United States

Sarah McFarlane

Exclusive: EDF eyes sale of British gas, coal plants – sources

Jun 08 2016

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.

Oil tankers in limbo as Venezuela's PDVSA fails to pay BP: sources

May 31 2016

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.

GLOBAL LNG-Prices lift on UK gas gains as Middle East demand heats up

May 27 2016

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.

Cargill in talks to sell two European soy crushing plants-sources

May 19 2016

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.

Commodity trade houses seek to rule in core markets, exit others

May 11 2016

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.

Glencore in talks to sell further 9.9 percent stake in agriculture unit: sources

May 06 2016

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.

Oil down 3 percent; producers hint of more output add to glut worry

Apr 21 2016

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.

Mitsui looks to sell stakes in UK power assets - sources

Apr 14 2016

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.

Trading houses predict cautious rise in oil prices

Apr 12 2016

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.

BTG Pactual spins off thriving commodities arm to bolster capital

Apr 08 2016

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.

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