LONDON French utility EDF is considering the sale of its British gas and coal plants and has used Barclays bank to approach potential buyers, two sources familiar with the matter said.
HOUSTON/LONDON Four tankers carrying over 2 million barrels of U.S. crude are stuck at sea and cannot discharge at a Caribbean terminal because Venezuela's PDVSA has not yet paid supplier BP Plc, according to two sources and Thomson Reuters vessel tracking data.
MILAN/LONDON, May 27 Asian liquefied natural gas
(LNG) prices rose while warming temperatures in the Middle East
coupled with the start of Ramadan next week looked set to boost
regional electricity consumption.
LONDON, May 19 Agricultural commodities trader
Cargill Inc is in talks to sell two crushing plants in
Western Europe, sources with knowledge of the matter said.
LONDON Commodity trade houses are going back to their roots and focusing on what they know best, whether it's energy, metals or agriculture, while shedding peripheral activities.
LONDON Commodity trader and miner Glencore is in talks to sell a further 9.9 percent stake in its agricultural unit, negotiating with bidders that missed out on the 40 percent sold to Canada Pension Plan Investment Board (CPPIB), two sources with knowledge of the matter said.
NEW YORK/LONDON Oil prices fell 3 percent on Thursday, pausing after a two-day rally, after producers from Russia to Saudi Arabia and Iran to Libya hinted at more output amid growing U.S. crude stockpiles.
LONDON Japan's Mitsui & Co is looking to sell its stakes in UK power assets including First Hydro Company and four fossil fuel plants, two sources familiar with the matter said on Thursday.
LAUSANNE, Switzerland Oil prices have probably bottomed out and will rise from now on though the recovery will be slow due to a huge stocks overhang, some of the biggest oil trading executives said on Tuesday.
SAO PAULO/LONDON Grupo BTG Pactual SA has spun off a fast-growing commodities sales and trading unit, allowing the Brazilian investment bank to free up capital in the wake of a recent balance sheet downsizing.