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...Oil trading represents about 30 per cent of total revenues, but alongside gas and power trading, the group is also investing in green technologies such as battery storage and biogas....
...Saudi Arabia is mandating that leading Chinese technology companies invest in the Gulf kingdom in return for huge deals, as it leverages its petrodollar wealth to boost its domestic tech industry....
...Large scale trading of goods like oil and critical minerals has in the past relied on well-connected intermediaries to win business leading to corrupt deals that have drawn the scrutiny of US and European...
...Venture Global’s first LNG facility, Calcasieu Pass, located on the Gulf coast in Louisiana, commenced producing LNG in January 2022 and exported its first cargo two months later....
...Gunvor co-founder Torbjörn Törnqvist said the picture for oil was “quite” constructive and the market was better balanced than most people forecast two months ago....
...Taqa’s statement was made shortly after the Spanish regulator suspended trading in Naturgy shares on the Madrid stock exchange....
...Oil trading represents about 30 per cent of total revenues. Alongside gas and power trading, the group is investing in green technologies such as battery storage and biogas....
...AI leaders, including OpenAI chief executive Sam Altman and chipmaker Nvidia’s chief executive Jensen Huang, have become regular visitors to the Gulf state....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...Aramco shares were up 1.6 per cent in Sunday trading on the local Tadawul exchange....
...Under the scheme, Trafigura and its co-conspirators agreed to make illicit payments of up to 20 cents per barrel of oil products bought from or sold to Petrobras, and to conceal the bribes via shell companies...
...“The market had been complacent about the Gaza conflict expanding to include Iran and, therefore, a material risk to Arabian Gulf oil and [liquefied natural gas] production and exports,” he said....
...Saudi Arabia’s decision “appears to be a huge rethink of strategy and will have wide ramifications to Aramco capital spending, the Gulf supply chain and of course Opec+ oil policy”, Syme said....
...“[The Gulf states] trade openly with the US and Chinese....
...But an ill-timed move into oil ultimately led to its bankruptcy when the Covid-19 pandemic crushed fuel demand in 2020....
...Mining and trading group Glencore recorded a big increase in carbon emissions last year after it expanded coal production and restarted an oil refinery in South Africa that was closed by an explosion....
...Souki had argued UBS should have opted to sell his shares in Tellurian in early 2022 when they were trading above $4, and that “8 months of unreasonable delay passed before the Shares were sold”, according...
...Upstream-friendly mutterings by both BP and Shell this year somewhat mask the strategic gulf across the Atlantic....
...Most of the new business that followed the accord was conducted with Emirati state-affiliated entities, particularly those in Abu Dhabi, the oil-rich capital that drove the normalisation deal....
...Putin enjoys warm relations with both the oil-exporting Gulf states, which have remained neutral over Ukraine since the full invasion of February last year....
...imposed by the UK in co-ordination with G7 partners”....
...The year Trafigura founder Claude Dauphin picked Jeremy Weir as his successor, the commodities trading house was still paying bribes to Brazilian officials for oil contracts....
...For Saudi, the calculations have been similar to its Gulf neighbour....
...Bonds had been weighted at zero since Washington in 2019 imposed sanctions on trading as well as the country’s oil and mining sectors....
...They are all in talks to tie up with the Abu Dhabi National Oil Company, the lesser-known Middle Eastern oil giant....
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