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By Anna Peverieri (Reuters) – Luxembourg-based steel group Aperam has urged the European Commission to implement the recommendations of its Steel Action Plan without delay, the group’s CEO said on Monday. Aperam, which makes stainless and speciality steels and alloys, told the Commission that it needed to “apply existing trade defense instruments assertively”, CEO Timoteo …

Aperam urges EU Commission to implement Steel Action Plan without delay Read More »

By Riham Alkousaa BERLIN (Reuters) – Germany’s liquefied natural gas (LNG) terminal in the Baltic Sea port of Mukran operated at 5% capacity in the first quarter of 2025, an analysis showed on Monday, amid local opposition and criticism over its environmental impact and excess capacity. Germany has expanded its natural gas import options to …

Germany’s Mukran LNG terminal at 5% utilisation in Q1, says DUH Read More »

LONDON (Reuters) – Natig Mustafayev has been appointed chief executive of Azeri oil and gas group Socar’s Swiss trading subsidiary, Socar Trading, the state-owned Azeri company said on Monday. Mustafayev took up the position on Monday, replacing Mariam Almaszade, who has been in the role since 2018. Almaszade will now move to a senior advisory …

Socar Trading appoints Natig Mustafayev as chief executive Read More »

BRUSSELS (Reuters) – European Union finance ministers will discuss on Friday how to tackle the expected blow to Europe’s economic growth from tariffs imposed by the United States on EU goods, the chairman of the meeting Andrzej Domanski wrote in an invitation letter. Domanski, the finance minister of Poland which holds the rotating presidency of …

EU finance ministers to discuss tariff impact on economy Read More »

MOSCOW (Reuters) – Russian Urals oil prices fell to the lowest levels since 2023 as international benchmark Brent prices collapsed amid escalating trade tensions between the U.S. and China following the tariffs policy announced last week, Reuters calculations based on traders’ data showed. Weaker Urals prices will weigh on Russia’s oil revenues – a core …

Russian Urals oil prices fell to the lowest level since 2023 as Brent price collapsed Read More »

LONDON (Reuters) – The Financial Stability Board, a group comprising financial regulators around the world, said on Monday it had nominated Bank of England Governor Andrew Bailey as its next chair for a three-year term starting in July. “Andrew possesses the leadership, expertise, and vision needed to guide the FSB in achieving its objectives. We …

Global bank regulator group names BoE’s Bailey as its next chair Read More »