15 December 2025: 08:30 GMT
It’s still very much a one-man-show in Dubai, as Glencore continues as the sole significant buyside presence, juggling lifting offers and placing its own bids. Enough to get another couple of convergences – today both Upper Zakum from Equinor and Exxon. It’s still Glencore alone to have collected cargoes this month so far, having accumulated 14 convergences so far, of which all but one have been Upper Zakums – the other was an Al Shaheen. As well as declaring their convergences today, Exxon and Equinor are the dominant sellers, having nominated 4 cargoes each. Hengli is just one behind, while Shell has sold one and Phillips just the one.
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