Commodities trader Glencore has reportedly clinched a crude supply deal for Prax’s Lindsey oil refinery in the UK.
According to multiple sources cited by Reuters, Glencore will replace rival Trafigura by moving crude into the 113,000 barrel per day plant off Lincolnshire, eastern England.
Independent oil company Prax selected the most “commercially advantageous offer” in a tender process that began in the fourth quarter of last year, according to a statement issued to Reuters.
