Latest news

Iraq
Feb 2, 2025

Iraqi parliament approves compensation plan for Kurdistan oil dispute, lawmakers

The Iraqi parliament approved on Sunday a budget amendement to subsidise the production costs of international oil companies that operate in Kurdistan, a semi-autonomous region. This was...

Ukraine
Feb 2, 2025

Two people killed in Russian Belgorod by drones from Ukraine, according to the governor

The regional governor reported that two civilians died in multiple drone strikes on the Russian region of Belgorod, which borders Ukraine. In a Telegram post, Governor Vyacheslav...

Mexico
Feb 2, 2025

North American companies prepare for the fallout of Trump tariffs

The "wait and watch" period for North American businesses is over. U.S. president Donald Trump imposed a 25% tax on goods coming from Canada and Mexico along...

India
Feb 2, 2025

Shein returns to India with Reliance after 2020 ban

Reliance Retail launched an app to sell fashionwear in India from China's Shein, under a license deal. This comes almost five years after Shein's App was banned...

Australia
Feb 1, 2025

Floods in Australia's north-east have killed one and urged thousands to evacuate

Authorities in Australia said that one person died in the heavy flooding in north Queensland on Sunday. They urged thousands of people to seek higher ground because...

Canada
Feb 1, 2025

Trump's oil-tariffs boost European and Asian refiners

Analysts and market participants said that Donald Trump's tariffs on Canadian oil and Mexican oil will give European and Asian refineries an advantage over their U.S. competitors....

Canada
Feb 1, 2025

Trump tariffs on Canadian and Mexican oil will increase pump prices

Analysts and fuel traders predict that U.S. gas prices will increase after President Donald Trump's Saturday decision to apply tariffs to Canadian and Mexican oil. Fuel prices...

United States
Feb 1, 2025

Trump tariffs on Canadian and Mexican oil will increase pump prices

Analysts and fuel traders predict that U.S. gas prices will increase after President Donald Trump's Saturday decision to impose tariffs on Canadian oil and Mexican oil. Fuel...

Ukraine
Feb 1, 2025

Ukraine's military confirms four deaths in Russian attack on Kursk region boarding school

Ukraine's military announced on Saturday that Russian troops had attacked a boarding-school housing people preparing to evacuate in a part held by Ukrainian forces of Russia's Kursk...

Ukraine
Feb 1, 2025

Pensioner waiting at missile attack site for bodies of presumed dead family members

Ihor Yavorskyi, a Ukrainian pensioner who served in the military, spent the entire day on Saturday at the scene of a Russian missile strike to find out...

United States
Feb 1, 2025

Trump announces that Venezuela will accept illegal migrants captured by the US

Donald Trump, the U.S. president, said that Venezuela had agreed to accept all Venezuelan illegal immigrants captured in the United States. Venezuela will also pay for their...

Africa
Feb 1, 2025

Mali gold mining accident kills over a dozen people, including women and kids

The national union of gold counters, refineries and artisanal gold miners (UCROM) announced on Saturday that thirteen artisanal gold miners, among them women and children, died in...

Ukraine
Feb 1, 2025

Gas infrastructure and 11 dead in Russian air strike on Ukraine

Officials in Ukraine said that Russia had launched a barrage on Ukraine with drones and missiles, which killed 11 people, damaged dozens of homes, and destroyed energy...

South Asia
Feb 1, 2025

India's Budget: Corporate winners and losers

Nirmala Sitharaman, India's finance minister, unveiled her annual budget on Sunday. The budget focused on increasing the purchasing power of the middle class, encouraging inclusive growth and...

India
Feb 1, 2025

INDIA BUDGET - India proposes to open the guarded Nuclear Sector to Private Firms

India proposed on Saturday to amend its Nuclear Liability Law to increase foreign and private investment in this highly-guarded industry, ahead of the visit by Prime Minister...

India
Feb 1, 2025

INDIA BUDGET - India to provide $647 Million to support strategic reserves oil purchases in 2025 and 26

The budget document released on Saturday revealed that India will spend $646.88 million to purchase oil for its Strategic Petroleum Reserves (SPRs). Indian Strategic Petroleum Reserve Ltd....

South Asia
Feb 1, 2025

Stocks of Indian infrastructure fall after a'modest increase' in capital expenditure in the budget

Indian infrastructure stocks fell in a special session on Saturday. Sector leader Larsen & Toubro led the losses, as investors were disappointed with the'modest" increase in capital...

Wind Farms
Feb 1, 2025

Cadeler Takes Delivery of Its Sixth Wind Turbine Installation Vessel

Danish offshore wind installation firm Cadeler has taken delivery its new wind turbine installation vessel (WTIV) Wind Maker, the first of the two planned M-class vessels to...

Jan 31, 2025

Islanders win seventh consecutive game vs. Lightning

The New York Islanders are the best NHL team right now. They will be looking to win their seventh consecutive game when they face the Tampa Bay...

United States
Jan 31, 2025

Maze Therapeutics debuts on Nasdaq with a lukewarm $690.4 Million valuation

Maze Therapeutics was the latest drug-developer to list on the New York Stock Exchange. Its shares rose nearly 1% during their debut and gave the company a...

Mexico
Jan 31, 2025

Trump expects Canada to pay less duty on oil after Feb. 18,

Donald Trump, the U.S. president, said that he expected his administration to implement tariffs on oil and gas by February 18th. It could also reduce the planned...

France
Jan 31, 2025

Big Oil's profits from refining are expected to decline in 2025

Oil executives are not optimistic about the refining industry in 2025 Exxon and Chevron Q4 profit hurt by weak refinery sector Fuel demand in the US and...

United States
Jan 31, 2025

Wall St. ends lower after White House announces Trump will implement tariffs

U.S. stock indexes lost ground on Friday after the White House announced that U.S. president Donald Trump would implement tariffs on Saturday of 25% on Canadian, Mexican...

United States
Jan 31, 2025

Dow, S&P 500 and Dow decline as White House announces Trump will implement tariffs

S&P 500, Dow and Dow Jones were all slightly lower in Friday's trading. Indexes lost ground after the White House announced that U.S. president Donald Trump would...

Brazil
Jan 31, 2025

Petrobras Brazil raises diesel prices first time since 2023. Shares rise

Petrobras, the state-run Brazilian oil company, announced on Friday that it would increase the price of diesel sold to its distributors for more than a month. This...

Mexico
Jan 31, 2025

What is worrying US executives about tariffs?

In the early days this quarter's earning season, tariffs were on executives' minds as U.S. president Donald Trump threatened to hit Mexico and Canada with levies against...

Brazil
Jan 31, 2025

Brava's onshore assets can be purchased through the Fluxus process in Brazil

Fluxus, a Brazilian oil and natural gas company owned by the conglomerate J&F has decided to withdraw its bid to purchase assets onshore owned by Brava Energia....

Iran
Jan 31, 2025

Iran Foreign Minister: Attacking our nuclear sites would 'be one of the biggest mistakes US could do'

In an interview broadcast on Friday, Tehran's Foreign Minister told Al Jazeera TV that Iran would respond quickly and decisively in the event of an attack against...

Brazil
Jan 31, 2025

Brazil's carbon trading takes off but agribusiness is not scrutinized

Brazil sets basic rules on its carbon market Largest polluters, farmers escape cap to emissions Protecting natural areas will receive more funding By Andre Cabette Fabio The...

United States
Jan 31, 2025

EIA reports that US oil production fell in November after reaching a record high in October

The U.S. Energy Information Administration reported in its Petroleum Supply Monthly Report on Friday that U.S. crude production dropped by 122,000 barrels a day in November, to...

United States
Jan 31, 2025

Exxon reports mixed Q4 results, with higher oil production but weaker refining profits

Exxon Mobil posted mixed results for the fourth quarter, which showed weakness in its chemicals and refining businesses. However, it exceeded Wall Street's profit estimates with higher...

United States
Jan 31, 2025

Gold reaches record highs amid Trump tariff uncertainty

Gold prices have reached a new record high due to the geopolitical uncertainty and concern over global economic growth in light of U.S. president Donald Trump's proposed...

Moldova
Jan 31, 2025

Moldovan opposition leader forms coalition against Sandu in parliament elections

The Moldovan opposition leader, Alexandr Stoianoglo who lost the presidential vote held in November, announced on Friday that he would lead a coalition consisting of three parties...

India
Jan 31, 2025

India's ONGC misses profit forecasts for Q3 as lower realisations weight

India's Oil and Natural Gas Corp. (ONGC) announced a loss for the third quarter on Friday as a buoyant fuel market failed to compensate the explorer against...

United States
Jan 31, 2025

CNN reports that Trump's Grenell is expected to meet Venezuelan Maduro this Friday.

CNN, citing an insider familiar with the situation, reported that Richard Grenell, the envoy of U.S. president Donald Trump, is scheduled to meet Venezuelan President Nicolas Maduro...

United States
Jan 31, 2025

Trudeau warns that tough times are coming, and says Canada will respond to tariffs

Justin Trudeau, the Prime Minister, warned Canadians on Friday that they may be in for a tough time if the United States follows through with its threat...

Canada
Jan 31, 2025

Apple's rise in the stock market is a positive sign, but tariffs are also a focus.

The global stock market rose on Friday, ending a volatile trading week. Apple's quarterly earnings report and a similar U.S. inflation rate boosted sentiment. As the deadline...

United States
Jan 31, 2025

Wright, Trump's energy nominee, will speak at a conservative event in London on April 16, says a group.

The organization announced on Thursday that Chris Wright, Donald Trump's nominee to lead the U.S. Energy Department will be speaking to a conservative think-tank in London, next...

Ireland
Jan 31, 2025

Ireland must increase electricity investment following storm damage, says PM

The Prime Minister Micheal Mart said that Ireland needs to invest heavily in its electrical grid so it can prepare for future weather conditions. After Storm Eowyn,...

United States
Jan 31, 2025

Environment workers rush to remove toxic debris from the LA fires

First, there were the rapid-fires that caused so much destruction. Workers are now tackling the delicate and massive task of cleaning up hazardous debris from the wreckage...

Germany
Jan 31, 2025

EU lifts gas price cap in energy crisis

The European Union's gas price cap, which was introduced during the Russian gas crisis of 2022, will expire this Friday. It has not been activated since its...

Africa
Jan 31, 2025

Africa launches a new gold standard currency plan backed by minerals

Africa's Development Bank proposes a new "gold standard" style currency arrangement, backed by minerals like cobalt and copper, as well as lithium, manganese, and some of the...

United States
Jan 31, 2025

Exxon exceeds Q4 expectations with higher Permian and Guyana output

Exxon Mobil beat Wall Street's fourth-quarter profit estimate on Friday as higher oil and natural gas production more than offset lower oil prices. Refining margins were also...

Canada
Jan 31, 2025

Canada's Imperial Oil Quarterly Profit Falls on Weak Crude Prices

The Canadian oil company Imperial Oil reported a decline in profit for the fourth quarter on Friday as lower crude prices were offset by higher production and...

Africa
Jan 31, 2025

Libya's State Oil Company wants to increase output and transparency, says new Chairman

Massoud Suleman, the new acting chairman of Libya's National Oil Corporation, said that it would focus on increasing its output and transparency as Africa's largest oil producer...

Africa
Jan 31, 2025

Swiss court finds former Trafigura executive guilty of corruption

S witzerland’s top criminal court found Trafigura, a former executive and a company guilty of corruption on Friday in a case involving the payment made to an...

United Kingdom
Jan 31, 2025

LyondellBasell reports quarterly loss due to weak demand for chemicals

LyondellBasell, a petrochemicals company, reported Friday a loss for the fourth quarter. This was due to a weak demand in key markets like Europe and Asia. The...

Africa
Jan 31, 2025

Congo's army, Burundian allies halt southern M23 rebel march

As they attempted to push south Friday, the Rwandan-backed rebellions that have swept eastern Congo in this week were met with resistance by the army and allies...

United States
Jan 31, 2025

Phillips 66 reports smaller-than-expected fourth quarter loss on renewables strength

Refiner Phillips 66 reported a smaller-than-expected loss on Friday as strength in its renewables segment offset a sharp decline in refining margins. The renewable fuels segment posted...

Nigeria
Jan 31, 2025

Russia extends the gasoline export license for large companies to end-Feb

The government has granted permission to Russia's biggest oil companies to continue gasoline sales until the end February. This extends a waiver that was due to expire...