Gas crisis plunges LNG shipping market into the hands of energy giants

LONDON/SINGAPORE (Reuters) – The skyrocketing price of liquefied natural gas (LNG) shipping has alienated dozens of small traders, concentrating business in the hands of a handful of major global energy companies and major global trading houses. This grip is not expected to ease until 2026 when more LNG begins to emerge and lower prices, raising … Read more

Exclusive, India’s largest lender asks exporters to trade with Bangladesh in rupees and taka

NEW DELHI (Reuters) – State Bank of India is the largest lender (SBI.NS) It has asked exporters to avoid settling deals with Bangladesh in dollars and other major currencies as it seeks to limit exposure to Dhaka’s declining reserves, according to an internal document and a source. Bangladesh’s $416 billion economy is grappling with rising … Read more