnes a year.

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Glencore coal miners return to work in Australia but vow more strike action

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Glencore coal miners return to work in Australia but vow more strike action. More than 1,400 workers met in the mining hub of Singleton, New South Wales, about 200 km (125 miles) north of Sydney, this week and voted to continue industrial action that began in June against the Swiss-based company, according to a statement from the Construction, Forestry, Mining and Energy Union. In another protracted dispute between workers and Glencore 190 employees have been locked out at the Oaky North metallurgical coal mine in neighbouring Queensland state in a dispute over benefits, the union said. Glencore's first-half production report released on July 27, shows overall coal production of 61.1 million tonnes was up 4 percent on the year-ago period, mainly reflecting planned increases from its Australian coal mines.

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Booming thermal coal price on China demand cheers miners

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"Imports of thermal coal into China have been higher than anticipated, and when combined with weather related constraints on supply from Indonesia and some production issues in Australia, have pushed up the price of seaborne thermal coal. A similar squeeze in 2016 pushed prices to $114 a tonne and miners are again eyeing windfall profits, despite warning that the market is volatile. Last year's rally caught the market by surprise and this year's spike has again defied forecasts, given ample coal supplies and a growing raft of alternative energy sources. But given the spikes this year and last, I and many of my colleagues don't want to be caught short again," said one trader.

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