08:49 AM EDT, 05/03/2024 (MT Newswires) -- A consortium including Glencore Plc and Indonesia's PT Chandra Asri Pacific is in advanced talks to buy Shell's (SHEL) assets in Singapore in a deal that could be worth $1 Billion, Bloomberg reported, citing people with knowledge of the matter.

Glencore Plc, PT Chandra Asri Pacific and Shell did not respond immediately to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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