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Trump-touted LNG deal hinges on Norway link for Polish firm

Bloomberg After President Donald Trump’s exuberant visit to Warsaw last week, where he encouraged Poland and its east European neighbors to buy US liquefied natural gas, it’s time for sober calculations by Poland’s gas company. PGNiG SA Chief Executive Officer Piotr Wozniak said in an interview that the state-controlled company is already in talks with potential suppliers to fill the ...

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‘OPEC-US shale tussle’ killing off older oil fields

Bloomberg The tussle for supremacy between OPEC and US shale drillers is killing off older oil fields at the fastest pace in almost a quarter century. That could hurt the industry once the current glut has faded. The three-year price slump triggered by the battle for market share choked off funds for aging deposits elsewhere, accelerating their decline. Output at ...

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China takes lead in Pacific shipping after $6.3bn deal

Bloomberg China is the new leader of shipping trade to the Americas. State-owned Cosco Shipping Holdings Co.’s $6.3 billion offer to buy Orient Overseas International Ltd. would create an entity that’s the biggest shipping company moving boxes to the North American continent from Asia, beating Copenhagen-based A.P. Moller-Maersk A/S and France’s CMA CGM SA. The takeover, announced in Hong Kong, ...

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