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2 Min Read FILE PHOTO: Birds fly past the logo of India's state-owned natural gas utility GAIL (India) Ltd installed on its corporate office building in New Delhi, India, April 26, 2018. REUTERS/Adnan Abidi/File Photo NEW DELHI (Reuters) - Gas firm GAIL (India) Ltd expects to end overseas sales of the liquefied natural gas (LNG) it secures from the United States from 2023, as local demand rises with the commissioning of new fertiliser plants, a company official said. GAIL buys 5.8 million tonnes per annum (mtpa) of LNG from the U.S.-based projects. It has signed time and destination swap deal...

(New throughout, adds interview) MOSCOW/LONDON, Feb 8 (Reuters) - Demand for aluminium is extending its recovery so far this year despite a second wave of COVID-19 lockdowns, an executive at Russian aluminium producer Rusal said on Monday. “Demand is still strong in many sectors, especially automotive, packaging, construction,” Roman Andryushin, head of sales and marketing, said in an interview. “In the fourth quarter of last year we had clear signs of restocking to fill gaps in supply chains, but since then new orders have been picking up more and more.” Demand for aluminium was hit ...

Brent crude prices are approaching $60 a barrel, a one-year high, driven in large part by OPEC+ cuts that are set to keep the oil market in deficit this year.

By Reuters Staff 3 Min Read (Reuters) - Iran’s Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters and detained its crew, Iranian media said on Monday, amid tensions between Tehran and Seoul over Iranian funds frozen in South Korean banks due to U.S. sanctions. A South Korean-flagged tanker vessel which was seized by Iran. is seen in Gulf, Iran January 4, 2021. IRGC / WANA (West Asia News Agency) via REUTERS Below are details about the Strait: WHAT IS THE STRAIT OF HORMUZ? - The strait lies between Oman and Iran - It links the Gulf north of it with the Gulf of Om...

1 Min Read LONDON (Reuters) - More loading programmes for Nigerian crude in March were issued on Friday while differentials appeared to be under downward pressure from ample supplies in February. NIGERIA * Bonny Light is loading six cargoes in March, while Forcados is loading seven full cargoes and two partial shipments, traders said. Even so, March supply of four main grades is set to be lower than in February. * Differentials have been coming down this week due to ample supply as Qua Iboe exports resume. February-loading Escravos was being offered at dated Brent plus 40 cents a barrel on We...