Glencore seeking to Increase Oil Trading with Iraq

By John Lee.

Reuters reports that Glencore is seeking to increase oil trading with Libya, Iran and Iraq to beat what looks to be a much tougher trading environment compared with last year.

Alex Beard, the company's global head of oil, told the Reuters Commodities Summit that Glencore would be seeking to trade more crude from the Middle East, including Iraq and Iran, as well as from Libya and Russia.

(Source: Reuters)

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