Latest news

Electric Utilities
Jul 8, 2024

Dutch PM prompts Germany's Scholz to deliver on $24 bln TenneT bid, letter shows

Dutch Prime Minister Mark Rutte has advised German Chancellor Olaf Scholz to come up with a bid for the German system of grid company TenneT, according to...

North America
Jul 8, 2024

Season's first heat wave to burn parts of Western, Southern US

Countless people in the Western and Southern United States will bear the brunt of the summer season's very first heat wave beginning on Tuesday as temperatures are...

United Kingdom
Jul 8, 2024

Occidental Petroleum, Berkshire Hathaway kind JV to extract lithium

Occidental Petroleum said on Tuesday it had actually entered into a joint venture with Berkshire Hathaway's energy system to extract lithium. The energy manufacturer said it would...

Asia / Pacific
Jul 8, 2024

EU clears 1.75 bln euro compensation for eastern German coal exit

Germany's economy ministry stated it won the European Commission's clearance in principle to compensate power business LEAG with up to 1.75 billion euros ($ 1.90 billion) for...

Mexico
Jul 8, 2024

Mexico constitutional reforms most likely with super-majority in sight

Mexican Presidentelect Claudia Sheinbaum's judgment Morena celebration and coalition partners are close to protecting a supermajority in both chambers of Congress, which would lead the way to...

Asia / Pacific
Jul 8, 2024

Zambia's debt restructuring limps over line as agonizing test case

More than threeandahalf years, or 1,300 days, after resourcerich Zambia formally stated itself bankrupt it will drag itself out of default, leaving some tough lessons for richer...

Asia / Pacific
Jul 8, 2024

First Solar, Qcells panels score green label chosen by United States federal government

2 of the world's biggest solar panel makers, First Solar and Hanwha Qcells, became the first to register products under an ecological ratings system preferred for U.S....

North America
Jul 8, 2024

Wall Street set to open lower as worries of slow development increase

U.S. stock futures were in the red on Tuesday as financiers grew more concerned about the strength of the world's biggest economy, even as they awaited a...

Asia / Pacific
Jul 8, 2024

Ukraine's electrical power imports remain high even as power line goes through repairs

Ukraine will continue to import large quantities of electricity on Tuesday even as one of the lines connecting Ukraine to the European energy system goes through repair...

East European Countries
Jul 8, 2024

Main farming groups shun Brussels protest against EU green policies

Farmers drove numerous tractors into Brussels on Tuesday to protest against the European Union's ecological policies, however the action was avoided by mainstream farming groups who stated...

Europe
Jul 8, 2024

Czech Republic to end Russian oil usage in very first half of 2025, PM says

The Czech Republic will end its use of Russian oil no behind the first half of 2025 as state pipeline company MERO completes a capacity upgrade on...

Asia / Pacific
Jul 8, 2024

Gold falls 1% as dollar recovers; focus shifts to United States jobs data

Gold pulled away 1% on Tuesday as the dollar firmed, while investors positioned for U.S. jobs numbers this week that could affect the Federal Reserve's interest rate...

United States
Jul 8, 2024

Freeport Indonesia raises output target, waits for new export permit

Copper miner Freeport Indonesia has raised its output guidance for the year as it waits for an extension of its copper concentrate export permit that the government...

Environment
Jul 8, 2024

Cleaner German power sector coming under examination in 2024: Maguire

Germany's power system has actually continued to clean up its act over the very first five months of 2024, setting several essential turning points in regards to...

Mexico
Jul 8, 2024

Can Mexico's Sheinbaum, a climate researcher, shake Lopez Obrador's oil legacy?

Mexico's Presidentelect Claudia Sheinbaum, an accomplished climate scientist, might struggle to fulfill her environmental pledges after she cruised to success, in part, on the popularity of a...

Asia / Pacific
Jul 8, 2024

OPEC oil output increases in May, led by Nigeria, Iraq, survey programs

OPEC oil output increased in May, a survey found on Tuesday, as higher exports from Nigeria and Iraq balanced out the effect of ongoing voluntary supply cuts...

Europe
Jul 8, 2024

Regulators lack resources to take on greenwashing, states EU watchdog

Market watchdogs throughout the European Union have actually punished few instances of greenwashing by financial firms, partly due to the fact that regulators do not have enough...

United States
Jul 8, 2024

Futures down on slow growth fears; data on tap

U.S. stock futures slipped on Tuesday after weak manufacturing data sparked new fret about the strength of the world's largest economy, even as markets awaited a variety...

Crude Oil
Jul 8, 2024

Stocks, products sucked into 'risk-off' vortex on US economy jitters

Stocks and commodities moved on Tuesday, as financiers grew progressively uneasy about evidence that the U.S. economy's. exceptionalism may be beginning to relax as production. activity there...

ASEAN Countries
Jul 8, 2024

Indonesia enforces 7.5% export tax on copper concentrate shipments

Indonesia will impose a 7.5%. export tax on shipments of copper concentrate, efficient. instantly, a financing ministry regulation showed on Tuesday,. appropriate to the 2 mining companies...

Asia
Jul 8, 2024

NORDIC POWER-Forward costs slip on lower European energy rates

Nordic forward power rates fell on Tuesday, weighed down by lower rates in the wider continental power and gas markets, coupled with a projection for warmer weather...

Nordic States
Jul 8, 2024

Europe gas supply dangers alleviate as crucial Norway pipeline due back Friday

An interruption affecting Norway's. gas exports to Britain that sent out costs skyrocketing on Monday will. likely be repaired by Friday, easing supply crunch issues but. still...

South America
Jul 8, 2024

Innovative Chileans utilize disposed of hair to tidy up coasts and waterways

Luisana Gil, a canine groomer in Santiago, Chile, has a great deal of hair on her hands she tosses away bags and bags of her customers' hair,...

Europe
Jul 8, 2024

Regulators do not have resources to tackle greenwashing, says EU watchdog

Market guard dogs across the European Union have actually punished few circumstances of 'greenwashing' by monetary companies, partly because regulators do not have enough resources to utilize...

Mining
Jul 8, 2024

Weight-loss drug developers line up to tap market worth $150 billion

Novo Nordisk's Wegovy and Eli Lilly's Zepbound are so far the leaders in the weightloss drug market, which is approximated to be worth about $ 150 billion...

Indonesia
Jul 8, 2024

Indonesia's PLN says its renewable resource strategy will require $110 billion of financial investment

Indonesia's state power company Perusahaan Listrik Negara (PLN) would need around $ 110 billion of investment to build 30 gigawatt of eco-friendly power capability and transmission in...

East European Countries
Jul 8, 2024

Main farming groups shun Brussels demonstration against EU green policies

Farmers drove numerous tractors into Brussels on Tuesday to oppose against the European Union's ecological policies, however the action was avoided by mainstream farming groups who stated...

Asia / Pacific
Jul 8, 2024

VEGOILS-Palm slips more than 3% on weaker Dalian contracts and petroleum

Malaysian palm oil futures fell more than 3% on Tuesday as trading resumed after a. public vacation, with weakness in competing Dalian agreements and. petroleum costs weighing...

East Asia
Jul 8, 2024

Volvo to release world's very first EV battery passport ahead of EU rules

Volvo Cars is introducing the world's very first EV battery passport tape-recording the origins of raw products, components, recycled content and carbon footprint for its flagship EX90...

Asia / Pacific
Jul 8, 2024

MORNING BID AMERICAS-Wall Street's development gasp as rates, dollar, oil skid

A take a look at the day ahead in U.S. and worldwide markets from Mike Dolan With a still-powerful purchase the dip impulse in stocks, U.S. markets...

East European Countries
Jul 8, 2024

Ukraine's electrical energy imports remain high even as power line goes through repair work

Ukraine will continue to import large amounts of electrical power on Tuesday even as one of the lines linking Ukraine to the European energy system goes through...

Asia / Pacific
Jul 8, 2024

UAE's Masdar to develop wind, solar plants in Azerbaijan

Abu Dhabi stateowned renewable resource firm Masdar will develop 2 solar plants and a. wind farm in Azerbaijan with 1 gigawatt of capacity, it said on. Tuesday....

Asia / Pacific
Jul 8, 2024

South Korea, Africa leaders pledge much deeper ties, important mineral development

South Korean President Yoon Suk Yeol and the leaders of African countries settled on Tuesday to forge deeper trade and business cooperation and launched a crucial minerals...

Asia / Pacific
Jul 8, 2024

First LNG Canada freight might provide earlier than planned, Shell states

Shellled LNG Canada, the nation's first gas export terminal, could provide its first cargo earlier than previously planned, an executive at the British business stated. The C$...

ASEAN Countries
Jul 8, 2024

CORRECTED-Stocks, dollar droop as data indicate flagging United States economy

Global shares reduced on Tuesday as investors thought about the possibility that the U.S. economy's exceptionalism may be starting to relax as manufacturing activity there even more...

Asia / Pacific
Jul 8, 2024

Gold wanders lower as financiers focus on US tasks information

Gold fell on Tuesday after increasing 1% in the previous session as financiers waited for U.S. jobs data due later in the week for further ideas on...

Europe
Jul 8, 2024

European power rates drop as German wind volumes seen trebling

European timely power rates fell sharply on Tuesday, weighed down by forecasts for more than tripling of German wind power output and small wind output gains in...

Middle East
Jul 8, 2024

Turkey, Azerbaijan consent to extend gas agreement until 2030

Turkey and Azerbaijan have actually agreed to extend their natural gas supply agreement, due to end at the end of this year, till 2030, and to provide...

Asia / Pacific
Jul 8, 2024

Severstal eyes investment to increase revenues, Russian market share

Russian steelmaker Severstal plans largescale investment to attain yearly core incomes growth of 10% to reach 412 billion roubles ($ 4.63. billion) in 2028, it said on...

Asia / Pacific
Jul 8, 2024

Iron ore nears seven-week low as weak fundamentals weigh

Iron ore futures extended falls on Tuesday to their lowest levels in nearly 7 weeks, as signs of weakening in both nearterm need and midtolong term uptake...

Western Europe
Jul 8, 2024

Rio Tinto to establish $143 mln center to test low-carbon iron-making procedure

Rio Tinto will spend $ 143 million to establish a research study and advancement center in Western Australia to evaluate the efficiency of its lowcarbon ironmaking procedure,...

Asia / Pacific
Jul 8, 2024

Europeans' draft IAEA resolution presses Iran on particles, inspectors

A draft resolution European powers submitted to the U.N. nuclear guard dog's Board of Governors on Monday for a vote today presses Iran once again to discuss...

Asia / Pacific
Jul 8, 2024

Base metals rise on Fed rate cuts potential customers

Nonferrous metals prices mostly increased on Tuesday, supported by a softer dollar and potential customers of earlier U.S. rate cuts amidst weak economic information, but weak physical...

Australia
Jul 8, 2024

Australian court orders Santos to pay $1.8 mln in charges

The Federal Court bought Santos to pay A$ 2.75 million ($ 1.83 million) in penalties for breaching auction recordkeeping responsibilities under the National Gas Guidelines, Australia's 2nd...

Nordic States
Jul 8, 2024

Goldman Sachs-backed Danish energy trader sees profit plunge

Danish energy trader InCommodities, backed by Goldman Sachs, on Tuesday reported a. plunge in its pretax revenue for 2023 to 136 million euros, just. 10% of its...

Japan
Jul 8, 2024

In Japan, energy security worries put nuclear back in favour for 2040 plan

Japan is set to promote more nuclear power in an energy policy upgrade due next year, looking for stable electrical power supply in face of growing need...

Asia / Pacific
Jul 8, 2024

Asian shares weaken as Indian election results roll in

Asian share markets pulled back on Tuesday as global financiers awaited India's main election outcomes and thought about the possibility that the U.S. economy's. ' exceptionalism' is...

Spain
Jul 8, 2024

VEGOILS-Palm falls more than 3% on weaker Dalian contracts and petroleum

Malaysian palm oil futures fell over 3% on Tuesday as trading resumed after a. public vacation, with weak point in competing Dalian contracts and. crude oil costs...

Environment
Jul 8, 2024

Cleaner German power sector coming under examination in 2024: Maguire

Germany's power system has continued to tidy up its act over the first 5 months of 2024, setting a number of crucial milestones in terms of expanded...

Asia / Pacific
Jul 8, 2024

Zambia's debt restructuring limps over line as unpleasant test case

More than three-and-a-half years, or 1,300 days, after resource-rich Zambia formally declared itself bankrupt it is about to drag itself out of default, leaving some hard lessons...