Saudis Shift Own Oil Diet to Supply Buyers Who Are Shunning Iran

As impending U.S. sanctions squeeze Iranian oil supplies, top OPEC member Saudi Arabia is changing its own crude diet to meet customer demand for alternative cargoes. The trading arm of state-run producer Saudi Aramco is said to be offering an ultra-light oil known as Khuff condensate, a rarely traded grade that’s typically processed in the
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The Government has opened a four-month window for public-private-partnership (PPP) Cargo Terminals at Major Port Trusts operating under a restrictive rate regime of 2005 to migrate to a market-driven pricing structure finalised in 2013 for new projects and has set terms and conditions for the shift. The window for migration ends on November 10. After
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China’s threats of new tariffs on $60 billion worth of U.S. imports will create shifts in the energy market, as American liquefied natural gas makes the list of goods Beijing will target, analysts said. The move to include LNG raised eyebrows as China had previously held back at including the fuel on the list of
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The government is in plans to shift the Land Ports Authority of India (LPAI), engaged in the development of land ports at borders, from the Home Ministry to the Department of Commerce to coordinate logistics-related works and promote trade, it is learnt. The proposal to shift LPAI was mooted by the Commerce Ministry. The Department
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Officials in Beijing appear to be toning down their responses to Donald Trump’s tariff threats, amid a slowing economy, a falling stock market and a weakening currency. Evidence of the shift continued Thursday when the Commerce Ministry held off detailing how it plans to retaliate against Trump’s latest threat to impose tariffs on $200 billion
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European companies that export from China are changing the global flow of their goods to avoid higher American tariffs, a business group said Tuesday, as the impact of the U.S.-Chinese trade war spreads. Tariff hikes are “hitting immediately the bottom line” of companies that rely on the free flow of trade across countries, said Mats
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AHMEDABAD: In a departure from the previous Vibrant Gujarat Summits (VGS) which mostly focused on foreign investment, the Gujarat Government this time is planning to lay emphasis on the exports, trade, commerce and services sectors for the VGS 2019. The intention is to showcase, promote and create market for Gujarat-based companies and domestic products in
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Motiva Enterprises has decided not to add processing capacity at its refinery in Port Arthur, Texas, according to a company spokeswoman, fallout from last summer’s Hurricane Harvey that knocked nearly a quarter of all U.S. crude capacity offline. The decision, which puts Motiva on a path to buy or build another refining plant in the
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