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Oil & Gas
Jul 2, 2025 12:30 AM

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Malaysia’s oil and gas services Velesto has secured a drilling contract for its NAGA 5 jack-up drilling rig by PTTEP HK Offshore and PTTEP Sarawak Oil, collectively...

China
Jul 2, 2025 12:02 AM

Copper gains as traders continue to ship ahead of potential US tariffs

On Wednesday, copper prices rose at the London Metal Exchange (LME) and Shanghai Futures Exchange, as traders were expected to continue to rush metal shipments into the...

South Asia
Jul 1, 2025

Investors weigh Fed rate stance as they assess US data and gold prices.

The gold price fell on Wednesday, as investors waited for U.S. employment data and assessed Federal Reserve Chairman Jerome Powell's cautious approach to rate cuts. However, a...

United States
Jul 1, 2025

Investors' expectations for the OPEC+ summit have not changed much in terms of oil prices

The price of oil futures was little changed on the day of Wednesday, as investors were cautious ahead of this week's meeting of major producers to decide...

India
Jul 1, 2025

India's renewable energy output increases at the fastest rate in three years

In the first half 2025, India's renewable energy output grew at its fastest rate since 2022. According to an analysis of daily load dispatch data by the...

United States
Jul 1, 2025

US Senate budget bill cuts money for filling oil reserves

The U.S. Senate budget bill, passed on Tuesday, reduces the amount of money that can be used to replenish the Strategic Petroleum Reserve despite the fact that...

South Korea
Jul 1, 2025

UN expert: 'Lucrative business deals' help Israel sustain its Gaza campaign

In a report, a U.N. expert named 60 companies including major arms and technology firms. She accused them of supporting Israeli settlements in Gaza and their military...

United States
Jul 1, 2025

Spain and the World Bank push for wider use 'debt Swaps'

The Spanish Ministry of Economy announced on Tuesday that the two countries have teamed up to "swap" debts to free money for conservation and development in poorer...

Argentina
Jul 1, 2025

South America is shivering in the cold as Europe sizzles

While Europe and North America suffer through heatwaves, South America is experiencing a similar extreme weather event at the opposite end: a sudden freezing snap. On Tuesday...

United States
Jul 1, 2025

Powell's comments and data gauged the impact of Powell's comments on US yields, stock prices, and US stocks.

Investors weighed the latest economic data from the United States and remarks by Federal Reserve chair Jerome Powell in order to determine when interest rates will be...

France
Jul 1, 2025

Stellantis could close its factories as a result of EU fines on carbon emissions

The head of Stellantis' European operations, a Franco-Italian company, said that the automaker may be forced to shut down factories as he fears hefty fines from the...

Peru
Jul 1, 2025

Minister: Peru's economy is expected to grow by up to 3.5% per year in 2025

Economy Minister Raul Perez stated on Tuesday that Peru's economic growth is expected to be between 3.0% to 3.5% by 2025. This is lower than what the...

Norway
Jul 1, 2025

Bezos' methane satellite lost in space

The group operating the satellite said that an $88 million satellite that was backed by billionaire Jeff Bezos and that detected emissions from the oil and gas...

Climate Change
Jul 1, 2025

Bezos' methane satellite lost in space

The group that operated the satellite said on Tuesday that an $88 million satellite, backed by billionaire Jeff Bezos, that measured the emissions of powerful greenhouse gases...

Germany
Jul 1, 2025

Investors assess data and Powell's comments as they lower the dollar and stocks

The dollar and global shares both fell for the ninth consecutive session on Tuesday as investors analyzed a torrent of U.S. data and Jerome Powell's comments to...

Saudi Arabia
Jul 1, 2025

Kpler data show that Saudi Arabia increased crude exports to the United States in June.

Saudi Arabian oil exports reached their highest level in over a year during June, as the country shipped more crude into overseas storage amid fears that supply...

United States
Jul 1, 2025

Trump highlights 'Alligator Alcatraz,' Florida deportations ahead of the bill deadline

U.S. president Donald Trump arrived in Florida Tuesday to open a remote migrant center in the Everglades, dubbed “Alligator Alcatraz”, as he presses lawmakers to pass a...

United States
Jul 1, 2025

Dominion Energy is allowed to continue operating South Carolina nuclear plants until 2062

Dominion Energy has received approval from the U.S. Nuclear regulator to extend its operating license for its V.C. The utility has announced that it will continue to...

United States
Jul 1, 2025

Gold gains over 1% due to weaker dollar ahead of July 9 tariff deadline

Gold prices rose more than 1% Tuesday, helped in part by the weaker dollar as well as economic uncertainty before President Donald Trump's deadline of July 9...

Greece
Jul 1, 2025

Mediterranean Sea temperatures rise due to a marine heatwave

A marine heatwave in June saw temperatures in the Mediterranean Sea soar, and a Greek scientist warned that some species were under threat. This was likely a...

South Korea
Jul 1, 2025

US auto sales expected to increase in the second quarter, but tariffs could drive up prices

U.S. autos sales are expected to increase in the second quarter, aided in part by a sustained demand for gasoline-powered vehicles. However, industry experts warn that tariffs...

United States
Jul 1, 2025

US construction spending drops again in May

The U.S. Construction spending dropped in May due to higher mortgage rates, and an increase in inventory. The Census Bureau of the Commerce Department reported on Tuesday...

Spain
Jul 1, 2025

Spain bans concert ticket scalping and fuel advertising

The Spanish government unveiled on Tuesday a draft law aimed at encouraging sustainable consumption and reducing costs. It would prohibit practices like reselling concert ticket for profit,...

Spain
Jul 1, 2025

Spain and the World Bank launch a debt swap hub to free up development funds

The Spanish Ministry of Economy announced on Tuesday that the World Bank and Spain have partnered to help countries release money for sustainable development projects through debt...

United States
Jul 1, 2025

Andy Home: Copper's high tariffs fail to lift other LME Metals

Doctor Copper isn't the same as it was before Donald Trump, President of the United States, announced an investigation in February into U.S. imported products. Tariff trade...

South Asia
Jul 1, 2025

India launches antitrust investigation of Asian Paints following complaint by billionaire Birla

According to an order, India's antitrust agency ordered an investigation of Asian Paints on Tuesday after Aditya Birla Group paints venture claimed that the country’s top paint...

United States
Jul 1, 2025

IDB aims to unlock more than $11 billion for sustainability goals

The Inter-American Development Bank wants to unlock at least 11 billion dollars in sustainable financing to help countries deal with events such as natural disasters, which put...

Australia
Jul 1, 2025

Investors wait for Trump's tax bill to see if it will affect the stock market and dollar.

The dollar fell to multi-year lows and global shares dropped on Tuesday. It had just finished its worst half-year performance since 1970, and was ahead of the...

United States
Jul 1, 2025

HSBC increases average gold price forecasts 2025 and 26

HSBC increased its forecast for 2025 gold prices to $3.215 from $3.015 and that of 2026 to $3.125 from $2.915, citing elevated risk and government debt. Gold...

United States
Jul 1, 2025

Sources say that DOGE is now focusing on SEC policies and SPAC rules.

According to two sources familiar with the issue, President Donald Trump's Department of Government Efficiency has led the U.S. Markets Watchdog to relax Wall Street rules regarding...

United States
Jul 1, 2025

Governor of Izhevsk: Three dead and 35 injured after Ukrainian strike on Izhevsk factory

Alexander Brechalov, the regional governor of Izhevsk region, said on Tuesday that three people had been killed and 35 injured by a Ukrainian drone attack on a...

United Kingdom
Jul 1, 2025

Copper hits three-month record high due to stronger China data

The copper price hit a three-month high on Tuesday, as traders said that a stronger dollar and the improved manufacturing data in China helped to boost demand....

United Kingdom
Jul 1, 2025

US Supreme Court deals blows to EPA, environmental protections

In a series recent rulings, the U.S. Supreme Court has dealt a blow to environmental interests. This includes limiting the authority of Environmental Protection Agency and relaxing...

United States
Jul 1, 2025

Sources say that the EU wants to see early relief in key sectors of any US trade agreement

EU diplomats said that the EU wants to see immediate relief on tariffs for key sectors in any deal reached with the United States by the deadline...

United States
Jul 1, 2025

Gold prices rise on weaker dollar, US tariffs and fiscal uncertainty

The gold price rose by over 1% Tuesday, as investors sought safe haven assets due to a weaker US dollar and concerns over the fiscal outlook of...

China
Jul 1, 2025

Iron ore prices fall on weak Chinese demand

Iron ore futures fell on Tuesday as disappointing factory data, and the persistent problems in China's property sector dampened sentiment. The bearish outlook was boosted by warnings...

Japan
Jul 1, 2025

India's April to May finished steel imports fell 27.6% on an annual basis as China and Japan shipments declined

The provisional data from the government, reviewed on Tuesday, showed that India's imports of finished steel fell by 27.6% during the first two-month period of the new...

China
Jul 1, 2025

Investors watch US trade negotiations as copper prices rise on a weaker dollar

The London Metal Exchange and Shanghai Futures Exchange saw copper prices rise on Tuesday, boosted by a lower dollar. However, uncertainty about U.S. Trade talks with major...

Germany
Jul 1, 2025

Ifo: mood in Germany's chemicals industry improves over power subsidy plan

According to a Tuesday survey, the expectations of companies in Germany's chemicals industry have improved dramatically in June. They are pinning their hopes on an upcoming reduction...

India
Jul 1, 2025

Sources say that India sent geologists to Zambia in order to explore copper and Cobalt deposits.

Two Indian government sources confirmed that India sent a geologist team to Zambia to investigate copper and cobalt deposit. New Delhi is stepping up its efforts to...

United States
Jul 1, 2025

Nextwind raises $1.6 Billion for German Wind Energy Expansion

Nextwind, an European renewable energy provider said that on Tuesday it had secured debt financing of 1.4 billion euro ($1.6 billion) for the expansion a German wind...

Italy
Jul 1, 2025

Nextwind raises $1.6 Billion for German Wind Energy Expansion

Nextwind, an European renewable energy provider said that on Tuesday it had secured debt financing of 1.4 billion euro ($1.6 billion) for the expansion a German wind...

Taiwan
Jul 1, 2025

Investors ponder Trump tax bill as they watch Asian shares rise and the dollar fluctuate

The dollar remained near its multi-year lows as Asian shares rose and markets awaited the vote on President Donald Trump's tax and spending bill. The global share...

China
Jul 1, 2025

Iron ore prices fall as China's factory data and property woes weigh

Iron ore futures fell on Tuesday, as disappointing factory data in China and the persistent problems of its property sector dampened sentiment. The bearish outlook was boosted...

Switzerland
Jul 1, 2025

Kandersteg's Alpine Disaster Preparedness is a focus after a Swiss village loses its life in landslide

After a massive rockslide and glacier collapse buried an adjacent village in Kandersteg last month, officials are closely monitoring the mountain peak towering above the resort's picturesque...

United States
Jul 1, 2025

The price of oil has fallen on the back of OPEC+'s increased supply and tariff worries

The oil prices fell on Tuesday due to expectations that OPEC+ will increase their output in August, and fears of a slowdown in the economy caused by...

United States
Jul 1, 2025

IDB will increase climate finance support to at least $11 billion

Inter-American Development Bank President, said that the bank aims to attract at least $11billion in new climate finance by launching a series initiatives to assist countries with...

Oil & Gas
Jul 1, 2025

Vallourec Bags ADNOC Order for Tubular Solutions

French tubular solutions supplier Vallourec has secured a significant order from Abu Dhabi National Oil Company (ADNOC) for the supply of more than 30,000 tons of carbon...

Wind Farms
Jul 1, 2025

Osbit Opens New Offshore Wind Facility in Port of Blyth

Osbit, an offshore wind engineering company operating as part of Venterra Group, has opened a new assembly and service facility at the Port of Blyth in the...

Australia
Jul 1, 2025

Australia's red-meat industry abandons 2030 carbon neutrality goal

A group representing the Australian livestock industry said Tuesday that it had given up its goal of making the sector, which is a major emitter and planet-warming...