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UAE's oil trading arm plans rapid global expansion, Bloomberg reports
Reuters· 2025-11-07 12:54
Core Insights - ADNOC's trading unit aims to increase its handled volume by two-thirds in the coming years as part of its international expansion strategy [1] Company Summary - ADNOC's trading unit is focusing on international expansion to enhance its trading capabilities [1] - The CEO of ADNOC's trading unit has indicated a significant growth target, aiming for a two-thirds increase in volume [1]
Exclusive: Venture Global's arbitration settlement announced Oct 9 involved Chinese firm Unipec, sources say
Reuters· 2025-10-10 21:14
Core Insights - The arbitration settlement announced on October 9 involves Venture Global and Unipec, a trading unit of Sinopec, indicating a significant development in the energy sector [1] Company Summary - Venture Global has reached a settlement in an arbitration case, which may impact its operations and relationships within the industry [1] - Unipec, as a trading unit of Sinopec, plays a crucial role in the global oil and gas market, and its involvement in this settlement highlights its strategic importance [1]
Glencore promotes head of LNG to lead oil and gas trading, memo shows
Reuters· 2025-09-30 11:48
Core Viewpoint - Glencore has appointed Maxim Kolupaev as the new head of its oil and gas trading division, effective after the current head Alex Sanna steps down at the end of 2025 [1] Group 1 - Maxim Kolupaev is currently the top gas and power trader at Glencore [1] - The transition in leadership is part of Glencore's strategic planning for its oil and gas trading division [1] - The memo regarding this promotion was seen by Reuters, indicating internal communication within the company [1]