Archives / 22 June 2018

  • India, China to form oil buyers club

    India, China to form oil buyers club

    To be able to negotiate better prices with oil exporting countries, India and China discuss creating an 'oil buyers' club', India's Petroleum Ministry said, cited by Oilprice.com. They will be looking to import more US crude oil in order to reduce OPEC's sway, both over the global oil market and over prices.

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  • Linde, Praxair propose merger concessions

    Linde, Praxair propose merger concessions

    German industrial gases company Linde and US peer Praxair have offered concessions in a bid to address EU antitrust concerns and secure approval for their merger. The companies submitted their offer on 20 June, according to a filing on the European Commission website. The EU competition enforcer extended its deadline for a decision to 24 August, without providing details of the concessions.

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