Latest news

Oil & Gas
Jul 10, 2024

BP Shares Dip After Warning Weak Refining Will Hit Q2 Profits

Weak refining margins and lower oil trading results will dent BP's second-quarter profit by up to $700 million, the company said on Tuesday, sending its shares down...

Spain
Jul 10, 2024

Portugal pledges fast anti-drought investment in Algarve tourism center

Portugal's federal government promised on Thursday to speed financial investments worth 366 million euros ($ 397.7. million) to combat a systemic dry spell in the tourismdependent. southern...

North America
Jul 10, 2024

US Southwest swelters under extreme temperatures as heat dome persists

A huge highpressure system known as a heat dome that has stalled over the U.S. Southwest will push temperatures in the region well above 100 degrees Fahrenheit...

Mining
Jul 10, 2024

Opening of new mines improves Ivory Coast 2023 gold output

Ivory Coast's gold output hit a record high in 2023, assisted by the opening of brand-new mines, and will continue to grow further, mines minister Mamadou Sangafowa...

Germany
Jul 10, 2024

German utilities to bid for new power station capability

Germany's government has announced it will launch tenders in 2024 for 10 gigawatts (GW). of brand-new gasfired power station capacity that should be ready to. switch to...

Nordic States
Jul 10, 2024

World stocks at record high after mindful ECB rate cut

World stocks hit an alltime high and the euro increased on Thursday after the European Reserve bank cut rates of interest for the first time in nearly...

Nordic States
Jul 10, 2024

Soccer-Premier League groups vote to keep VAR

Premier League groups enacted favour of keeping Video Assistant Referees (VAR) on Thursday, regardless of the considerable quantity of criticism this past season about the technologyaided officiating...

Mining
Jul 9, 2024

International gold ETFs saw first inflows in a year in May, says WGC

International physically backed gold exchange traded funds (ETFs) attracted their first inflows in May after a year, powered by additions to holdings by Europe and Asialisted funds,...

Germany
Jul 9, 2024

German economy minister: power plant strategy to be completed quickly

German Economy Minister Robert Habeck stated on Thursday he was putting finishing touches to a postponed power plant method in close talks with the European Commission, which...

Oil & Gas Drilling
Jul 9, 2024

US oil and gas production program indications of flattening: Kemp

U.S. oil and gas production are finally revealing signs of flattening out as drilling rigs and well completion crews have actually been idled in response to the...

Saudi Arabia
Jul 9, 2024

Hungary adheres to Russian gas, United States calls it 'dangerous addiction'

Hungary indicated on Thursday it had no strategies to desert natural gas imports from Russia and sought to deepen company ties with Moscow in nonsanctioned areas, activating...

Australia / New Zealand
Jul 9, 2024

Rio Tinto's S.African system might resume mineral sands job halted by violence

A South African unit of mining giant Rio Tinto will look for board approvals next year to resume growth plans at the mineral sands company stopped in...

United States
Jul 9, 2024

Deals of the day-Mergers and acquisitions

The following quotes, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday: ** Financial investment firm MNC Capital has raised its deal to get sporting...

Asia
Jul 9, 2024

Sri Lanka legislates to revamp power sector, bring in renewables financial investment

Sri Lanka's parliament approved a law on Thursday to bring in investment in eco-friendly energy and lower losses in its staterun power monopoly steps it had actually...

Asia / Pacific
Jul 9, 2024

China securities regulator looks for to reduce market panic over delisting threats

China's securities guard dog does not anticipate a nearterm spike in delistings, it said on Thursday, after financiers discarded shares in smallcap companies on worries they might...

Ukraine
Jul 9, 2024

Ukrhydroenergo looks for damages for Russia's destruction of dam

Ukraine's hydroelectric company Ukrhydroenergo stated on Thursday it had initiated global arbitration seeking damages for Russia's. damage of the Kakhovka Dam and power station in June 2023....

Egypt
Jul 9, 2024

Afreximbank pays out $925 million unrefined oil-backed loan to Nigeria's NNPC

Afreximbank has disbursed $925. million to Nigeria's stateowned NNPC, part of a syndicated $3.3. billion unrefined oilbacked prepayment center, the African trade. bank said on Thursday. This...

North America
Jul 9, 2024

Stocks acquire on rate cut bets as ECB conference looms

World shares increased and U.S. Treasury yields fell on Wednesday as financiers focused on an upcoming European Reserve bank policy conference and soft U.S. labor market information...

United States
Jul 9, 2024

Oil increases 1% as Fed rate cut optimism offsets demand fears

Oil costs climbed 1% on Wednesday, rebounding from fourmonth lows, as hopes of an rates of interest cut by the U.S. Federal Reserve in September exceeded demand...

Asia / Pacific
Jul 9, 2024

Chilean regulator go for quick choice on Tianqi-SQM dispute

Chile's monetary regulator said on Wednesday it is intending to respond as quickly as possible to a grievance from China's Tianqi Lithium over a. prepared lithium partnership...

United States
Jul 9, 2024

Lead says it backed Exxon board, however cites financier rights issues

Lead said its funds supported the election of Exxon's director nominees at its yearly conference last week, however the shared fund giant pointed out remaining issues about...

East European Countries
Jul 9, 2024

Polish lawmakers ask court to apprehend former Orlen CEO after missed cash-for-visas statement

Polish legislators asked a. court on Wednesday to detain the former CEO of oil refiner Orlen. Daniel Obajtek to require him to testify on June 7 before...

Asia / Pacific
Jul 9, 2024

China's SPIC invests $147 million in Brazil wind farms, launches solar parks

Chinese electrical energy company SPIC revealed on Wednesday a 780 million reais ($ 147.41. million) financial investment in construction of two brand-new wind farms in. Northeastern Brazil,...

United States
Jul 9, 2024

Gold rises, yields pull away after softer United States tasks information

Gold rates got over 1% on Wednesday as bond yields fell after weaker-than-expected U.S. personal payrolls information strengthened expectations that the Federal Reserve would cut rates of...

South America
Jul 9, 2024

Ecuador Indigenous, environmental groups object Petroecuador gas flaring

Ecuadorean Indigenous organizations and environmental advocacy groups on Wednesday opposed staterun oil company Petroecuador, saying it is stopping working to abide by a court order to shut...

Asia / Pacific
Jul 9, 2024

Democrat calls only 7 EV-charging stations deployed under United States program 'useless'.

Simply seven electricvehicle (EV) charging stations have actually begun running with funding from a $5billion U.S. federal government program developed in 2021, marking pitiful development, a Democratic...

North America
Jul 9, 2024

United States crude, fuel stockpiles increase as refining ramps up, EIA says

U.S. crude oil stockpiles increased all of a sudden last week, while fuel and distillate inventories also increased as refining ramped up and demand fell despite the...

United States
Jul 9, 2024

Stocks get on rate cut bets as ECB meeting looms

World shares increased and Treasury yields fell on Wednesday as financiers concentrated on an upcoming European Reserve bank policy conference following soft U.S. labour market information that...

United States
Jul 9, 2024

Consortia target Citgo's Texas refinery as auction due date looms, sources say

Citgo Petroleum's smallest and least profitable oil refinery has actually been thrust into the spotlight as a possible breakout candidate ahead of next week's. court auction to...

Austria
Jul 9, 2024

Austria's Voestalpine discovers balance sheet control

Austrian steelmaker Voestalpine has actually found balance sheet abnormalities in the range of 100 million euros ($ 108.63. million) at one of its subsidiaries, a business representative...

Australia / New Zealand
Jul 9, 2024

Mali gold mining profits fell by 26% in 2023

State income from gold mining companies in Mali fell 26% in 2015, hit by lower taxes, a file from the west African country's mines ministry revealed on...

Austria
Jul 9, 2024

Austria's Voestalpine discovers balance sheet adjustment

Austrian steelmaker Voestalpine has found balance sheet irregularities in the series of 100 million euros ($ 108.63. million) at one of its subsidiaries, a business spokesperson stated....

Mining
Jul 9, 2024

South Africa's ANC leans towards unity government however satisfies resistance

The African National Congress is leaning towards trying to form a federal government of nationwide unity for South Africa, it said on Wednesday, however the secondlargest celebration...

China
Jul 9, 2024

Copper nears one-month low as genuine need lags expectations

Copper prices slid to near onemonth short on Wednesday, pausing their strongest rally in years as strong need expectations for the metal essential for electrification are yet...

Caribbean
Jul 9, 2024

Antofagasta indications $1.5 bln financial investment offer for water transport system in Chile mine

London-listed Antofagasta on Wednesday signed a. $ 1.5 billion financial investment offer to improve water system at its. Chile mining operations. The deal, signed with a firm...

United States
Jul 9, 2024

BlackRock, Citadel Securities-backed TXSE Group to introduce Texas Stock Exchange

TXSE Group, backed by BlackRock and Citadel Securities, prepares to launch Texas Stock Exchange in Dallas, going up against established New Yorkcentric exchanges in a quote to...

South-West Asia
Jul 9, 2024

IAEA Board passes resolution versus Iran on cooperation, inspectors

The U.N. nuclear watchdog's. 35nation Board of Governors passed a resolution on Wednesday. calling on Iran to step up cooperation with the watchdog and. reverse its recent...

East Africa
Jul 9, 2024

Anti-oil pipeline activist in Uganda apprehended, pressure group says

A Ugandan activist campaigning to stop the development of a $5 billion petroleum pipeline in east Africa by France's TotalEnergies and others has been detained by Uganda's...

Asia / Pacific
Jul 9, 2024

HIGHLIGHTS-IAEA Board of Governors resolution against Iran

The U.N. nuclear guard dog's. 35nation Board of Governors passed a resolution on Wednesday. getting in touch with Iran to explain uranium traces found at undeclared. websites,...

Asia / Pacific
Jul 9, 2024

Gupta modifications attorneys in Trafigura case after mentioning cash flow issues

Indian businessman Prateek Gupta, who stated in March he had capital problems in paying to defend himself versus fraud accusations from product trader Trafigura, has actually changed...

Azerbaijan
Jul 9, 2024

Azerbaijan wishing to cut emissions with $2 bln green energy investment

Azerbaijan is intending to raise the share of renewables throughout its energy sector to practically a. 3rd with over $2 billion in green investments, its energy. minister...

North America
Jul 9, 2024

United States might revive some shut nuclear plants to assist fulfill emissions objective, energy chief states

The United States might restore a few of its just recently retired nuclear reactor to assist satisfy rising demand for zeroemissions electrical energy, or include reactors to...

United Kingdom
Jul 9, 2024

World strikes streak of record temperatures as UN cautions of 'environment hell'

Each of the previous 12 months ranked as the hottest on record in yearonyear comparisons, the EU's climate modification tracking service said on Wednesday, as U.N. SecretaryGeneral...

North America
Jul 9, 2024

Environmental groups to sue Canada's Suncor over Colorado refinery emissions

Ecological groups filed notification on Wednesday to sue Canadian oil producer Suncor Energy under the U.S. Clean Air Act for repeated air pollution infractions at its Commerce...

Turkey
Jul 9, 2024

Turkey informed Beijing it wants to boost agricultural and food exports to China, Turkish source says

Turkey's foreign minister told Chinese authorities throughout a check out this week that Ankara wished to narrow its trade deficit with Beijing partly through more farming and...

Crude Oil
Jul 9, 2024

Saudi Arabia signs up with BIS- and China-led central bank digital currency job

Saudi Arabia has signed up with a. Chinadominated central bank digital currency crossborder. trial, in what could be another action towards less of the world's. oil trade...

Europe
Jul 9, 2024

Polish panel asks court to apprehend previous Orlen CEO after missed out on cash-for-visas statement

A Polish parliamentary commission on Wednesday asked a court to detain the former CEO of oil refiner Orlen Daniel Obajtek to force him to testify in front...

Azerbaijan
Jul 9, 2024

UN chief rebukes fossil fuel market fans as environment records break

U.N. SecretaryGeneral António Guterres stated Wednesday that countries need to face not just the fossilfuel industry, however likewise companies that support efforts to obstruct climate action. The...

United Kingdom
Jul 9, 2024

World hits streak of record temperature levels as UN warns of 'climate hell'

Each of the previous 12 months ranked as the warmest on record in yearonyear contrasts, the EU's climate change monitoring service stated on Wednesday, as U.N. SecretaryGeneral...

Energy Markets
Jul 9, 2024

Stocks get on rate cut bets as ECB meeting looms

World shares rose and Treasury yields steadied on Wednesday as investors focused on an upcoming European Central Bank policy conference following soft U.S. labour market data that...