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Asian LNG prices slide on sluggish demand, weather and N-boost

LONDON / Reuters Asian spot liquefied natural gas (LNG) prices fell for a third week as above-average temperatures softened demand across North Asia and top consumer Japan resumed output from a long-shut nuclear reactor. Spot prices for May delivery slipped to about $7.10 per million British thermal units (mmBtu), 60 cents below last week’s levels, said several trade sources surveyed ...

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Iraq’s southern oil exports fall for third month in March

LONDON / Reuters Oil exports from southern Iraq have fallen by 70,000 barrels per day (bpd) this month, according to shipping data and an industry source, suggesting OPEC’s second-largest producer is heading for a third month of lower shipments. Southern Iraqi exports in the first 21 days of March averaged about 3.36 million bpd, compared to 3.43 million bpd in ...

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Tata offers $5.3 billion in bid to acquire bankrupt Bhushan Steel

Bloomberg Tata Steel Ltd. offered 350 billion rupees ($5.3 billion) to lenders to acquire bankrupt Bhushan Steel Ltd., said a person with knowledge of the matter. Mumbai-based Tata Steel offered an all-cash deal to the creditors, the person said, asking not to be identified because the details aren’t public. The lenders declared the steelmaker’s bid successful, subject to the company ...

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