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Pin to quick picksGlencore Share News (GLEN)

Share Price Information for Glencore (GLEN)

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Share Price: 469.50
Bid: 469.40
Ask: 469.50
Change: 0.90 (0.19%)
Spread: 0.10 (0.021%)
Open: 474.35
High: 477.20
Low: 468.85
Prev. Close: 468.60
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IN BRIEF: Vaalco Energy signs new USD50 million credit facility

Wed, 18th May 2022 18:20

Vaalco Energy Inc - Houston, Texas-based hydrocarbon exploration company - Enters new credit agreement for five-year reserve based lending facility with Glencore Energy UK Ltd, for an initial commitment of USD50 million and can be extended to USD100 million.

New facility is expected to improve the company's financial flexibility for the achievement of accretive growth, and strengthens its financial position by keeping its forecast 2022 capital program fully funded.

The facility matures in 2027, and is secured by the Etame assets.

"This new credit facility provides dry powder for future opportunities and could reduce our overall cost of capital by providing immediate access to funds at a low rate, if required. It enhances our opportunity set and allows us to continue to focus on our strategy to build meaningful size and scale to deliver future accretive growth," said Chief Executive Officer George Maxwell.

Current stock price: 545.00 pence

12-month change: up sharply from 200.00p

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
21 Dec 2023 17:48

Europe Gasoline/Naphtha-Margins edge lower, ARA stocks fall

LONDON, Dec 21 (Reuters) - Northwest European gasoline refining margins fell by 13 cents to $7.05 a barrel on Thursday as stocks in ARA fell 6.7% during the week to Thursday, according to Dutch consultancy Insights Global.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $737.75 $742 Varo, Trafigu
Barges on 10KT (8KT) Shell ra,
Argus Mabanaf
E5(fob t,
AR) Gunvor
Ebob $731.25 $742 Exxon, Totsa,
Barges on 18KT (10KT) Shell Mabanaf
E10 Argus t,
(fob AR) Sahara,
Varo
Jan. swap $735.75 $748.50
fob ARA
Premium $792
Unleaded Dec.
(fob ARA) 30-Jan.
<PU-10PP- 3, $761
ARA> Jan.
1-5
Cargoes
(fob MED)
Cargoes
(cif NWE)
Naphtha 2H Dec Balmo MOP +$1
(cif NWE) +$10 Dec +$5
<NAF-C-NW
E>

Ebob crack (per barrel) $7.05 Prev. $7.18
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Robert Harvey. Editing by Jane Merriman)

Read more
21 Dec 2023 10:14

Middle East Crude-Benchmarks dip in thin trade; Rongsheng closes tenders

SINGAPORE, Dec 21 (Reuters) - Benchmark Dubai crude slipped back into a discount on Thursday amid relatively quiet trade, while Oman and Murban also softened.

Read more
19 Dec 2023 17:15

Europe Gasoline/Naphtha-Margins drop as ample supplies offset Red Sea concerns

LONDON, Dec 19 (Reuters) - Northwest European gasoline refining dropped to $7.2 a barrel on Tuesday as ample supplies in the Atlantic basin offset concerns due to tanker disruptions in the Red Sea.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob $727.50
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob $728
Barges
E10
Platts(fo
b ARA)
Ebob $729-$7 $735.50 Shell, Trafigu
Barges 44 (4KT) Varo, ra, BP,
Argus Sahara Mabanaf
E5(fob t
AR)
Ebob $728, $727 Shell, Varo,
Barges $745.50 11KT Exxon, Total
E10 Argus BP
(fob AR)
Jan. swap $742.50 $741.25
fob ARA
Premium
Unleaded
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes
(cif NEW)
Naphtha Jan
(cif NEW) +$14
<NAF-C-NW
E>

Ebob crack (per barrel) $7.2 Prev. $8.6
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ron Bousso; editing by David Evans)

Read more
18 Dec 2023 17:40

Europe Gasoline/Naphtha-Margins slip as Red Sea attacks push oil higher

LONDON, Dec 18 (Reuters) - Northwest European gasoline refining slipped by about $1 to $8.6 a barrel as underlying crude prices rose 3% on mounting attacks on ships in the Red Sea.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob $727.50
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob $728
Barges
E10
Platts(fo
b ARA)
Ebob $735.50 Varo, Trafigu
Barges (4KT) Glencor ra
Argus e
E5(fob
AR)
Ebob $727 Shell, Varo,
Barges 11KT Exxon Totsa
E10 Argus
(fob AR)
Jan. swap $741.25 $725.25
fob ARA
Premium
Unleaded
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes
(cif NWE)
Naphtha Jan
(cif NWE) +$14
<NAF-C-NW
E>

Ebob crack (per barrel) $8.6 Prev. $9.7
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ahmad Ghaddar; Editing by Mark Porter)

Read more
15 Dec 2023 08:53

LONDON MARKET OPEN: Stocks edge higher ahead of slew of PMIs

(Alliance News) - Stock prices in London opened slightly higher on Friday, with the Bank of England and European Central Bank going against the Federal Reserves dovish policy twist.

Read more
14 Dec 2023 21:19

Freepoint settles US charges over multi-year bribery scheme

NEW YORK, Dec 14 (Reuters) - Freepoint Commodities LLC has agreed to pay over $98 million to settle U.S. charges in connection with a scheme to misappropriate material non-public information and bribe Brazilian officials, authorities said on Thursday.

Read more
14 Dec 2023 14:00

Sustainable Finance Newsletter - FERC spotlight looms for BlackRock & Vanguard

Dec 14 (Reuters) - Last May I wrote about efforts by Republican elected officials in proceedings before a U.S. utility regulator to question the role that big index funds had taken in their ownership of major utilities.

Read more
13 Dec 2023 13:48

Glencore faces green questions over proposed Teck acquisition

(Alliance News) - Glencore PLC said on Wednesday its shareholders have raised questions about how the company intends to integrate Teck Resources Ltd's steelmaking coal business into its green plan.

Read more
13 Dec 2023 13:18

Glencore to update climate plan in 2024 after investor pressure

LONDON, Dec 13 (Reuters) - Glencore will publish an updated climate action transition plan in March 2024, it said on Wednesday, after some investors rejected its climate progress report and it agreed to buy Canadian miner Teck Resources' steelmaking coal business.

Read more
12 Dec 2023 12:07

London midday: FTSE still firmer ahead of US inflation print

(Sharecast News) - London's markets remained relatively stable by midday on Tuesday, with the top-flight index still in the green after fresh jobs data showed a slowdown in wage growth.

Read more
12 Dec 2023 01:55

Peru copper output up nearly 2% in October as Antapaccay surges

LIMA, Dec 11 (Reuters) - Peru's copper production rose 1.9% in October compared with the same month last year, totaling 240,097 metric tons for the month, the Andean country's mines and energy ministry said on Monday.

Read more
11 Dec 2023 16:57

LONDON MARKET CLOSE: Blue-chips nurse modest losses despite late rally

(Alliance News) - Blue-chips in London posted modest losses at the close on Monday as a late rally saw most of the early deficit recouped.

Read more
11 Dec 2023 15:38

London close: Stocks mixed ahead of central bank meetings

(Sharecast News) - London's stock markets closed with mixed results on Monday as miners faced pressure following disappointing Chinese economic data.

Read more
11 Dec 2023 08:43

LONDON MARKET OPEN: FTSE 100 down as miners fall amid tepid China data

(Alliance News) - Stock prices in London opened a touch lower on Monday, in a slow start to a week stacked with interest rate decisions.

Read more
6 Dec 2023 15:15

London close: Stocks rise as investors digest US jobs data

(Sharecast News) - London's stock markets finished with a positive performance on Wednesday, with the FTSE 100 and FTSE 250 both closing in the green.

Read more

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