Saturday, August 08
India’s liquefied natural gas importers are holding up some deals spanning decades as they push to lock in cheaper prices, hoping that a surge in supply will tilt negotiations in their favor.Major buyers including Gail India Ltd. and Bharat Petroleum Corp. have been pushing for lower prices and more flexible long-term contracts, leaving discussions with LNG producers stalled for more than a year, according to people familiar with the matter. That approach could be rewarded if prices drop as new projects from the US to Qatar come online.The talks will be a key topic at India Energy Week, which kicks off on Tuesday and will be attended by major producers including Abu Dhabi National Oil Co. and TotalEnergies SE. These companies have invested billions of dollars in massive export plants and
The Federal Reserve and three of the central banks that just backed its embattled chair are poised to keep interest rates unchanged at an edgy moment for global policymakers. Officials in Washington are widely expected to defy US President Donald Trump's calls for lower borrowing costs on Wednesday at the end of their two-day meeting. Peers in Brazil, Canada, and Sweden may also retain current settings. Those latter three were among more than a dozen, including the Bank of England and European Central Bank, whose chiefs spoke out in "full solidarity" with chair Jerome Powell, backing independence at a time when the administration in Washington is dialling up the pressure on him and his colleagues. Aside from Trump's frequent complaints at its unwillingness to slash interest rates, the Fed
