Latest news

Australia
Jul 22, 2025

Toxic algae bloom off South Australia devastates marine life, tourism

Peter Malinauskas, the state premier, called Tuesday's massive algae bloom off South Australia a "natural catastrophe" because it has destroyed hundreds of marine species and affected local...

United Kingdom
Jul 22, 2025

Shanghai aluminium reaches nearly nine-month high amid better China demand

On Tuesday, the most traded aluminium contract at the Shanghai Futures Exchange hit its highest level since November. This could be due to a better demand from...

China
Jul 22, 2025

China's coal prices have again reached their daily limit after a discussion about government mine inspections

The prices of coking coal in China reached their maximum for the second consecutive session on Tuesday amid market talk about possible government inspections at China's main...

Spain
Jul 22, 2025

Spain's demand for gas is on the rise as power plants are burning more since the blackout

Since a major blackout in April 28, the gas grid operator Enagas reported that Spain increased its gas consumption to produce electricity. The grid voltage is more...

Norway
Jul 22, 2025

Statkraft, a Norwegian utility, reports a quarterly loss of $640 million after impairments

Statkraft, Norway's largest utility and state-owned company, announced a larger quarterly net loss Tuesday as lower expectations of Nordic power prices, along with ongoing restructuring, led it...

Indonesia
Jul 22, 2025

Indonesia Mining Ministry proposes 18 Development Projects for Danantara Funding

The Indonesian mining ministry has compiled a list with 18 projects totaling $38,6 billion for the development of natural resources in Indonesia. It handed it to Danantara...

United Kingdom
Jul 22, 2025

UK greenlights Sizewell C nuclear plant after La Caisse investment

The final approval for the Sizewell C nuclear power plant in eastern England, worth 51 billion pounds (38 billion pounds), was given by Britain on Tuesday. This...

China
Jul 22, 2025

After colossal rainfall in China's Shandong, two people are dead and 10 others missing

The local government in China's eastern Shandong province reported that heavy rains in the Laiwu District in Jinan had soaked the area in just five hours. This...

South Asia
Jul 22, 2025

VEGOILS-Palm edges up, uncertainty over US trade deals keeps market volatile

The price of Malaysian palm oils futures increased slightly on Tuesday despite the fact that the market was volatile due to uncertainty surrounding potential trade agreements between...

Scandinavia
Jul 22, 2025

Aluminium producer Norsk Hydro trims 2025 spending despite quarterly profit beat

Norsk Hydro, a Norwegian aluminium manufacturer, cut its capital expenditure guidance for 2025 by 1.5 billion crowns (roughly $147.5 million), and frozen external white-collar employment on Tuesday...

Norway
Jul 22, 2025

Vaar Energi, Norway's largest energy company, is looking to cut spending as its Q2 operating profits lag.

Norwegian oil company Vaar Energi reported a lower than expected operating profit for the 2nd quarter on Tuesday. It said that it intends to cut costs, while...

United States
Jul 22, 2025

Investors focus on tariff negotiations and earnings to cause Asian stocks to fall

Investors took note of the tariff negotiations between America and its trading partners, as Asian stock markets dipped after reaching a peak of nearly four years on...

Japan
Jul 22, 2025

Kansai will begin surveys for a new nuclear power plant in Mihama

Kansai Electric Power announced on Tuesday that it would begin the surveys to build a new reactor for its Mihama Nuclear Power Station in Fukui Prefecture, western...

China
Jul 22, 2025

Russell: OPEC and IEA crude demand forecasts could be too conservative

The International Energy Agency (IEA), as well as OPEC, are both more conservative in their growth forecasts. The numbers contained in the monthly report of the Organization...

Indonesia
Jul 22, 2025

Sources say Indonesia will sign a $8 billion refineries deal with a US company amid tariffs agreement.

According to two sources with knowledge of the matter, and a presentation from the economic ministry, Danantara, Indonesia's sovereign wealth fund, plans to sign a $8 billion...

United States
Jul 22, 2025

Oil prices fall as concerns about trade wars increase fuel demand

Investor sentiment was impacted by the decline in oil prices on Tuesday, as fears that a brewing trade conflict between the U.S.A. and European Union would reduce...

Oil & Gas
Jul 22, 2025

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

Dutch offshore contractor Marine Masters has completed its offshore scope for the decommissioning of the South Angsi Alpha (SAA) platform, operated by Hibiscus Oil & Gas Malaysia,...

Wind Farms
Jul 22, 2025

MMA Offshore Officially Becomes Cyan Renewables

MMA Offshore has rebranded to Cyan Renewables following the acquisition, and opened a Melbourne office to support Australia’s offshore wind sector.The rebrand marks a pivotal step in...

China
Jul 22, 2025

Iron ore continues to gain on China's stimulus hopes

The price of iron ore futures rose on Tuesday as investors hoped for more stimulus following Beijing's announcement of a $170 billion hydropower plant to boost the...

China
Jul 22, 2025

Gold prices rise to a new high after a month-long slump in the dollar and bond yields

The gold price rose on Tuesday, reaching its highest level in over a month. This was largely due to a lower U.S. Dollar and lower Treasury yields....

India
Jul 22, 2025

Council says that demand from India will support the price of crude palm oil at 4100-4300 ringgit.

The Malaysian Palm Oil Council stated in a Tuesday statement that the price of crude palm oil is expected to range between 4,100 and 4,300 Ringgit ($970-$1,017)...

United Kingdom
Jul 21, 2025

Shanghai metals prices rise as China's demand improves

On Tuesday, the most traded metals contracts at the Shanghai Futures Exchange increased. This was supported by better signs of demand from China. The Chinese authorities are...

India
Jul 21, 2025

New EU Russia curbs could increase Indian oil refiners’ reliance on traders

After the latest round European Union sanctions, Indian private refiners who have used cheap Russian crude in order to boost their margins will need to find ways...

Singapore
Jul 21, 2025

Asian stocks rise as investors focus on tariff negotiations and earnings

Investors took note of the tariff negotiations between America and its trading partners, while Asian stock markets remained near their four-year high on Tuesday. They were buoyed...

United States
Jul 21, 2025

Oil prices fall as concerns about trade wars increase fuel demand

Investor sentiment was weighed down by concerns that a brewing trade conflict between the U.S., the European Union and other major oil consumers would reduce fuel demand...

China
Jul 21, 2025

Report: China must reduce its steel production by 2025 to achieve the decarbonisation goal

Researchers said that in order to meet the green steel goal for this year, China must reduce its steel production from coal-powered blast furnaces by over 90...

Taiwan
Jul 21, 2025

Taiwan's CPC rejects'specifics' US shale-gas acquisition talks

CPC Corp, Taiwan's state owned energy company, said that it was not in negotiations for "specific" shale fields in the United States. However, it did not exclude...

United States
Jul 21, 2025

Steel Dynamics reports disappointing quarterly results for raw material costs

Steel Dynamics reported second-quarter earnings below Wall Street expectations on Monday, due to rising raw material costs and the uncertainty surrounding U.S. Trade Policy. After hours, shares...

United States
Jul 21, 2025

Trump's staff cuts are forcing firefighters to clean toilets as US wildfires rage.

Former and current employees of the U.S. Forest Service have complained that the Trump administration has reduced the federal workforce, leaving fire teams understaffed. This is as...

Netherlands
Jul 21, 2025

Merz: Berlin is still interested in TenneT German business

The German Chancellor Friedrich Merz stated on Monday that the government has not yet decided if it will take a stake of the German division owned by...

United Kingdom
Jul 21, 2025

The Lindsey refinery in Britain will close after no buyer is found

Michael Shanks, the Energy Minister of Britain, said that no buyer had been found for Britain's Lindsey insolvent oil refinery. After its owner Prax went bankrupt at...

United States
Jul 21, 2025

Alteia, a French AI company, will be acquired by GE Vernova for the purpose of enhancing AI tools in utilities

GE Vernova, a maker of power equipment, announced on Monday that it would buy Alteia in France, a company that makes artificial intelligence tools for utility companies....

Mining
Jul 21, 2025

Due to repairs, Nornickel has cut its nickel and palladium production forecast for 2025.

Russia's Nornickel, one of world's biggest nickel producers, and the largest palladium producer, lowered Monday its 2025 nickel forecast to 196,000-204,000 tons. The previous guidance was 204,000-211,000...

United States
Jul 21, 2025

As dollar and yields are easing, gold gains more than 1%.

Gold prices rose over 1% Monday, as the dollar and U.S. bonds yields fell amid uncertainty about trade talks in advance of an August 1 deadline for...

South Asia
Jul 21, 2025

New EU Russia curbs could increase Indian oil refiners’ reliance on traders

After the latest round European Union sanctions, Indian private refiners who have used cheap Russian crude in order to boost their margins will need to find ways...

England
Jul 21, 2025

Wimbledon expansion plans cleared by UK court following challenge

Wimbledon's plans for expanding the grounds of the oldest and most prestigious Grand Slam Tennis Tournament in the world overcame their first legal hurdle Monday. The London...

South Asia
Jul 21, 2025

Russia-backed Indian refiner condemns EU restrictions, weighs legal options

Nayara Energy, a Russian-backed refiner in India, condemned Monday the European Union sanctions against it and said that it was exploring its legal options to combat the...

United States
Jul 21, 2025

Brazil admits that it is possible there will be no US-Brazil trade deal before August 1

Brazil's Finance Minister said on Monday that his country will not give up on negotiations with the U.S., but acknowledged that it may not be possible to...

United States
Jul 21, 2025

EU retaliation plans intensify as prospects for a US tariff deal dim

According to EU diplomats, the European Union is looking at a wider range of countermeasures that could be taken against the United States. This comes as the...

France
Jul 21, 2025

Les Echos reports that Canada's CDPQ and Amber Infrastructure will invest in Britain's Sizewell C.

The French newspaper Les Echos reported that the Canadian investment fund Caisse de depot et de placement du Quebec will partner with Britain's Amber Infrastructure in order...

China
Jul 21, 2025

Zambia plans to build a 60,000 barrels-per-day oil refinery on the Copperbelt

The Zambian government announced on Monday that it had signed an agreement paving the way for a crude oil refinery complex and energy facility worth $1.1 billion...

China
Jul 21, 2025

Zinc reaches peak in 4 months as LME availability declines

The London Metal Exchange reported that more than half the stocks stored in their approved warehouses were marked for removal. Benchmark zinc traded on the LME 0.7%...

Iran
Jul 21, 2025

Bessent: US will not rush trade deals before August deadline. We will speak with China.

Scott Bessent, U.S. Treasury secretary, said that the Trump administration was more concerned about the quality of trade deals than their timing. The deadline to secure a...

United States
Jul 21, 2025

Saudi Arabian crude exports reached a three-month high during May

Data from the Joint Organizations Data Initiative showed that Saudi Arabian crude oil exports rose in May to their highest level in three months. Crude oil exports...

United Kingdom
Jul 21, 2025

Zinc reaches peak in 4 months as LME availability declines

The London Metal Exchange reported that more than half the stocks stored in their approved warehouses were marked for removal. Benchmark zinc prices on the LME were...

Australia
Jul 21, 2025

AVZ Minerals claims that the Congo deal with KoBold violates arbitration order

AVZ Minerals, based in Australia, holds a major stake in the contested Manono Lithium Project in the Democratic Republic of Congo. On Monday, AVZ Minerals said that...

United Kingdom
Jul 21, 2025

What are the main recommendations for reforming UK’s water sector

A report published on Monday detailed a plan for overhauling Britain's water industry, aiming to protect consumers, investors and the environment. After releasing sewage levels that were...

United States
Jul 21, 2025

EU ramps up retaliation as US tariff deal prospects diminish

According to EU diplomats, the European Union is looking at a wider range of countermeasures that could be taken against the United States. This comes as the...

United States
Jul 21, 2025

Two people killed and widespread damage caused by Russian attacks in Ukraine

The Russians attacked Ukraine overnight with hundreds of drones and missiles, killing two and injuring 15, causing fires and damage to several areas of the country. Ukrainian...

Africa
Jul 21, 2025

Zimbabwe's spodumene imports rise 30% despite low lithium prices

Official statistics show that Zimbabwean exports of spodumene, a mineral containing lithium and essential to battery production, increased by 30% in the first six months of 2025,...