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  • As part of the "Phase 1" trade truce between Beijing and Washington, China undertook to buy energy over and above a $9.1 billion baseline of U.S. imports in 2017, with a split of an extra $18.5 billion in 2020 and $33.9 billion in 2021.. Before even thinking about the logistics and disruptions to global trade flows that such a massive shift would entail, there is one...

  • SINGAPORE, Jan 17- China's Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas, is planning to review terms of a potential $16 billion supply deal with Cheniere Energy Inc after a sharp drop in LNG prices, industry officials said. That could delay sign-off on a deal that would help Beijing meet ambitious targets it set for U.S. energy...

  • LAUNCESTON, Australia, Jan 16- The problem for energy markets isn't whether China can actually buy the amount of crude oil, coal and liquefied natural gas it has apparently committed to under the trade truce with the United States. As part of the agreement, China agreed to buy at least $52.4 billion in additional energy purchases over the next two years, from a...

  • LAGOS, Jan 14- Shares in Nigerian oil company Lekoil Ltd plunged more than 70% on Tuesday following a suspension of trading after the firm discovered that a $184 million loan it had announced was fraudulent. Shares closed at 2.50 pence on the London Stock Exchange on Tuesday- down 73% from their closing price on Friday, the most recent day of trading.

  • EXCLUSIVE-CALIFIA FARMS SAYS COMPLETED $225 MLN SERIES D FINANCING LED BY THE QATAR INVESTMENT AUTHORITY.

  • LONDON, Jan 14- Former Barclays chief executive John Varley first suggested the bank could use a side deal to satisfy Qatar's demands for extra cash in return for rescue funding for the bank during the 2008 credit crisis, a London court heard on Tuesday. The case revolves around how Barclays avoided the fate of Lloyds and Royal Bank of Scotland and averted a state...

  • Jan 14- Kinder Morgan Inc asked U.S. energy regulators for permission to put the fourth liquefaction train in service at its nearly $2 billion Elba Island liquefied natural gas export plant in Georgia. Kinder Morgan said train 2 would be ready for service on Jan. 16, according to a filing with the U.S. Federal Energy Regulatory Commission on Monday.

  • LONDON, Jan 13- Iran is unlikely to block the Strait of Hormuz, the world's busiest oil-shipping channel, in reprisal for the killing of Qassem Soleimani for fear of aggravating its Gulf allies and China, regional analysts said on Monday. Tehran has long threatened to block the waterway between Iran and Oman- 33 km wide at its narrowest point and the conduit for some...

  • U.S. officials arrived in Britain on Jan. 13 to try to persuade the British government not to use Huawei equipment in its telecoms network upgrade. Dec. 30- Indian government allows Huawei to participate in its 5 G network trials in January. Dec. 22- Italy's industry minister says Huawei should have a role in the country's future 5 G network.

  • DUBAI, Jan 12- Qatar's ruler, Emir Sheikh Tamim bin Hamad al-Thani, said during a visit to Iran on Sunday that de-escalation and dialogue were needed to resolve regional crises at a "sensitive" time. He was speaking in a televised news conference with Iranian President Hassan Rouhani during a visit to Tehran at a time of heightened U.S.-Iranian tensions that...

  • QATAR EMIR SAYS DURING VISIT TO TEHRAN THAT ONLY SOLUTION TO REGIONAL CRISES IS DE-ESCALATION AND DIALOGUE- TELEVISED CONFERENCE.

  • Jan 12- All major Gulf stock markets opened higher on Sunday, extending their gains from the previous session, amid relief at no further escalation in tensions between Iran and the United States. President Donald Trump backed away from days of angry rhetoric against Iran as the two countries tried to defuse a crisis over the U.S. killing of Iranian military...

  • BEIRUT, Jan 9- Lebanon's banks will not go bankrupt and deposits are secure, central bank Governor Riad Salameh said on Thursday in remarks aimed at reassuring depositors amid a deep financial crisis that has shaken confidence in the country's banking system. "I believe the Qataris want to support Lebanon," he said, referencing a recent visit he made to Doha, before...

  • LONDON, Jan 9- A senior former Barclays banker told a London fraud trial on Thursday that he was ordered out of bed after a heart attack to help save the lender at the height of the credit crisis. But prosecutors for the UK Serious Fraud Office allege the three men lied to the market and other investors about 322 million pounds in extra fees paid to Qatar, disguised as "...

  • *Iran has built up' asymmetric' capabilities for years. DUBAI, Jan 8- Iran's launching of more than a dozen missiles at American-led forces in Iraq on Wednesday came after years of preparing for a confrontation with its superpower foe, whose forces are vastly larger and more advanced. To compensate for the imbalance, Iran has developed "asymmetrical" responses-...

  • Asian refiners prefer to process Middle East crude grades as they are generally cheaper than oil from other regions due to relatively higher sulphur levels. Middle East oils also tend to be heavier grades, allowing refiners to further process residue fuel into higher-value products to boost revenue. China, the world's largest crude oil importer, buys about...

  • Jan 7- Most major Gulf stock markets rose on Tuesday, led by banking shares, though Qatar was marginally lower, weighed down by its financial stocks. Saudi Arabia's benchmark index added 0.6%, with Al Rajhi Bank increasing 0.9% and Riyad Bank up 0.9%. Dubai's main share index climbed 1%, led by a 1.6% rise in Emirates NBD Bank and a 1.3% gain in blue-chip developer...

  • *Kuwait sees biggest fall in over 2 years. Jan 5- Gulf bourses saw steep declines on Sunday, with Kuwait falling the most following tensions between the United States and Iran, while outside the Gulf Egypt was also hard hit as all its shares ended lower. Saudi Arabia's benchmark index lost 2.4%, weighed down by a 2.1% drop in Al Rajhi Bank and a 1.7% fall in state-owned...

  • Tripoli, Jan 5- At least 30 people were killed and 33 others wounded in an attack on a military academy in the Libyan capital late on Saturday, the health ministry of the Tripoli- based government said in a statement on Sunday. Tripoli, controlled by the internationally recognised Government of National Accord, is facing an offensive by military commander Khalifa...

  • President Donald Trump on Saturday said the United States and China would "very shortly" sign their so-called Phase One trade pact, but the markets still craved for further details of the agreement. *China, the world's top bullion producer and consumer, launched its first gold options contract on the Shanghai Futures Exchange on Friday. *Iran, Malaysia, Turkey and...