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GUNVOR ENERGY
Explosion at Dutch port of Rotterdam leaves 1 dead, several injuredA deadly explosion rocked Rotterdam, Europe's largest port, resulting in one fatality and several injuries. The incident took place at the ...- US lends oil companies 45.2 mln barrels from reserve, first batch of Iran warAmerica is releasing oil from its Strategic Petroleum Reserve to manage rising prices. The government has lent over 45 million barrels to o...
- Bangladesh secures spot LNG cargoes as Mideast conflict lifts costsAmidst the backdrop of global tensions, Bangladesh is taking proactive steps to fortify its energy infrastructure. The country has strategi...
- Crude recovers late in session on hopes over US-Hungary meetingCrude prices recovered Friday as hopes emerged that Hungary could utilize Russian oil following a meeting between President Trump and Prime...
- Oil heads for second weekly loss as supply concerns weighOil prices saw a slight increase on Friday, breaking a three-day slump. Concerns over excess supply and weakening demand in the United Stat...
- India's oil-demand growth set to outpace China, says Trafigura GroupIndia's oil demand is expected to surpass China's this year. This excludes China's strategic stockpiling. Urbanization and rising incomes a...
- New sanctions on Russian oil buyers to disrupt flows, says trader GunvorNew sanctions targeting buyers of Russian oil could significantly disrupt crude flows, according to Gunvor's Frederic Lasserre. President T...
- US crude exports to India hit over 2-yr high in Feb as Russia sanctions biteU.S. crude oil exports to India surged to their highest level in over two years, reaching about 357,000 barrels per day in February. This i...
- World's biggest energy trading firms are returning to metalsThe shift comes as forecasters turn increasingly bullish on copper, aluminum and other metals, where long-anticipated production shortfalls...
- Exclusive-Major traders, banks cut business ties with Russia-backed Indian refiner -sourcesExclusive-Major traders, banks cut business ties with Russia-backed Indian refiner -sources
- Major traders, banks cut business ties with Russia-backed Indian refiner Nayara Energy: SourcesNayara per se has not been sanctioned as part of the international response to what Russia calls its "special military action" against Ukra...
- India set to get more channels to buy cheap Russian oil as new traders muscle inState-run refiners such as Indian Oil Corp. are warming to the idea of buying from the lesser-known traders. Refinery officials said they’v...
- Europe's oil plan plunges Pakistan into darkness; Imran Khan amplifying citizens’ anger on inflationA decade ago, Paksitan took specific steps to insulate itself from the kinds of violent price spikes that are roiling the market today. It ...
- Major buyers of Russian oil struggle with bank guarantees: Sources"Banks are not willing to open LC’s for the moment so it is a bit of a standoff," one of the sources said. He asked not to be named due to ...
- Gas shortage leads to Pakistan losing 20% of vital textile exportsAbout $250 million of textiles exports were lost last month after mills in Punjab were forced to shut for 15 days.
- Oil traders made billions in 2019 as conflict shook the marketConsensus is that the industry benefited from a lucky mix of factors in the oil market.
- Forgers are forcing a $9 trillion business into the digital ageCyber-crime is also an increasing threat as fraudsters become more sophisticated, according to Collins at TradeCloud, which uses blockchain...
- Playing gas firms off each other saved Pakistan $600 millionThe maneuvering by Pak came after 2 yrs of negotiations hit an impasse as Qatar refused to lower its offer price.
- US LNG contracts swap to help GAIL avoid a big hitCredit Suisse in a note released last August said that GAIL might have to bear an annual loss of $300 million due to the US LNG contracts.
- Biggest oil traders see another year of pain as glut persistsOil prices are likely to stay around current levels "for the next two years,” said Christoph Ruehl, chief economist at the $800 billion Abu...
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