Latest news

Australia
Aug 2, 2024

MP Materials loss steeper than expected on low unusual earths rates

U.S. unusual earths manufacturer MP Materials on Thursday reported a steeperthanexpected secondquarter loss due to falling rates for the tactical minerals and operational challenges, although executives forecast...

Colombia
Aug 2, 2024

Investment in Colombia oil and gas production to fall 7% in 2024, market group says

Investment in Colombia's oil and gas production is forecast to decline by 7% to $3.5 billion in 2024, the Colombian Petroleum Association (ACP) said in a. press...

Brazil
Aug 2, 2024

Fires in Brazil's Amazon jungle for July surge to greatest in two decades

The number of fires in Brazil's Amazon rainforest region rose to a record high for the month of July in practically twenty years, government information showed on...

United States
Aug 2, 2024

Refiner HF Sinclair beats quarterly earnings estimates on higher processing volumes

HF Sinclair reported a. quarterly revenue on Thursday that beat analysts' quotes as it. processed greater volumes of crude oil and on strength at its. lubricants and...

United States
Aug 2, 2024

Oil slips over $1 as supply undamaged regardless of Middle East dispute worries

Oil prices settled more than $ 1 lower on Thursday as worldwide supply appeared largely unaffected by worries of a broader Middle East crisis after the killing...

United States
Aug 2, 2024

Gold withdraws from two-week high as focus shifts to United States payrolls data

Gold costs edged down on Thursday following an uptick in the U.S. dollar, after bullion hit a. twoweek high previously in the session on expectations of. September...

Peru
Aug 2, 2024

Andean glacier retreat extraordinary in human civilization, research study finds

Current glacier retreat across the Andes is unprecedented in the history of human civilization, according to a new research study released in the Science journal on Thursday....

United States
Aug 2, 2024

World stocks turn lower as United States data sparks concern, yields rise

International equities turned lower on Thursday as U.S. production information dragged and monetary stocks in Europe saw their greatest oneday thrashing considering that March 2023. Treasury yields...

China
Aug 2, 2024

Hess shares fall most in 20 months on lengthy new delay to Chevron sale

Shares in U.S. oil manufacturer Hess suffered their biggest day-to-day portion drop in 20 months on Thursday on fallout from the lengthy brand-new delay to its proposed...

Venezuela
Aug 2, 2024

US court hold-ups choice of bids in Citgo share auction, filing says

A U.S. court on Thursday consented to postpone the selection of finalists in an auction that might alter the ownership of Citgo Petroleum, pressing back any sale...

United Kingdom
Aug 2, 2024

Shell beats forecasts with $6.3 bln 2nd quarter earnings

Shell reported secondquarter earnings of $6.3 billion, a drop of 19% from the previous three months as refining margins and oil and gas trading deteriorated, though still...

Canada
Aug 2, 2024

Canadian Natural tops Q2 profit on higher oil costs, production increase

Canadian Natural Resources Ltd. beat secondquarter earnings quotes on Thursday thanks. to higher oil rates and rising output, but is preparing to delay. conclusion of some brand-new...

United Kingdom
Aug 2, 2024

Copper falls on soft Chinese factory data, higher inventories

Copper rates retreated on Thursday on worse than anticipated factory information in top metals customer China and rising inventories that highlighted excess supply. Three-month copper on the...

United States
Aug 2, 2024

US EPA grants fuel waiver to Midwest states impacted by Joliet refinery shutdown

The U.S. Environmental Protection Agency (EPA) on Thursday released an emergency waiver to help minimize fuel shortages in four states where the supply of gas has been...

China
Aug 2, 2024

Canadian union Unifor calls for rigorous tariffs on imported Chinese EVs, elements

Canadian labour union Unifor contacted the federal government on Thursday to enforce tariffs on all Chinesemade electric lorries (EVs), EV batteries and other parts, aligning it with...

United States
Aug 2, 2024

Exelon beats quarterly revenue estimates as information center consumers swell

Exelon beat Wall Street quotes for secondquarter earnings on Thursday, helped by greater electrical power rates and rising need as the huge electrical energy grows its information...

Brazil
Aug 2, 2024

OPEC+ sticks to oil policy, repeats might pause Oct hike

A meeting of leading OPEC+. ministers has actually kept oil output policy unchanged consisting of a plan. to start unwinding one layer of output cuts from October,...

China
Aug 2, 2024

China Vice Premier calls for action to protect autumn grain harvest

China's Vice Premier Liu Guozhong has prompted local authorities to seek to reduce agricultural losses and guarantee a robust autumn grain harvest, after torrential rain and floods...

Singapore
Aug 2, 2024

Owner of new Singapore exchange Abaxx concurs deal with MineHub

Abaxx Technologies Inc. , which owns a new Singaporebased commodities. exchange, has actually sealed a strategic partnership with. Canadianlisted MineHub Technologies Inc, the. companies stated on Thursday....

Switzerland
Aug 2, 2024

Glencore's ex-head of oil charged with bribery offenses by UK fraud agency

Glencore's former head of oil Alex Beard has actually been charged with bribery offenses relating to the Swiss commodity trader's operations in Africa, Britain's Serious Scams Office...

United States
Aug 2, 2024

HF Sinclair plans to run refineries at up to 84% of combined capacity in Q3

Independent U.S. refiner HF Sinclair prepares to run its refineries between 570,000 and 600,000 barrels daily (bpd) in the third quarter, or 80% to 84% of their...

United States
Aug 2, 2024

NYSE-parent ICE beats earnings views, assisted by increase in energy trading

Intercontinental Exchange on Thursday reported a quarterly revenue rise of 9% that topped analyst price quotes, helped by robust trading in energy markets. The parent of the...

Brazil
Aug 2, 2024

Bolivia battles record wildfires, with worst most likely ahead

Bolivia is facing a record number of fires in the first 7 months of the year, satellite information showed on Thursday, as the flames send villagers running...

Taiwan
Aug 2, 2024

World stocks up, yields fall as traders eye central bank relocations

Worldwide equities broadly acquired on Thursday as treasury yields moved after a rate cut in the UK and prospects of upcoming policy easing in the United States...

Hungary
Aug 2, 2024

Hungarian farmers lead camels through Budapest to highlight environment change

A group of protesting Hungarian farmers lead two camels through downtown Budapest on Thursday, heading to the farm ministry in a quote to raise awareness of the...

United States
Aug 2, 2024

United States building and construction costs extends decrease in June

U.S. construction spending unexpectedly fell in June and the prior month's information was modified lower as greater mortgage rates weighed on singlefamily homebuilding. The Commerce Department's Census...

Environment
Aug 2, 2024

Gunvor partner with VARO to build sustainable air travel fuel facility in Rotterdam

Worldwide energy trader Gunvor Group on Thursday said it will sign up with VARO Energy to develop a large scale sustainable aviation fuel manufacturing center at the...

United States
Aug 2, 2024

Refiner PBF Energy posts bigger-than-expected loss as margins topple

PBF Energy reported a. biggerthanexpected quarterly loss, driven by heavy turnaround. activity and a weak summertime driving season which dented fuel. demand and diminished refining margins. PBF's...

Ireland
Aug 2, 2024

ConocoPhillips beats Q2 earnings, declares shareholder return for 2024

U.S. oil and gas manufacturer ConocoPhillips' secondquarter revenue beat Wall Street estimates on Thursday, gaining from higher output and product costs. The beat comes as ConocoPhillips is...

United States
Aug 2, 2024

Pinnacle West quarterly earnings skyrockets as record heat drives demand

Pinnacle West Capital nearly doubled its secondquarter earnings, as the energy company gained from greater demand due to tape June heat and brand-new consumer rates for its...

United States
Aug 2, 2024

Southern Co beats earnings price quotes on client additions, business need

Utility company Southern Co topped Wall Street revenue estimates on Thursday, assisted by an uptick in the number of consumers and strong industrial need. Information center-driven need...

China
Aug 2, 2024

China Vice Premier calls for action to protect fall grain harvest

China's Vice Premier has prompted regional authorities to reduce agricultural losses, and guarantee a robust fall grain harvest after heavy rains from Typhoon Gaemi lashed its biggest...

India
Aug 2, 2024

India's Tata Steel CEO states no modification in UK job cut plan.

India's Tata Steel will not change its plans on proposed job cuts in Britain, while it assesses the requirement for more financing from the brand-new UK government,...

Canada
Aug 2, 2024

Cenovus Energy's quarterly earnings jumps on greater oil costs, production

Canada's Cenovus Energy published a more than 15% rise in its secondquarter revenue on Thursday, as the oil and gas manufacturer got an increase from greater crude...

United States
Aug 2, 2024

Saudi wealth fund signs $50 bln of deals with Chinese financial firms

Saudi Arabia's sovereign wealth fund PIF has actually signed six memorandums of understanding (MoUs). worth a total of $50 billion with leading Chinese monetary. organizations, the fund...

Australia
Aug 2, 2024

European shares lower on earnings, bonds boosted after Fed, BoE

Significant European equity markets were lower on Thursday after a raft of business revenues in the U.S. and Europe, while a rate cut in the UK and...

United Kingdom
Aug 2, 2024

North Sea oil and gas producers say UK windfall tax is a 'trashing ball'

Britain's choice to increase a windfall tax on oil and gas manufacturers to assist pay for its push to grow renewables will result in a sharp drop...

China
Aug 2, 2024

Asia's petroleum imports drop in July as China remains weak: Russell

Asia's crude oil imports dropped to the most affordable in 2 years in July as demand remained weak in leading importer China and alleviated in number two...

United States
Aug 2, 2024

Gold eliminates Fed-inspired gains as United States dollar rebounds

Gold prices dipped as the dollar rebounded on Thursday, after bullion hit twoweek highs previously in the session on Federal Reserve Chair Jerome Powell's. indicators that a...

Canada
Aug 2, 2024

North Sea oil and gas producers say UK windfall tax is a 'trashing ball'

Britain's decision to increase a windfall tax on oil and gas producers to assist pay for its push to grow renewables will result in a sharp drop...

Spain
Aug 2, 2024

Spanish laboratory sterilises mosquitoes as environment modification fuels spread of dengue fever

A Spanish laboratory is reproducing and sterilising thousands of tiger mosquitoes to fight dengue fever and other diseases as climate change motivates the intrusive species to spread...

South Asia
Aug 2, 2024

Indian commercial device maker Thermax's first-quarter earnings increases

BENGALURU, Aug 1 - India's Thermax published a. 13.5% rise in first-quarter earnings on Thursday, on constant need. for industrial products. Its consolidated revenue before tax and...

Hungary
Aug 2, 2024

No danger to oil supply security in Hungary, Slovakia, EU Commission says

There appears to be no immediate threat to the security of oil supply to Hungary and Slovakia as sanctions enforced by Ukraine on Russian oil manufacturer Lukoil...

China
Aug 2, 2024

Indonesia states Jiangsu Delong financial obligation issues not impacting regional operation

Chinese stainless steelmaker Jiangsu Delong Nickel Industry assured Indonesia stated its prospective bankruptcy reorganisation has had no influence on its Indonesia operation up until now and the...

United States
Aug 2, 2024

Refiner PBF Energy posts bigger-than-expected Q2 loss as margins tumble

PBF Energy reported a. biggerthanexpected quarterly loss on Thursday as the refiner. was affected by a weak summer driving season, which dented fuel. demand and shrunk refining...

Singapore
Aug 2, 2024

Trafigura-Entara consortium to purchase French refinery

Rhone Energies, a consortium of commodity trader Trafigura and Entara LLC, has concurred with ExxonMobil's ESSO SAF to buy the FossurMer refinery and Toulouse and VillettedeVienne terminals...

United Kingdom
Aug 2, 2024

Iraq and BP strategy to develop Kirkuk oil and gas fields, Iraqi PM's workplace states

Iraq has signed a preliminary arrangement with Britain's BP to establish the northern Kirkuk oil and gas fields, the Iraqi prime minister's workplace said on Thursday. Under...

Indonesia
Aug 2, 2024

VEGOILS-Palm oil falls for 2nd session as firmer ringgit, competing oils weigh

Malaysian palm oil futures dropped for a 2nd consecutive session on Thursday as a. stronger ringgit and weak point in competing vegetable oils weighed on. the contract....

Italy
Aug 2, 2024

Prysmian shares reduce from current high as H1 results show 'some weakness'

Prysmian has actually seen some weakness in its firsthalf efficiency, the world's No. 1. cable maker stated on Thursday, as margin pressure in its secret. electrification business...

United States
Aug 2, 2024

Ismael 'El Mayo' Zambada, declared Mexican drug kingpin, to appear in United States court

Ismael El Mayo Zambada, the well-known alleged cofounder of the Sinaloa Cartel, is expected to appear in a U.S. court on Thursday after pleading not guilty recently...