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China’s old gas allies fail to meet demand boom in winter

Bloomberg China’s natural gas imports from Central Asia, a long-time source of the fuel via pipeline, slipped last month, worsening a winter shortage and increasing the world’s biggest energy user’s reliance on seaborne supplies. Imports during January from Turkmenistan, China’s biggest overseas source of gas last year, dropped 14 percent from a year earlier, and 4 percent from December, data ...

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Ghana mulls locking in oil prices to check inflation

Bloomberg Ghana may start locking in future prices for oil and petroleum imports from the end of March as it seeks to contain inflation, said Finance Minister Ken Ofori-Atta. A net exporter of crude oil, Ghana could benefit from rising prices while continuing to keep domestic costs in check by agreeing to buy fuel at pre-set prices, Ofori-Atta said in ...

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US ban on key oil commodity could choke Venezuelan crude production

Bloomberg The outlook for declining oil production in Venezuela may get grimmer if the US bans supply of a key commodity used to help Venezuelan crude flow from oilfields to the coast. Production in the Orinoco oil belt, which accounts for half of the country’s output, depends on heavy naphtha imported from the US to reach global markets. Naphtha is ...

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