MELBOURNE, June 3 (Reuters) - Trading giant Glencore Plc
is expanding its oil trading business in eastern Australia, with plans to soon start bunker fuel supply operations at the Port of Brisbane, adding to operations it launched at ports in New South Wales in April. Glencore's Chemoil unit has signed a long-term terminal storage agreement with GrainCorp (GNC), and from June 23 it will also offer bunkering off a barge, Valiant III, at the port of Brisbane in Queensland.
"We see a lot of potential in the east coast marine fuels market," Glencore Oil's Australia manager Brett Crawford said in a statement received on Friday.
Glencore is looking to supply ship owners, cruise lines, brokers and agents.
Rival suppliers in the marine fuels market in Australia include Caltex Australia (CTX) and Viva Energy Australia, controlled by Vitol.
-
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$8.87 |
Change
-0.140(1.55%) |
Mkt cap ! $1.971B | |||
| Open | High | Low | Value | Volume |
| $8.99 | $9.01 | $8.87 | $8.131M | 911.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14143 | $8.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.88 | 1232 | 1 |
View Market Depth
| Last trade - 16.18pm 17/09/2025 (20 minute delay) ? |
| GNC (ASX) Chart |