Glencore

Turkey's BDY Group acquired the Karadeniz LPG (liquefied petroleum gas) terminal located in Giresun on the Black Sea coast, the vice president of the company said on Nov. 19.

Koray Güzelderen said the company views the acquisition as a very significant step in optimizing operations and broadening the company's supply chain in the Black Sea and Eastern Anatolia.

No binding bids have been submitted for a majority stake in Greece's biggest oil refiner Hellenic Petroleum, dealing a blow to a key part of a planned sell-off of state assets mandated by international bailouts.

The two candidate investors vying for 50.1 percent of Hellenic Petroleum (HELPE), Vitol and Glencore, are seeking partners to submit joint binding bids for the majority stake in the listed company by January 2019.

Greece has shortlisted Anglo-Swiss Glencore and Swiss Vitol to submit a binding bid for a majority stake in the country's biggest oil refiner Hellenic Petroleum, its privatization agency said on Wednesday.

Athens has short-listed both remaining candidates in the tender for the privatization of Hellenic Petroleum, while Brussels opened the way on Monday - in record time - for the completion of the privatization of gas grid operator DESFA.

As expected, international traders Glencore and Vitol were short-listed on Tuesday in the tender for the 50.1 percent stake in Hellenic Petroleum (HELPE) after three other bidders were dropped from the second stage.

Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy partnership between Moscow and Beijing.

Rio Tinto on June 26 recommended shareholders accept a new improved offer from Yancoal for its Australian coal assets, after the China-backed firm trumped a fresh bid from Swiss commodities giant Glencore.

Rio, the world's second-largest miner, said in January it was selling Coal & Allied to Yancoal Australia -- majority-controlled by China's Yanzhou Coal -- for $2.45 billion.

Tony Hayward, the former BP boss, is set to step down next year as chairman of Genel Energy, which he founded in 2011 and became the biggest oil and gas producer in Iraqi Kurdistan Regional Government (KRG), three sources close to the company said.

Today, Genel is struggling with a drop in oil prices, regional conflict and a large reserves downgrade.

Global miners are battling to stay afloat after enduring one of the toughest years in recent times, with tumbling commodity prices and supply gluts set to force more closures and massive cuts in 2016, analysts say.