Latest news

North America
Jul 1, 2024

US to buy 3.3 million barrels of oil for Strategic Petroleum Reserve

The U.S. awarded agreements for the purchase of 3.3 million barrels of oil to help renew the Strategic Petroleum Reserve (SPR) after an enormous sale from the...

Europe
Jul 1, 2024

Oil gains 1% on hopes of firmer demand

Oil rates settled about 1%. greater on Friday, with international benchmark Brent crude recording. its very first weekly gain in three weeks, after economic indications. from the...

Mexico
Jul 1, 2024

Mexico president's 'dream' Pemex refinery strikes another delay, internal information shows

Mexican state energy business Pemex began sending out 16,300 barrels per day (bpd) of crude oil to its brand-new Olmeca refinery this week, less than 5% of...

Australia / New Zealand
Jul 1, 2024

Offers of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1945 GMT on Friday: ** Spanish energy Iberdrola has actually accepted acquire the staying 18.4% stake in...

Central Africa
Jul 1, 2024

US lukewarm on G7 Russian diamond restriction after industry reaction

The United States is reevaluating the strictest aspects of a ban on Russian diamonds from the Group of Seven major democracies, after opposition from African countries, Indian...

East Asia
Jul 1, 2024

Peru's No. 2 copper mine Antamina sees production consistent in 2024

Antamina, Peru's secondlargest copper mine, anticipates 2024 output to be in line with the 435,378 metric lots it produced last year, while it nears the start of...

Energy Markets
Jul 1, 2024

Stocks near flat as timing of US rate cuts weighed; copper dives

World stock indexes were almost flat while U.S. Treasury yields rose on Friday as investors attempted to assess the timing of prospective rates of interest cuts by...

Spain
Jul 1, 2024

Iberdrola to buy rest of US power company Avangrid in $2.6 billion deal

Spanish utility Iberdrola has actually accepted obtain the staying 18.4% stake in Avangrid that it does not currently own, the U.S. subsidiary stated on Friday, in an...

Europe
Jul 1, 2024

Urals diffs company on softer freight, Novorossiisk port struck by drones

Urals petroleum differentials firmed to outdated Brent on Friday in the middle of softer freight rates for the grade's shipments to Asia. Urals differentials to outdated Brent...

South America
Jul 1, 2024

Ecuador states will get $333 mln in private investment from 3 oil agreements

Ecuador's energy ministry stated on Friday the country will get $333 million in personal financial investment through three oil agreements for exploration and production involvement at the...

Energy Markets
Jul 1, 2024

Honduras clashes with energy firm over island operations

Honduras and the Bonacco Electric Company (BELCO) are trading barbs, with the federal government arguing it stepped in in the power generator's operations because of a failure...

North America
Jul 1, 2024

New york city's electric grid prepped for summertime need, flags dependability issues

The New York Independent System Operator (NYISO) said on Friday electrical energy products are adequate to meet anticipated summer season demand this year under baseline conditions, however...

North America
Jul 1, 2024

US natgas streams to Freeport LNG in Texas seen at five-month high, LSEG data shows

Gas streaming to Freeport LNG's. export plant in Texas was on track to hit a fivemonth high up on. Friday, LSEG information revealed, with a liquefaction train...

Europe
Jul 1, 2024

China stimulus, US rate cut bets lift gold, silver soars above $30 mark

Gold prices, assisted by China's. stimulus measures, looked poised to clock their second. successive weekly gain on Friday on renewed expect U.S. rate of interest cuts, with...

France
Jul 1, 2024

French wheat conditions hold at 4-year low, maize planting picks up

The condition of French soft wheat crops steadied at a fouryear low last week while maize planting accelerated, data from farm workplace FranceAgriMer showed on Friday, after...

North America
Jul 1, 2024

US drillers add oil and gas rigs for very first time in 4 weeks - Baker Hughes

U.S. energy firms this week added oil and natural gas rigs for the very first time in 4 weeks, energy services firm Baker Hughes stated in its...

Nigeria
Jul 1, 2024

TotalEnergies strikes supply deal with Dangote on Nigerian refinery

French energy major, TotalEnergies, had actually struck its first supply handle Dangote Refinery in Nigeria, Chief Executive Patrick Pouyanne said on Friday, following a meeting with Africa's...

Asia / Pacific
Jul 1, 2024

Nickel, copper rise to multi-month highs on New Caledonia, China

Nickel rates leapt to the greatest in nine months on Friday on unrest in nickel producer New Caledonia, while copper surged to a 26month peak after China...

Caribbean
Jul 1, 2024

Uprooted by Brazil floods, foreign refugees 'start all over again'

Tens of countless Haitians and Venezuelans who discovered sanctuary in southern Brazil after escaping hunger, violence and natural disasters are being required once more to reconstruct lives...

Oil & Gas
Jul 1, 2024

Esgian Week 26 Report: Drilling Activity is High

Esgian provides an update on drilling activity in its Week 26 Rig Analytics Market Roundup.Report SummaryContractsVentura Offshore has been granted exclusive marketing rights from Hanwha Drilling LLC...

North America
Jul 1, 2024

Texas braces for more summer electrical power signals: Kemp

The Electric Reliability Council of Texas (ERCOT) has actually warned reserve margins will be squeezed next week as temperatures increase and it may require to advise generators...

Colombia
Jul 1, 2024

Colombia's Grupo Argos approximates 2024 operating income at $288 mln

Colombian industrial conglomerate Grupo Argos sees its operating income for this year landing around 1.1 trillion pesos ($ 287.84 million),. the firm's financing chief informed analysts on...

United States
Jul 1, 2024

Citgo share bidders can be asked how accommodate bondholder claims, judge rules

Bidders in a U.S. court auction of shares that will decide the ownership of Venezuelaowned U.S. oil refiner Citgo Petroleum can be required to state if their...

Canada
Jul 1, 2024

Rain is set to assist teams battling blaze near Canadian oil city

Cloud cover and shower over the next couple of days are set to help teams fighting a large wildfire near the Canadian oil sands city of Fort...

Asia / Pacific
Jul 1, 2024

Mali indications arrangement with China's Ganfeng to operate Goulamina lithium mine

Mali has signed an arrangement with China's Ganfeng Lithium to run the Goulamina lithium mine and increase its share in the task in accordance with a brand-new...

Crude Oil
Jul 1, 2024

Stocks inch up as timing of United States rate cuts weighed; copper jumps

World stock indexes edged higher and U.S. Treasury yields also rose on Friday as investors tried to examine the timing of prospective interest rate cuts by the...

Asia / Pacific
Jun 30, 2024

Russia's Tuapse oil refinery halted after Ukrainian drone attack, sources state

A fire activated by a. Ukrainian drone attack on Russia's Tuapse oil refinery on the. Black Sea coast has required an emergency closed down of the. refinery,...

Asia / Pacific
Jun 30, 2024

China stimulus, US rate cut bets lift gold, silver soars above $30 mark

Gold prices, assisted by China's stimulus measures, looked poised to clock their second successive weekly gain on Friday on restored expect U.S. rate of interest cuts, with...

United States
Jun 30, 2024

Texas power need to strike record high for month of May next week

Power use in Texas will likely break records for the month of May next week as homes and organizations crank up their a/c unit to leave a...

Kazakhstan
Jun 30, 2024

Russia's Novorossiisk resumes partial loadings after drone attack, sources say

A drone attack on Russia's. Black Sea port of Novorossiisk early on Friday struck the. Importpischeprom oil products terminal and Sheskharis oil. harbour, sources stated and video...

North America
Jun 30, 2024

With hunger, environment cuts, United States House farm expense proposition deals with slim Senate chances

The U.S. House Farming Committee on Friday launched a longawaited farm bill draft that consists of arrangements to minimize spending on food help for the poor and...

Ukraine
Jun 30, 2024

Aluminium group steps up get in touch with EU to bar imports of the Russian metal

Industry group European Aluminium has stepped up its longrunning require the European Union to broaden its sanctions routine on Moscow, stating the EU could live conveniently without...

North America
Jun 30, 2024

With appetite, climate cuts, US House farm costs proposal deals with slim Senate odds

The U.S. Home Agriculture Committee on Friday launched a longawaited farm costs draft that includes arrangements to lower spending on food aid for the bad and efforts...

South America
Jun 30, 2024

Brazil's central bank chief says he can not expect future rate cuts

Brazil's central bank chief Roberto Campos Neto said he can not anticipate future interest rate cuts in the nation, after the financial authority previously this month voted...

ASEAN Countries
Jun 30, 2024

Offers of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday: ** Spanish energy Iberdrola is nearing a deal to get the remaining 18.4%...

Nordic States
Jun 30, 2024

Brazil energy firms 3R Petroleum, Enauta reach deal to combine

Brazilian energy business 3R Petroleum and Enauta have reached an arrangement to combine in an allstock offer, they stated on Friday, establishing what they describe as a...

United States
Jun 30, 2024

US natgas flows to Freeport LNG in Texas seen at five-month high, LSEG information shows

Gas streaming to Freeport LNG's. export plant in Texas was on track to hit a fivemonth high up on. Friday, LSEG information showed, with a liquefaction train...

United Kingdom
Jun 30, 2024

Gold heads for 2nd weekly gain, silver strikes 11-year high

Gold rates were on track for a 2nd consecutive weekly gain on Friday due to improved interest rate cut expectations, supplying assistance to silver which broke through...

Western Europe
Jun 30, 2024

Baltic index marks worst week in 7 on lower vessel demand

The Baltic Exchange's main sea freight index taped its worst week in 7, weighed down by weaker need across vessel segments. However, an uptick in capesize vessel...

Asia / Pacific
Jun 30, 2024

UK imposes sanctions over Russia-North Korea 'arms-for-oil' trade

Britain revealed sanctions on Friday versus three business and one person over what it called the illegal 'armsforoil' trade between Russia and North Korea. The statement followed...

North America
Jun 30, 2024

Spain's Iberdrola to triple offshore wind properties

Europe's largest utility Iberdrola will keep betting on overseas wind in the coming years, roughly tripling the worth of its assets in the sector to 17 billion...

Asia
Jun 30, 2024

JSW Steel sees greater sales, spending in FY25 even as Q4 earnings drops

India's JSW Steel said on Friday it anticipated greater sales and spending in the fiscal year 2025, even as the nation's leading steelmaker posted a drop in...

China
Jun 30, 2024

Putin says oil pipeline could run along with planned brand-new gas link to China

Russia could deliver oil as well as gas to China along a prepared path via Mongolia, President Vladimir Putin said on Friday. Putin, concluding a two-day see...

Asia / Pacific
Jun 30, 2024

EU probes into Chinese subsidies and imports

The European Union released an examination into flatrolled iron or steel products plated or covered with tin from China in a latest effort to safeguard homegrown manufacturers....

Energy Markets
Jun 30, 2024

Stocks drift, China unveils 'historical' steps for property

Global stocks reduced on Friday after Federal Reserve officials hinted U.S. rates of interest might not fall whenever quickly, while commodities rallied on the back of optimism...

Middle East
Jun 30, 2024

Asian area LNG edges up as heat spurs demand

Asian area melted gas (LNG) prices increased this week to its greatest levels given that January, as heat throughout the region spurred more demand for the superchilled...

China
Jun 30, 2024

China's iron ore supply to increase by up to 10 mln loads in 2024, steel association says

China's domestic iron ore concentrate output in 2024 will increase in between 5 million and 10 million metric lots from the year before, its statebacked steel association...

China
Jun 30, 2024

Russia's Far East ESPO Blend oil slips to broader discount rates in China amid weak need

Russia's Far East ESPO Blend oil slipped to larger discounts versus Brent in Chinese ports for May and June cargoes, as Chinese refiners' need for the grade...

Ukraine
Jun 30, 2024

Ukraine stages long-range attacks on targets in Crimea and southern Russia, source says

Ukraine attacked a power substation in Russianoccupied Crimea, an oil depot and train station in Russia's Black Sea port of Novorossiysk and an oil refinery in the...

Europe
Jun 30, 2024

German baseload for Tuesday untraded ahead of wind power dip

European electricity rates for Tuesday were untraded on Friday, with wind power supply in Germany expected to fall by more than a 3rd. Some European countries have...