China emerges as global LNG trading power

China is expanding its presence in the global LNG trading world, with Chinese traders setting up new or expanding their trading desks in Singapore and London. This would put China in direct competition with LNG trade leaders including Shell, BP, TotalEnergies, and Equinor, the report pointed out. The trading presence expansion comes even as China

NSE to commence crude futures trading in May

India’s National Stock Exchange (NSE) is set to begin trading of rupee-denominated Nymex WTI crude oil and Henry Hub natural gas futures contracts in its commodity derivatives segment from 15 May. The exchange received approval last month from the Securities and Exchange Board of India to launch the contracts. For the WTI crude oil futures

A,P decides to support carbon credit trading

Chief Secretary K.S. Jawahar Reddy pledged support on behalf of the Andhra Pradesh (A.P.) government to the carbon credit trading scheme which is aimed at reducing the Greenhouse Gas (GHG) emissions thus mitigating the adverse effects of climate change. The scheme has been initiated by the Government of India (GoI) with the stated objectives. Trading

Uniper sells marine fuel trading business in UAE

Uniper has reached an agreement to sell its United Arab Emirates-based crude oil processing and marine fuel trading business, Uniper Energy DMCC, to a consortium of Montfort Group and the Private Office of Sheikh Ahmed Dalmook Al Maktoum. The agreed purchase price has not been disclosed, and the acquisition is expected to be completed in