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Angus Energy has signed a MoU with Trafigura to explore the development of the UK's largest potential subsurface porous rock storage reservoir at the Saltfleetby gas field in Lincolnshire.
Oil prices are bouncing back from the collapse at the start of the year on the back of promising inflation data in the U.S., but plenty of uncertainty remains surrounding demand
Trafigura Group has divested its 24.5% indirect stake in Russia-backed Indian refiner Nayara Energy to Hara Capital Sarl.
Trafigura has traded around 24.5% in Nayara Energy, a Russia-backed Indian refiner to a Rome-based energy investment group.
Read more about Trafigura exits Nayara Energy; sells stake to Mareterra Group on Devdiscourse