Latest news

Asia / Pacific
Jun 19, 2024

Copper and aluminium climb as dollar slips

Copper and aluminium prices rose in London on Wednesday, as support from a weaker U.S. dollar and concerns about supply balance out fret about need from leading...

Asia
Jun 19, 2024

What caused the storm that brought Dubai to a grinding halt?

A storm struck the United Arab Emirates and Oman today bringing record rains that flooded highways, flooded homes, gridlocked traffic and caught individuals in their homes. A...

West Africa
Jun 19, 2024

Dangote sets up London trading office, works with crude oil supervisor

Nigerian billionaire Aliko Dangote has hired a crude oil supervisor as he develops a London trading office to manage crude and fuel deals for his brand-new mega...

Germany
Jun 19, 2024

Climate change damage might cost $38 trillion each year by 2050, study finds

Damage to farming, facilities, efficiency, and health from climate modification will cost an approximated $38 trillion annually by 2050, German governmentbacked research finds, a figure practically certain...

United States
Jun 19, 2024

EUROPE GAS-Prices fall as threat premiums deteriorate

April 17 - Dutch and British wholesale gas rates published steeper drops on Wednesday amidst weakening issues over an escalation of Middle East that could affect melted...

East European Countries
Jun 19, 2024

Czech billionaire Kretinsky's sprawling empire

Czech billionaire Daniel Kretinsky has been on a buying spree in France and Britain, where he is working on improving an offer for the owner of Britain's...

North America
Jun 19, 2024

Activist financier Engine Capital backs require Parkland review, including sale

Activist investor Engine Capital on Wednesday backed largest shareholder Simpson Oil's call to put Canadian fuel distributor Parkland Corp on the block as part of a tactical...

South America
Jun 19, 2024

Brazil braces for worst coral lightening ever

Brazil is bracing for what may be its worstever coral whitening occasion as very warm waters damage reefs in the nation's largest marine reserve-- threatening the area's...

Asia / Pacific
Jun 19, 2024

Billionaire Adani's household increases stake in Ambuja Seals with $997 mln investment

Indian billionaire Gautam Adani's family raised its stake in Ambuja Cements to 70.3% from 66.7% with a 83.39 billion rupees ($ 996.7 million) financial investment, in a...

Europe
Jun 19, 2024

Forward prices fall with carbon losses, easier oil

European power curve costs fell in Wednesday afternoon trading as EU carbon allowances dropped sharply and economic concerns outweighed worries about Middle Eastern tensions in the related...

Africa
Jun 19, 2024

Zimbabwe targets 33% dive in wheat plantings in spite of El Nino

Zimbabwe expects to increase its wheat plantings by 33% this year despite a rains season impacted by El Nino, a federal government authorities stated on Wednesday. The...

Environment
Jun 19, 2024

Clean up starts after a minimum of one dead in heavy UAE rain, floods

Authorities and communities across the United Arab Emirates were clearing particles on Wednesday after at least one person passed away and homes and organizations were damaged in...

Asia / Pacific
Jun 19, 2024

Gold increases on Middle East stress, dollar drop

Gold prices increased on Wednesday, to near recordhigh levels as dangers of the Middle East dispute spreading to other areas brought safehaven flows into bullion, along with...

Africa
Jun 19, 2024

Draft EIA study on Mozambique's 2nd FLNG factory beneficial

A second drifting liquefied gas (FLNG) factory for Mozambique would have very little negative effect on its sensitive surroundings, a draft ecological impact assessment (EIA) research study...

Middle East
Jun 19, 2024

ADNOC Trading snaps up June-loading Upper Zakum crude, tightens Mideast supply

The trading arm for Abu Dhabi National Oil Co (ADNOC) has purchased numerous Juneloading cargoes of Abu Dhabi's Upper Zakum crude in the area market, tightening up...

Saudi Arabia
Jun 19, 2024

Saudi's Feb crude exports edge up to 6.317 mln bpd

Saudi Arabia's crude oil exports in February edged as much as 6.317 million barrels daily (bpd) from 6.297 million bpd in January, data from the Joint Organizations...

Energy Markets
Jun 19, 2024

VEGOILS-Palm oil extends losing streak to end at least expensive in six weeks

Malaysian palm oil futures closed lower on Wednesday for a 4th straight session, slipping to their least expensive closing in six weeks, as competitive pricing of competing...

Western Europe
Jun 19, 2024

NORDIC POWER-Forward rates fall on lower European energy prices

Nordic power costs edged down on Wednesday, weighed down by lower continental energy rates, although decreasing water reserves in the hydropowerdependent region kept losses in check. *...

Fossil Fuels
Jun 19, 2024

Covestro: no due date to conclude ADNOC talks, will take the needed time

Covestro said on Wednesday that it is under no legal due dates to come to a. choice in talks with suitor Abu Dhabi National Oil Business. (...

Asia / Pacific
Jun 19, 2024

Russia remains in close contact with metals industry after sanctions, Kremlin says

The Kremlin on Wednesday said the Russian government remained in close contact with the metals market and was talking about different options following U.S. and British sanctions...

Asia / Pacific
Jun 19, 2024

Gold consistent as geopolitical problems counter firmer dollar, yields

Gold rates were constant on Wednesday, holding just below recordhigh levels as safehaven demand, sustained by geopolitical threats in the Middle East, balanced out the pressure from...

Mineral Resources
Jun 19, 2024

Base metals climb as supply worries balance out need issues

Base metals gained on Wednesday as supply worries offset need issues and the U.S. dollar moved from a fivemonth high. Three-month copper on the London Metal Exchange...

Australia / New Zealand
Jun 19, 2024

EUROPE GAS-Prices alleviate somewhat but supply risks stay

April 17 - Dutch and British wholesale gas prices reduced on Wednesday early morning but were still near their highest levels considering that January, as the marketplace...

Europe
Jun 19, 2024

German area down on more renewables, France up on need

European area power rates were mixed in Wednesday wholesale market trading, with Germany's down on projections for greater wind and solar generation and French prices up on...

Asia / Pacific
Jun 19, 2024

Japan Inc makes a restored U.S. push as China fears mount

Japanese business are significantly hitching their growth prepares to the United States, as concerns about Chinese need and Beijing's influence over supply chains prompt an obvious pivot...

Africa
Jun 19, 2024

Effect manager Acre raises $100 mln for African environment facilities

2 former BNP Paribas bankers have raised almost $100 million for a new fund which aims to open billions of dollars of funding for climatealigned infrastructure tasks...

Energy Markets
Jun 19, 2024

VEGOILS-Palm oil loses ground for fourth session, hits six-week low

Malaysian palm oil futures dropped on Wednesday for a 4th straight session, slipping to their lowest in six weeks, as competitive pricing of competitor edible oils weighed...

Nordic States
Jun 19, 2024

Nel States Further Developments Required To Increase Profitability

Nel ASA: * NEL ASA - EXTERNAL AND INTERNAL ANALYSES SUPPORT A MARKET VIEW THAT NUMEROUS GIGAWATTS OF ELECTROLYSER PROJECTS WILL REACH FINAL INVESTMENT CHOICE BEFORE 2025...

Asia / Pacific
Jun 19, 2024

Coral whitening afflicts most of Australia's Great Barrier Reef, report shows

Some threequarters of Australia's famous Terrific Barrier Reef is struggling with coral whitening, authorities said in a report on Wednesday, days after environment scientists cautioned the condition...

Australia
Jun 19, 2024

Australia grants loans to Alpha HPA, Renascor for important minerals projects

Alumina manufacturer Alpha HPA and graphite producer Renascor Resources will get aggregate A$ 585 million ($ 375.63 million) in loans from the Australian government under its critical...

Asia / Pacific
Jun 19, 2024

VEGOILS-Palm oil succumbs to 4th session to strike six-week low

Malaysian palm oil futures fell for a fourth straight session on Wednesday to hit their most affordable in six weeks, weighed down by weak need as competitive...

Asia / Pacific
Jun 19, 2024

REMEDIED (AUTHORITIES)- Japan's Nissan bets on solid-state batteries, gigacasting for next-gen EVs

Japan's Nissan Motor will start to produce solidstate batteries for electrical automobiles at scale by early 2029 and utilize big casting devices as it seeks to raise...

Asia / Pacific
Jun 19, 2024

Base metals slip as strong dollar, need concerns weigh

Many base metals were nursing losses on Wednesday, weighed down by a strong U.S. dollar and need issues amidst financial headwinds in leading metals consumer China. Three-month...

Australia
Jun 19, 2024

Australia's Rinehart takes stake in Lynas Rare Earths, shares leap

Australia's richest individual, Gina Rinehart, become a considerable investor in Lynas Uncommon Earths, the biggest manufacturer of uncommon earths beyond China, an exchange filing showed late on...

Asia / Pacific
Jun 19, 2024

Gold consistent as geopolitical dangers counter greater Treasury yields

Gold prices held stable on Wednesday as safehaven demand for bullion amid the Middle East conflict partly offset pressure from higher U.S. Treasury yields. BASICS * Area...

United States
Jun 19, 2024

British Service - April 17

The following are the leading stories on the business pages of British newspapers. has not verified these stories and does not guarantee their accuracy. The Times -...

North America
Jun 19, 2024

Valero shuts Tennessee small crude unit for work, sources say

Valero Energy Corp. shut the little crude distillation system (CDU) at its 180,000. barrelperday (bpd) Memphis, Tennessee, refinery on Monday for. a prepared overhaul, individuals acquainted with...

Australia
Jun 19, 2024

Australia's Rinehart takes stake in Lynas Rare Earths

Australia's wealthiest person, Gina Rinehart, become a considerable shareholder in Lynas Uncommon Earths, the biggest producer of unusual earths beyond China, an exchange filing showed late on...

ASEAN Countries
Jun 19, 2024

Offers of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1945 GMT on: ** Envestnet, a U.S. software application supplier with a market worth of about $3.5...

Europe
Jun 19, 2024

World leaders get in touch with countries to promptly validate U.N. ocean treaty

The European Union and the governments of 13 countries urged countries on Tuesday to prioritise the ratification of a U.N. treaty to secure the world's oceans from...

United States
Jun 19, 2024

Gold holds constant as geopolitical dangers counter rate cut issues

Gold rates held consistent on Tuesday, as safehaven need in the middle of continuous tensions in the Middle East offset rising expectations of less U.S. rate cuts...

Chile
Jun 19, 2024

Codelco CEO pledges to pursue community buy-in over lithium growth

Chile's staterun miner Codelco has actually made progress in negotiating with local communities over lithium mining and will keep working to win their support, Chief Executive Ruben...

Mining
Jun 19, 2024

Chile should pass permitting reforms to unblock investment, copper executives state

Chile's federal government needs to rapidly approve a proposal to improve allowing for the mining market to unlock and promote financial investment on the planet's. top copperproducing...

Mining
Jun 19, 2024

Copper retreats on frail Chinese factory information and firm dollar

Copper costs pulled back on Tuesday after factory data compromised in leading metals customer China and as decreased expectations of U.S. interest rate cuts strengthened the dollar....

South America
Jun 19, 2024

Peru copper production growth near 13% in February

Peru's copper production grew 12.7% in February to reach 216,752 metric lots, the country's. energy and mining ministry said on Tuesday. Peru is one of the world's...

Nordic States
Jun 19, 2024

Europe's STOXX 600 slides in wider market decrease on geopolitical jitters

Europe's primary stock index notched its biggest oneday drop in over nine months on Tuesday, with miners and banks leading losses, as investors avoided dangerous assets owing...

South America
Jun 19, 2024

Chile must pass allowing reforms to unblock investment: BHP

Chile's federal government requirements to quickly authorize a proposal to improve permitting for the mining industry to unlock and promote investment on the planet's. leading copperproducing nation,...

Asia / Pacific
Jun 19, 2024

Worldwide Commodities leaves out Russian nickel from its brand-new trading platform

UKbased Worldwide Commodities Holdings Ltd (GCHL) will decline nickel produced in Russia on its new spot trading platform due to be introduced later on this month, it...

Australia / New Zealand
Jun 19, 2024

EUROPE GAS-Prices increase further in the middle of Middle East, supply issues

LONDON, April 16 - Dutch and British gas rates rose even more on Tuesday afternoon amid concerns about tensions in the Middle East, U.S. LNG supply and...

Asia / Pacific
Jun 19, 2024

Russia may eliminate export task on gold

Russia is thinking about abolishing export responsibilities on gold, the director of the financing ministry's tax policy department said on Tuesday, as the nation looks for to...