Latest news

Africa
Jul 4, 2024

South African election might spell completion of ANC dominance

South Africans will vote on Wednesday with prevalent anger over power cuts, joblessness and corruption threatening to end the supremacy of the African National Congress, thirty years...

Asia / Pacific
Jul 4, 2024

India and Bangladesh brace for several years's very first cyclone

Bangladesh and India braced for the first cyclone of the year as a storm with wind speeds of approximately 120 kmh (75 mph) is set to make...

Fossil Fuels
Jul 4, 2024

BlackRock motivated Anglo to extend talks with BHP, source states

Anglo American was encouraged by key shareholders including BlackRock to continue taking part in talks with BHP Group over its proposed 38.6 billion pound ($ 49.18 billion)...

Africa
Jul 4, 2024

South Africa's Central Energy Fund gets Durban refinery land, possessions

South Africa's stateowned Central Energy Fund has actually gotten land and assets at the nation's largest refinery which has actually run out operation for the last two...

Asia / Pacific
Jul 4, 2024

EU needs to follow U.S. on tariffs over Chinese items, Italy minister states

The European Union must follow the example of the United States and safeguard its industry by enforcing tariffs on Chinese items, Italian Industry Minister Adolfo Urso said...

West Africa
Jul 4, 2024

Ghana's low cocoa output adds to squeeze on trade surplus

Ghana's cocoa export revenue fell almost 50% yearonyear in the very first 4 months of the year, cancelling out gains from oil and gold receipts and narrowing...

Asia / Pacific
Jul 4, 2024

India's huge election faces heatwave challenge in penultimate phase

Indian voters braved temperatures of almost 45 degrees Celsius (113 Fahrenheit) in parts of the country as they headed to polling stations in the penultimate stage of...

Asia / Pacific
Jul 4, 2024

In restive New Caledonia, Macron sees Pacific power and influence

In 2018, a year after becoming France's president, Emmanuel Macron flew to the remote Frenchruled Pacific island of New Caledonia to describe his latest diplomacy strategy. With...

Asia
Jul 4, 2024

India's massive election faces heatwave difficulty in penultimate phase

The world's biggest election might end up being the most popular on Saturday, as Indians take part in the nexttolast stage of voting with temperatures forecast to...

Australia / New Zealand
Jul 4, 2024

More than 300 buried in Papua New Guinea landslide, local media states

More than 300 individuals and over 1,100 houses were buried by a huge landslide that levelled a. remote village in northern Papua New Guinea, regional media. reported...

Mining
Jul 4, 2024

More than 300 buried in Papua New Guinea landslide, regional media states

More than 300 people and over 1,100 houses were buried by a huge landslide that levelled a. remote village in northern Papua New Guinea, local media. reported...

North America
Jul 4, 2024

Groups battle California attorney general of the United States's document demands in plastics pollution probe

Two chemical and plastics industry groups each submitted a claim against California Chief law officer Rob Bonta on Friday, looking for to obstruct his effort to force...

United States
Jul 4, 2024

Texas power demand breaks May tape once again as costs soar in heat wave

Power need in Texas broke the record for the month of May for a second time today on Friday as prices soared ahead of the U.S. Memorial...

South America
Jul 4, 2024

Brazil's Petrobras authorizes Chambriard as new CEO

Brazilian staterun oil company Petrobras stated its board of directors on Friday authorized the nomination of Magda Chambriard as the company's brand-new chief executive following the surprise...

North America
Jul 4, 2024

Groups combat California chief law officer's file needs in plastics contamination probe

Two chemical and plastics market groups each filed a. claim against California Attorney General Rob Bonta on Friday,. seeking to obstruct his effort to require them to...

Asia / Pacific
Jul 4, 2024

USTR extends some Chinese tariff exemptions, but numerous to fall away

The U.S. Trade Representative's (USTR) office on Friday revealed an even more extension of all China Section 301 tariff exclusions on 352 Chinese import and 77 pandemicrelated...

North America
Jul 4, 2024

Pemex production harmed by late payments to providers, sources state

Mexican state energy company Pemex had its crude oil production hit since it keeps accumulating debt with its provider, two sources said, a circumstance that has forced...

North America
Jul 4, 2024

Wall Street ends greater, unrefined prices increase ahead of United States holiday weekend.

U.S. stocks rallied and petroleum costs rebounded after positive economic information on Friday as financiers positioned themselves ahead of the long U.S. Memorial Day weekend and the...

North America
Jul 4, 2024

ERCOT predicts high power need, reserves during peak seasons in 2025

The Electric Dependability Council Of Texas (ERCOT) on Friday in its Capability, Demand, and Reserves ( CDR) report anticipated the highest quantity of power and reserves anticipated...

United States
Jul 4, 2024

Oil posts weekly loss as rates of interest policy stimulates fuel need worries

Oil prices increased about 1% on Friday, however succumbed to the week on worries that strong U.S. economic information would keep rates of interest raised for a...

Asia / Pacific
Jul 4, 2024

Deals of the day-Mergers and acquisitions

The following quotes, mergers, acquisitions and disposals were reported by 1930 GMT on Friday: ** Spanish bank BBVA asked stock exchange manager CNMV to authorise its 12.23-billion-euro...

United States
Jul 4, 2024

Wall St rallies, Treasury yields inch lower ahead of the vacation weekend.

Wall Street rebounded and Treasury yields paused after positive financial information on Friday as financiers placed themselves ahead of the long U.S. Memorial Day weekend and the...

Brazil
Jul 4, 2024

Brazil's Raizen launches second-generation ethanol plant, mulls new agreements.

Brazil's Raizen , the world's biggest sugarcane processor, on Friday inaugurated its 2nd cellulosic ethanol plant as part of a. plan in which 4 more production systems...

North America
Jul 4, 2024

Gold loses momentum on dropping rate cut speculation

Gold costs rose on Friday as the dollar slipped, however were headed for their worst week in 5 and a half months as hopes of rate of...

United States
Jul 4, 2024

United States drillers cut oil and gas rigs for fourth time in 5 weeks - Baker Hughes

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the 4th time in 5 weeks, energy services firm Baker Hughes...

Western Europe
Jul 4, 2024

Saudi Aramco thinking about buying minority stake in Repsol's renewable system, sources say

Statecontrolled oil company Saudi Aramco is interested in purchasing a. minority stake in the eco-friendly unit of Spanish oil company. Repsol, 2 individuals knowledgeable about the matter...

Caribbean
Jul 4, 2024

Venezuela intends to reach 1.23 mln bpd of oil output in Dec, minister says

Venezuela intends to produce 1.23 million barrels daily (bpd). of oil in December, including about 290,000 bpd compared to the. start of the year, following the addition...

Asia / Pacific
Jul 4, 2024

Enel chairman states investments in grids are financially appealing

Investments in power grids are appealing for Italian power utility Enel and other groups that distribute electricity because, once approved by the authorities, they ensure foreseeable returns,...

United States
Jul 4, 2024

US drillers cut oil and gas rigs for fourth time in 5 weeks - Baker Hughes

U.S. energy companies this week cut the number of oil and natural gas rigs running for the 4th time in 5 weeks, energy services firm Baker Hughes...

United States
Jul 4, 2024

United States natgas cost spike triggers drillers to return to wellpad in May

A 63% spike in U.S. natural gas futures prices over the past three weeks sufficed to push some drillers to begin pulling more fuel out of the...

Colombia
Jul 4, 2024

Colombia oil, gas reserves declined slightly throughout 2023

Colombia's tested oil reserves fell throughout 2023 to close at 7.1 years of intake, according to a report published by the National Hydrocarbons Company (ANH). on Friday....

France
Jul 4, 2024

TotalEnergies investors back CEO at AGM, weaker support for environment method

Shareholders in French oil and gas major TotalEnergies mainly backed the company's. method and its CEO on Friday, however support has deteriorated considering that. last year as...

Asia / Pacific
Jul 4, 2024

Copper slips on rate of interest concerns, drab need in China

Copper prices dropped on Friday as fret about higher rate of interest and soft physical demand in China suppressed the appetite of financiers who had sent costs...

Saudi Arabia
Jul 4, 2024

Saudi Arabia plans Aramco share sale as quickly as June, sources state

Saudi Arabia is planning a. multibilliondollar share sale in energy giant Aramco. as soon as June in what would be one of the region's most significant. stock...

United States
Jul 4, 2024

Wall St rallies, Treasury yields constant ahead of vacation weekend

Wall Street rebounded and Treasury yields paused in the wake of upbeat financial information on Friday as financiers placed themselves ahead of the long U.S. Memorial Day...

Asia / Pacific
Jul 4, 2024

India and Pakistan swelter, Bangladesh braces for storm

A minimum of 11 individuals have died of suspected heatrelated causes in western India and Pakistan likewise sweltered on Friday in extreme heat, while parts of Bangladesh...

United States
Jul 4, 2024

U.S. Republican states support Exxon in investor advocacy disagreement

Officials from 19 Republican U.S. states urged major cash managers on Thursday not to vote versus ExxonMobil's directors at a conference next week where some investors prepare...

Caribbean
Jul 4, 2024

Small islands sign up with forces on financial obligation relief ahead of climate talks

The world's little island states plan to join forces to promote financial obligation relief and more climate financial investment ahead of this year's COP29 environment summit, part...

Australia / New Zealand
Jul 4, 2024

Grupo Mexico's Asarco to reopen U.S. copper smelter amid rising rates

Asarco, the mining business controlled by industrial corporation Grupo Mexico, is planning to restart its mothballed copper smelter in the United States as rates for the red...

Poland
Jul 4, 2024

Amendments to Polish energy bill will knock 0.4 portion point off CPI in 2nd half, states minister

Modifications to legislation on Poland's power price cap for homes will decrease inflation by 0.4 portion point in the 2nd half of 2024, the finance minister told...

Electric Utilities
Jul 4, 2024

India's NTPC posts Q4 earnings rise on strong power demand

India's National Power Thermal Corp (NTPC) reported higher fourthquarter profit on Friday, sustained by strong domestic power need. Consolidated net earnings for the country's top power producer...

United States
Jul 4, 2024

Texas power rates soar ahead of record-breaking Memorial Day weekend

Power costs in Texas skyrocketed for Friday with electric need anticipated to climax for the month of May for a 2nd time today, ahead of the long...

United States
Jul 4, 2024

U.S. Republican states support Exxon in investor activism row

Officials from 19 Republican U.S. states urged significant money managers on Thursday not to vote against ExxonMobil's directors at a conference next week where some shareholders prepare...

North America
Jul 4, 2024

Lilly invests further $5.3 bln in brand-new Indiana site as obesity drug need soars

Eli Lilly said on Friday it has actually invested another $5.3 billion in its brand-new Lebanon, Indiana producing plant, more than doubling its previous investment, as it...

United States
Jul 4, 2024

Oil flat as firming US fuel need offsets rate jitters

Oil prices were stable early in the session on Friday as gamers analyzed the U.S. Federal Reserve's most current comments on rate of interest in the middle...

North America
Jul 4, 2024

Canada March retail sales down 0.2% as spending falls throughout sectors

Canada's retail sales contracted for a third successive month, missing expectations, information showed on Friday, highlighting the softness in financial development and effect of high interest rates...

United Kingdom
Jul 4, 2024

ADNOC, Aramco considering quotes for Shell's South Africa assets, Bloomberg Report

Abu Dhabi National Oil Co (ADNOC) and Saudi Aramco are among business weighing bids for oil significant Shell's downstream assets in South Africa, Bloomberg News reported on...

South-West Asia
Jul 4, 2024

Deals of the day-Mergers and acquisitions

The following quotes, mergers, acquisitions and disposals were reported by 1330 GMT on Friday: ** Germany's Deutsche Bahn has actually chosen four interested celebrations for the next...

United States
Jul 4, 2024

Lilly invests further $5.3 bln in new Indiana website as obesity drug need skyrockets

Eli Lilly said on Friday it has invested another $5.3 billion in its new Lebanon, Indiana manufacturing plant, more than doubling its previous investment, as it scrambles...

Asia / Pacific
Jul 4, 2024

Ghana gets debt restructuring memorandum from main lenders

Ghana has actually gotten a draft memorandum of understanding on financial obligation restructuring from its bilateral lenders which it will now quickly examine with the goal of...