Latest news

Asia
Jun 25, 2024

CPC Blend edges firmer, Urals stable

Urals crude differentials were steady on Wednesday in a quiet session due to a public holiday in lots of countries for May 1, while discounts for CPC...

United Kingdom
Jun 25, 2024

UK's FTSE 100 slips ahead of Fed outcome, energy stocks weigh

Britain's FTSE 100 slipped on Wednesday, led by decreases in energy stocks, while investors grew mindful ahead of the U.S. Federal Reserve's policy decision later in the...

North America
Jun 25, 2024

Transmission income enhances PPL Corp as utility signs data center offers

Energy business PPL Corp. reported betterthanexpected firstquarter earnings on. Wednesday, taking advantage of higher transmission profits and lower. operating expenses, as the company moved to expand its...

Brazil
Jun 25, 2024

Large ICE raw sugar shipment not always bearish, traders say

The big raw sugar delivery at the expiry of the May agreement on ICE is not always a bearish indication, traders stated on Wednesday, as it could...

Caribbean
Jun 25, 2024

Argentina's YPF denies fuel to Cuban airline company, mentioning US blockade, Cuba states

Argentina's YPF will not provide fuel to Cuban airline Cubana, Cuba's foreign ministry stated late on Tuesday, triggering the staterun provider to shut down a path run...

North America
Jun 25, 2024

Port constraints for Canada's Trans Mountain pipeline may crimp oil exports

Logistical restraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion (TMX) might only be around half what the...

North America
Jun 25, 2024

Second tanker leaves Freeport LNG export plant in Texas - LSEG

The second tanker in about a week left Freeport LNG's melted gas (LNG) export plant in Texas in what energy traders called another sign that the plant...

Asia / Pacific
Jun 25, 2024

Adani Power's fourth-quarter revenue jumps on strong need

Indian thermal power manufacturer Adani Power's fourthquarter profit jumped on Wednesday, helped by a boost in its electricity generating capability and rising power need in the nation....

United States
Jun 25, 2024

Tesla retreats from next-generation 'gigacasting' manufacturing procedure

Tesla has pulled back from an enthusiastic plan for developments in gigacasting, its pioneering production procedure, according to 2 sources acquainted with the matter, in another sign...

United Kingdom
Jun 25, 2024

LME plans for aluminium producers to send carbon emission information by 2025

London Metals Exchange( LME) on Wednesday introduced a consultation requiring manufacturers of aluminium brand names deliverable against its contracts to submit carbon emissions data by March 2025....

North America
Jun 25, 2024

US crude stocks post surprise develop as refining slows - EIA

U.S. petroleum and fuel inventories rose all of a sudden last week as refineries slowed down running rates, the Energy Info Administration said on Wednesday. Unrefined stocks...

Asia / Pacific
Jun 25, 2024

Stocks, dollar dip after data with eyes on Fed

A gauge of international stocks declined for the first time in three sessions on Wednesday while the dollar dipped against a basket of peers after a flurry...

United States
Jun 25, 2024

US oil and gas production rebounds after winter season storm: Kemp

U.S. oil and gas production rebounded dramatically in February after comprehensive disruption the previous month triggered by freezing wells and other interruptions stemming from Winter season Storm...

United States
Jun 25, 2024

United States building and construction spending falls in March

U.S. building and construction costs all of a sudden fell in March likely as a revival in home mortgage rates weighed on homebuilding, but activity stays supported...

North America
Jun 25, 2024

Citigroup sees loan book hit in climate action ramp-up, document programs

Citigroup could suffer billions of dollars of losses in its loan book if the world sped up efforts to take on climate change, according to a confidential...

Asia / Pacific
Jun 25, 2024

DuPont sees China demand returning, raises full-year forecasts

Industrial materials maker DuPont de Nemours said it sees demand returning in China and raised its fullyear forecasts on Wednesday, sending out shares of the business up...

Saudi Arabia
Jun 25, 2024

Saudi petrochemical group SABIC reports 62% depression in Q1 revenue

Saudi Basic Industries Corp. ( SABIC), among the world's greatest petrochemical. companies, reported a 62% drop in firstquarter net profit on. Wednesday, which it partly credited to...

North America
Jun 25, 2024

Toronto market falls on care ahead of United States interest rate decision

Canada's primary stock index touched its most affordable in nearly a week in the middle of a broad selloff, as investors stayed mindful ahead of the U.S....

Asia / Pacific
Jun 25, 2024

Barrick Gold is not interested in bidding for Anglo American, CEO states

Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover deal from BHP, and is constructing its own copper...

Fuel Oil
Jun 25, 2024

Baltic index edges up on gains in bigger vessels

The Baltic Exchange's dry bulk sea freight index edged up on Wednesday, buoyed by an uptick in capesize and panamax vessel rates. * The general index, which...

Asia / Pacific
Jun 25, 2024

Jindal Stainless Getting Into Cooperation Arrangement For Setting Up A JV In Indonesia

Jindal Stainless Ltd: * JINDAL STAINLESS LTD - ENTERING INTO A COLLABORATION AGREEMENT FOR SETTING UP A JOINT VENTURE IN INDONESIA * JINDAL STAINLESS LTD - INVESTMENT...

Israel
Jun 25, 2024

Could Israel keep the lights on and water running during a regional war?

Israeli energies have deployed backup generators, filled water tanks to the brim and stepped up cyber defences in case the Gaza dispute triggers war against Israel on...

West Africa
Jun 25, 2024

Ivory Coast, Ghana unable to provide up to 500,000 lots of pre-sold cocoa beans

Leading cocoa producers Ivory Coast and Ghana, in the middle of one of their worst harvests in years, do not have beans available to satisfy shipments of...

Ukraine
Jun 25, 2024

Ukraine hopes to boost winter gas storage for Europe by 60%.

Ukraine intends to keep around 4 billion cubic metres (bcm) of gas for foreign companies and traders this winter season, up 60% from last year, regardless of...

North America
Jun 25, 2024

WEC Energy posts greater first-quarter profit on lower expenses

WEC Energy Group stated on Wednesday its firstquarter profit rose 18% as the energy taken advantage of lower operating costs and higher electrical power rates. Wisconsin regulators...

Asia / Pacific
Jun 25, 2024

Dollar near five-month high ahead of Fed policy decision

The dollar edged towards its greatest level this year versus a basket of peers and U.S. share futures dipped on Wednesday ahead of a Federal Reserve policy...

Environment
Jun 25, 2024

Extreme heat shuts schools for millions, expanding finding out gaps worldwide

Hena Khan, a grade 9 student in Dhaka, has struggled to focus on her research studies today as temperatures exceeded 43 degrees Celsius (109 degrees Fahrenheit) in...

Caribbean
Jun 25, 2024

Barrick Gold beats quotes for quarterly profit, enters JV in Jamaica

Canadian miner Barrick Gold on Wednesday beat firstquarter revenue quotes on greater bullion prices and said it has actually entered into an expedition partnership with Geophysx Jamaica....

Asia / Pacific
Jun 25, 2024

US Senate authorizes bill to ban Russian uranium imports

The U.S. Senate approved on Tuesday legislation to bar imports of Russian uranium, as the United States continues to look for to disrupt Russia's efforts in its...

Central Africa
Jun 25, 2024

China's Zhaojin raises stake in Australia's Tietto to 52.8% in takeover quote relocation

China's Zhaojin Capital, a system of gold miner Zhaojin Mining Industry, has raised its stake in its Australian takeover target Tietto Minerals to 52.8%, an exchange filing...

Asia / Pacific
Jun 25, 2024

Musk disbands Tesla EV charging group, leaving customers in the dark

Elon Musk's abrupt decision to lay off employees who ran Tesla's electric vehicle charging company blindsided car manufacturers preparing to gear up new EVs for customers to...

North America
Jun 25, 2024

Warren Buffett's PacifiCorp faces $30 billion of new wildfire claims

An energy owned by Warren Buffett's. Berkshire Hathaway deals with $30 billion of brand-new claims. blaming it for causing Oregon wildfires in 2020, almost 4. times the...

Asia / Pacific
Jun 25, 2024

The emissions and trade flows effect of the G7 coal pledge: Maguire

The energy ministers of the Group of 7 (G7) significant democracies pledged today to end coal use in power generation within around a. years, marking a more...

North America
Jun 25, 2024

ONEOK's first-quarter profit falls on higher operating costs

Pipeline operator ONEOK reported a fall in firstquarter earnings on Tuesday as it reserved greater operating expense and capital investment. The business reported earnings of $639 million,...

Climate Change
Jun 25, 2024

Severe heat is closing schools, broadening finding out spaces worldwide

Hena Khan, a grade 9 student in Dhaka, has actually had a hard time to concentrate on her studies this week as temperatures surpassed 40 degrees Celsius...

North America
Jun 25, 2024

Edison International posts Q1 loss on wildfire claims

California-based electric utility Edison International published a first-quarter loss on Tuesday from a year-ago profit, due to claims connected to a wildfire and other natural catastrophes numerous...

North America
Jun 25, 2024

Oil reduces on higher United States unrefined output, hopes of Israel-Hamas ceasefire

Oil prices fell 1% on Tuesday, extending losses from Monday, on the back of rising U.S. unrefined production, in addition to hopes of an IsraelHamas ceasefire. Brent...

Western Europe
Jun 25, 2024

Canada regulator approves last authorizations for Trans Mountain pipeline expansion

The Canada Energy Regulator (CER). on Tuesday authorized the last licenses for the Trans Mountain oil. pipeline expansion, clearing the way for the task to start. running...

North America
Jun 25, 2024

Diamondback Energy beats very first quarter earnings approximates on higher production

Diamondback Energy beat very first quarter earnings approximates on Tuesday as the oil and gas firm took advantage of higher oil production and much better rates. Crude...

North America
Jun 25, 2024

Edison International posts Q1 loss on wildfire claims

Edison International posted a firstquarter loss on Tuesday from a yearago revenue as the utility firm was hurt by claims connected to wildfire and mudslide occasions that...

Mining
Jun 25, 2024

Brazil Potash intends to beat Russian, Canadian suppliers on cost

The cost to produce potash from a mine being developed in the Brazilian Amazon will be similar to Russia's and lower than in No. 1 manufacturer Canada,...

Oil & Gas
Jun 25, 2024

Chevron, GEPetrol Sign PSCs for Two Equatorial Guinea’s Offshore Blocks

Oil major Chevron and Equatorial Guinea’s state-owned oil company GEPetrol have signed two production sharing contracts (PSCs), for offshore blocks EG-06 and EG-11 in Equatorial Guinea, representing...

United States
Jun 25, 2024

Biden group sets out course for ethanol aviation fuel subsidies

President Joe Biden's. administration on Tuesday released assistance on its sustainable. aviation fuel (SAF) aid program that permits cornbased. ethanol to qualify as a feedstock provided it...

Environment
Jun 25, 2024

Cocoa costs recuperate after plunging 20% amid record low liquidity

World cocoa costs recuperated on Tuesday after clocking losses of more than 20% for the week previously in the session as technical triggers prevailed thanks to tape-record...

United States
Jun 25, 2024

Chesapeake Energy misses quarterly profit estimates as natgas rates stay low

Gas manufacturer Chesapeake Energy Corp missed Wall Street estimates for firstquarter earnings on Tuesday as persistently low natural gas prices weighed down on the company's topline results....

Germany
Jun 25, 2024

Offers of the day-Mergers and acquisitions

The following quotes, mergers, acquisitions and disposals were reported by 1739 GMT on Tuesday: ** A push by financier MFE-MediaForEurope for German media group ProSiebenSat.1 to spin...

Asia / Pacific
Jun 25, 2024

Musk disbands Tesla EV charging group, leaving customers in the dark

Elon Musk's abrupt choice to lay off workers who ran Tesla's electric lorry charging business blindsided car manufacturers getting ready to gear up new EVs for customers...

Crude Oil
Jun 25, 2024

Stocks notch regular monthly drop, dollar rebounds as data, Fed loom big

U.S. equity markets closed greatly lower on Tuesday, joining their worldwide counterparts in the month-to-month loss column as financiers await important financial data and the Federal Reserve...

North America
Jun 24, 2024

Biden team sets out ethanol's path to air travel fuel subsidies

The Biden administration on Tuesday released assistance on its sustainable aviation fuel (SAF) aid program that permits cornbased ethanol to qualify as a feedstock provided it is...

Asia / Pacific
Jun 24, 2024

Houthis attack four ships in Indian Ocean, Red Sea

Yemen's Houthis said on Tuesday they targeted the MSC Orion container ship in a drone attack in the Indian Ocean as part of their ongoing project versus...