Latest news

Oil & Gas Exploration
Jun 29, 2024

Financial Times - May 16

The following are the leading stories in the Financial Times. has not validated these stories and does not attest their accuracy. Headings - UBS chief Sergio Ermotti...

Philippines
Jun 29, 2024

Philippines extends no tariff policy on electric lorries, parts up until 2028

The Philippines has extended its notariff policy on electric vehicles and parts through 2028 in a quote to wean the country far from nonrenewable fuel sources and...

ASEAN Countries
Jun 29, 2024

VEGOILS-Palm oil tracks rival oils higher; export information in focus

Malaysian palm oil futures opened higher on Thursday, tracking strength in rival oils, while the market braced for Malaysia's export data for the first half of May....

Asia / Pacific
Jun 29, 2024

Iron ore rebounds, increased by talk of China home stimulus

Iron ore futures prices rebounded on Thursday, as news of authorities in leading consumer China considering federal government purchases of unsold homes lifted both investor belief and...

ASEAN Countries
Jun 29, 2024

Indonesia's state utility PLN sees gas need doubling by 2040

Indonesia's. state power energy expects its natural gas demand to nearly. double by 2040 as it aims to construct 20 gigawatt (GW) of gasfired. power plants, a...

Indonesia
Jun 29, 2024

Indonesia's state utility PLN sees gas demand doubling by 2040

Indonesia's. state power energy expects its natural gas need to nearly. double by 2040 as it aims to build 20 gigawatt (GW) of gasfired. power plants, a...

China
Jun 29, 2024

China LNG imports might strike record levels in 2024, PetroChina authorities says

China's liquefied natural gas imports might hit record levels in 2024, a PetroChina main forecast on Wednesday. The world's top importer of the super-chilled fuel is seen...

East Asia
Jun 29, 2024

Asia trips Wall St rally, dollar sags on United States inflation relief

Asian stock exchange rallied on Thursday, buoyed by Wall Street's surge to alltime peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will...

Asia / Pacific
Jun 29, 2024

Gold costs edge greater as United States dollar, yields soften

Gold rates edged higher on Thursday, supported by a softer dollar and lower Treasury yields after information indicated cooling U.S. inflation, bolstering bets for an rate of...

United States
Jun 29, 2024

Oil rates rise on moderate United States inflation information, strong need

Oil costs extended gains from the previous session on Thursday on signs of more powerful demand in the U.S. where data showed slower inflation than markets expected,...

Chile
Jun 29, 2024

Chile gives Albemarle alternative to improve lithium quota by 240,000 metric lots

Chile's financial development firm CORFO on Wednesday stated it reached an contract with Albemarle to develop an alternative for the U.S. company to increase its production quota...

South-West Asia
Jun 29, 2024

Colombia's Grupo SURA posts nearly 500% profit surge on Nutresa stock sale

Grupo SURA, among Colombia's largest investment companies, reported on Wednesday a. 4.9 trillion peso ($ 1.3 billion) very first quarter net revenue, up by. 489% from the...

Electric Utilities
Jun 29, 2024

Power company Auren signs contract to buy Brazil's AES

Brazilian power company Auren said on Wednesday it signed an agreement to purchase the Brazilian operation of AES Corp in a stock and cash offer. Auren, which...

Colombia
Jun 29, 2024

Revenues for Colombia's Grupo Argos rise more than nine fold in first quarter

Colombia's Grupo Argos initially quarter net revenue leapt to 3.8 trillion pesos ($ 994.74. million), compared to 406 billion pesos in the yearago period,. the corporation said...

United States
Jun 29, 2024

US regulators seek emission data updates for Venture Global LNG plant

U.S regulators asked LNG exporter Venture Global LNG to update its emissions analysis for its proposed Calcasieu Pass 2 LNG export task in Louisiana, according to a...

Canada
Jun 29, 2024

Brazil district attorneys once again look for to suspend Canadian potash mine in the Amazon

Brazilian federal district attorneys have submitted a suit to suspend a license provided to a. Canadian firm to install what would be Latin America's largest. fertilizer mine...

United States
Jun 29, 2024

Exxon says proxy advisor Glass Lewis must recuse itself from making suggestions

U.S. oil giant Exxon stated on Wednesday proxy consultant Glass Lewis need to recuse itself from making recommendations on its upcoming investor meeting due to dispute of...

North America
Jun 29, 2024

TC Energy to appeal $199 mln payment in claim related to Columbia Pipeline deal

Pipeline operator TC Energy Corp. said on Wednesday it disagreed with the Delaware. Chancery Court's decision of assigning liability for earlier. damages in an ongoing class action...

North America
Jun 29, 2024

Berkshire exposes $6.72 billion Chubb stake, insurance company's shares rise

Warren Buffett's Berkshire Hathaway on Wednesday exposed a brand-new, $6.72 billion stake in the insurance provider Chubb, verifying months of speculation that it had made a big...

Malaysia
Jun 29, 2024

Offers of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 21:00 GMT on Wednesday: ** U.S. financial investment firm KKR will likely offer remedies next week in...

Energy Markets
Jun 29, 2024

Stocks hit record highs, yields fall; US CPI raises rate cut hopes

International stock markets rose to record highs while U.S. Treasury yields and the U.S. dollar fell on Wednesday as data revealed U.S. consumer costs increased less than...

Europe
Jun 29, 2024

Italy cuts Eni stake, raises 1.4 bln euros

Italy's Treasury on Wednesday sold a 2.8% stake in energy group Eni, pocketing around 1.4 billion euros ($ 1.52. billion) in its drive to raise cash to...

United States
Jun 29, 2024

Sports leagues question whether broadcaster Diamond can survive without Comcast

Big League Baseball, the National Hockey League and the National Basketball Association stated on Wednesday that bankrupt broadcaster Diamond Sports might not survive without a new offer...

Asia / Pacific
Jun 29, 2024

Dozens of countries register for Ukraine peace top, Switzerland states

A top that Switzerland hopes will pave the way for a. peace process in Ukraine has actually drawn delegations from more than 50. nations, Swiss President Viola...

United States
Jun 29, 2024

Vineyard Offshore and Energy New England partner for clean energy

U.S. offshore wind developer Vineyard Offshore (VO) and community light plant cooperative Energy New England (ENE) announced a partnership on Wednesday to explore clean energy options for...

Brazil
Jun 29, 2024

Magda Chambriard, new Petrobras CEO, charged by Lula with shooting up job creation

The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and required to make Brazil's staterun oil firm what it was under previous Workers Celebration...

South America
Jun 29, 2024

Colombia Trasandino oil pipeline anticipated to remain offline through 2024, Ecopetrol CEO says

Colombia's Trasandino pipeline is forecast to remain offline until December, the chief executive of Colombia's majority stateowned energy company Ecopetrol said on Wednesday. Earlier this month, while...

South America
Jun 29, 2024

Petrobras shares plunge as Brazil's Lula swaps CEO, CFO

Brazil's Petrobras revealed the exit of its CEO and chief financial officer on Wednesday, and shares tumbled on news that a former regulator with views closer to...

Brazil
Jun 29, 2024

Brazil flooding will take weeks to go away, experts warn

Brazil's. southernmost state capital may suffer extreme flooding for weeks. to come, specialists caution, intensifying the battles of half a. million individuals required to abandon their flooded...

North America
Jun 29, 2024

Investors desert bullish case for US gasoline: Kemp

U.S. gasoline rates and refining margins have actually come under pressure as inventories diminish more slowly than regular for this time of year, suggesting supplies abound, and...

South America
Jun 29, 2024

Chile's capital deals with fiercest cold snap in decades

Chileans are wrapping with more clothing and clutching cups of hot coffee as the nation deals with the most intense cold wave in nearly 70 years, bringing...

North America
Jun 29, 2024

US Southwest and Texas at threat of power shortfalls this summer season, regulator says

The U.S. Southwest and Texas are at an increased risk of power supply deficiencies during times of peak demand this summer season due to rising electricity usage...

South America
Jun 29, 2024

Colombia economy grew 0.7% year-on-year in very first quarter, as market forecasted

Colombia's economy grew 0.7%. yearonyear in the very first quarter, the federal government's DANE. data agency said on Wednesday, satisfying market expectations. in a survey. Growth was...

United States
Jun 29, 2024

Oil rebounds, gains 1% after United States unrefined draw, lukewarm inflation information

Oil prices rose nearly 1% on Wednesday from a two-month low in the previous session as the market well balanced bullish U.S. economic and unrefined storage information...

Energy Markets
Jun 29, 2024

Stocks gain, yields fall as United States CPI increases less than expected

Worldwide stock exchange leapt while U.S. Treasury yields fell to fiveweek lows on Wednesday as information revealed U.S. consumer prices increased less than expected in April, recommending...

North America
Jun 29, 2024

Barge hits bridge in Texas, spills oil and shuts road

A barge crashed into a bridge on the Texas coast on Wednesday, forcing the closure of the only street to a small island off the city of...

Canada
Jun 29, 2024

Winds set to press blaze away from Canadian oil city, says wildfire service

Beneficial winds are expected to push a major wildfire away from the Canadian oil sands city of Fort McMurray, officials said on Wednesday, offering some relief less...

North America
Jun 29, 2024

Why is fire-threatened Fort McMurray so essential to Canada's oil market?

A wildfire threatening the Canadian oil sands center of Fort McMurray has actually prompted thousands of people to evacuate the remote northern Alberta city, reviving memories of...

United States
Jun 29, 2024

Republican US lawmakers prompt regulators to process LNG task applications

2 influential U.S. Republican politician lawmakers have actually prompted the head of the federal energy regulator to procedure applications for liquefied natural gas, or LNG, projects, saying...

West Africa
Jun 29, 2024

Benin provisionally reverses ban on oil exports from Niger

Benin has provisionally reversed its choice to obstruct exports of crude oil from Niger through its port and consented to hold a conference between the two nations,...

Benelux
Jun 29, 2024

Consortium including BayWa and Elicio wins tender for France's very first floating offshore wind farm

A consortium consisting of Germany's BayWa r.e. and Belgium company Elicio won a tender to develop and operate France's first drifting offshore wind farm, the 250megawatt (MW)...

North America
Jun 29, 2024

Gold climbs up as cooling US inflation strengthens Fed rate cut bets

Gold reached near one-month high on Wednesday, assisted by a. weaker dollar and lower Treasury yields after data revealed U.S. customer prices rose less than expected in...

Canada
Jun 29, 2024

Canadian First Country blockades disrupt Obsidian Energy's operations in Peace River

Oil and gas manufacturer Obsidian Energy stated on Wednesday that blockades by Canada's Woodland Cree First Country required it to shut in production at 2 of its...

Asia / Pacific
Jun 29, 2024

Brazil prosecutors again look for to suspend Canadian potash mine in the Amazon

Brazilian federal district attorneys have actually submitted a claim to suspend a license provided to a. Canadian company to install what would be Latin America's largest. fertilizer...

Romania
Jun 29, 2024

Ukraine plans record power imports after Russian attacks on energy system

Ukraine prepares record high electrical power imports on Wednesday after significant energy infrastructure damage from current Russian strikes on its energy system, the energy ministry stated, cautioning...

South America
Jun 29, 2024

Distraught farmer in flood-hit Brazil mourns the loss of animals, dreams

The misery in Nilton Muradaz Junior's eyes is apparent as he looks at the huge lake that was as soon as his farm and home, but now...

Asia / Pacific
Jun 29, 2024

Portugal's new federal government lined up with tougher energy sanctions on Russia

Portugal's new government is lined up with the European Union's intention to increase sanctions on Russia's energy sector over its invasion of Ukraine, Environment and Energy Minister...

North America
Jun 29, 2024

Ships queue at Freeport LNG plant in Texas as complete operations resume

LNG tankers started loading at Freeport LNG in Texas today as full operations resumed at the liquefied natural gas export plant after repair work and upkeep, information...

Asia / Pacific
Jun 29, 2024

Trafigura, IXM caught in COMEX copper brief capture as costs hit record

Commodity traders Trafigura and IXM are looking to purchase physical copper to provide versus large short positions on U.S. exchange CME where copper prices soared to tape-record...

Iran
Jun 29, 2024

Gazprom CEO Miller is in Iran as Putin prepares to check out China

Gazprom CEO Alexei Miller is on a working visit to Iran, the company stated on Wednesday, just as President Vladimir Putin prepares to go to China with...