Reuters Japan’s liquefied natural gas (LNG) buyers are upending the traditional practices of the market, using their leverage as the world’s biggest buyers of the fuel to wrestle concessions for more flexible terms. Japan’s electric utilities have won provisions that will allow them to divert contracted LNG cargoes if they restart their nuclear reactors, most of which have been ...

  Bloomberg Libya’s crude production exceeded 700,000 barrels a day and is due to keep rising as working conditions in the conflict-ridden country improve for international companies like Eni SpA and Total SA, an official from the state oil company said. The North African country’s crude production is due to reach 1.2 million barrels a day by August and 1.7 ...

  Reuters Saudi Binladin Group (SBG) has received substantial payments from the Saudi Arabian government to settle debts since the start of this year, a boost to the struggling construction conglomerate and to the kingdom’s economy, banking sources said. SBG has received 2.4 billion riyals ($640 million) so far this year for its work on state projects including the King ...