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Oil Traders Used State Firms as Fronts in Corrupt Ecuador Deals

(Bloomberg) -- Three of the world’s top commodity trading houses used state oil companies from China, Thailand, Oman and Uruguay as fronts in their corrupt deals with Ecuador, a federal jury in Brooklyn, New York has heard.Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownApple to Sell Watches Without Oxygen Feature After Legal SetbackPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmDimon Says China Risk-Reward Equation Has &#x2...
New York United States United Arab Emirates Sarah Chen Patpicha Tanakasempipat Ben Bartenstein
Source: yahoo.com

Saudi Tadawul Group acquires a strategic stake in Dubai Mercantile Exchange creating Gulf Mercantile Exchange

Saudi Tadawul Group will acquire a 32.6% stake in DME Holdings Limited, the parent company of Dubai Mercantile Exchange (DME), through the acquisition of a mix of new and existing shares, becoming the joint largest shareholder alongside CME Group.DME...
Ar Riya Saudi Arabia United Arab Emirates Nova Scotia Saudi Arabian Sultanate Of Oman

lng: Domestic natural gas consumption surges owing to favorable international prices

Higher prices hurt Indias LNG imports and overall gas consumption last fiscal year. Demand recovered this fiscal year as prices normalized. LNG imports are up 14% year-on-year in the April-December period while total gas consumption in the country is higher by 9.4%. Imports account for 46% of total domestic gas consumption.
New Delhi North Asian Natural Gas Fiscal Year

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