Latest news

North America
Jun 23, 2024

Oil settles higher on supply issues in the Mideast, economic woes control gains

Oil prices settled greater on Friday, gathering assistance from tensions in the Middle East, however a strong dollar and U.S. inflation data quashed hopes that the Federal...

North America
Jun 23, 2024

International stocks get on Big Tech lift; yen slides to fresh 34-yr low

Worldwide stocks were higher on Friday as Big Tech gains raised Wall Street shares, while Japan's yen hit a fresh 34year low after the Bank of Japan...

United States
Jun 23, 2024

Phillips 66 misses first-quarter profit price quotes on weaker margins

Oil refiner Phillips 66 reported a first-quarter profits miss on Friday, as seasonal upkeep and an eco-friendly fuels conversion project at its Rodeo, California, refinery weighed on...

United States
Jun 23, 2024

Wall Street shares raised by rally in megacap tech stocks

U.S. stocks increased on Friday, buoyed by a rally in megacap development stocks following robust quarterly results from innovation heavyweights Alphabet and Microsoft in addition to moderate...

France
Jun 23, 2024

Earnings for Big Oil backpedal as natgas costs tumble

U.S. and European oil business reported weaker very first quarter results on Friday due to a sharp drop in natural gas rates compared to a year ago....

Western Europe
Jun 23, 2024

REFILE-Earnings for Big Oil backpedal as natgas costs topple

U.S. and European oil business reported weaker very first quarter results on Friday due to a sharp drop in natural gas prices compared with a year earlier....

Southern Africa
Jun 23, 2024

Gold holds company after US inflation data

Gold costs held gains on Friday after data revealed that U.S. inflation rose in line with expectations, but the safehaven metal was on track for a weekly...

Canada
Jun 23, 2024

Trans Mountain growth requires 6 more leave-to-open permits, regulator says

The Canada Energy Regulator (CER). has six leavetoopen applications left to consider for the. 590,000 barrelperday Trans Mountain pipeline expansion. task, a CER spokesperson said on Friday....

Africa
Jun 23, 2024

'End of oil not in sight', OPEC Secretary General states in MEES short article

The end of oil is not in sight, OPEC's top official said, as the rate of energy demand development indicates that options can not change it at...

North America
Jun 23, 2024

US drillers cut most oil well in a week because November - Baker Hughes

U.S. energy companies this week cut 5 oil well, the biggest weekly drop given that November, energy services firm Baker Hughes stated in its closely followed report...

North America
Jun 23, 2024

Canada's Imperial Oil gets revenues increase from higher production

Canada's Imperial Oil reported a higherthanexpected quarterly revenue on Friday thanks to robust production, although maintenance activities weighed on its refinery throughput volumes. Calgary, Alberta-based Imperial, which...

North America
Jun 23, 2024

Mexico's Pemex minimizes monetary debt, increases refining however production falls

Mexican state energy company Pemex reported on Friday that its monetary debt had fallen to $101.5 billion at the end of the very first quarter after what...

Asia / Pacific
Jun 23, 2024

Spain to send out Patriot rockets to Ukraine, minister says

Spain's defence minister stated on Friday Madrid would deliver Patriot antiaircraft missiles to Ukraine, following pressure from NATO and European Union allies to send more military help...

United Kingdom
Jun 23, 2024

Lyondell Houston refinery to run at 95% capacity in Q2 2024

Chemical maker Lyondell Basell Industries said its Houston crude oil refinery would operate at 95% of its capacity of 263,776 barrels each day ( bpd) in the...

Nordic States
Jun 23, 2024

TAKE A LOOK-Beijing vehicle program

China's largest car program opened in Beijing on Thursday with the biggest names showing off their newest electrical vehicles (EVs), underlining how the world's. largest auto market...

Power Markets
Jun 23, 2024

France all set to fund Morocco's 3GW power link to Western Sahara

France is prepared to participate in funding a 3 gigawatt power cable connecting the Moroccan city of Casablanca to the town of Dakhla in Western Sahara, French...

North America
Jun 23, 2024

Warren Buffett's real estate brokerage reaches $250 mln antitrust settlement

A real estate brokerage owned by Warren Buffett's Berkshire Hathaway stated on Friday it reached a $250 million settlement of across the country antitrust lawsuits that is...

Mining
Jun 23, 2024

Glencore bought aluminium from Rusal worth $1.06 bln in 2023

Products group Glencore bought aluminium from Russian manufacturer Rusal worth $1.06 billion in 2023 as part of their longterm agreement, the Russian producer said in an annual...

Mineral Resources
Jun 23, 2024

Copper hits two-year high up on fund buying

Copper costs in London hit a twoyear high and evaluated a significant level of $10,000 a metric ton on Friday after BHP Group's bid for Anglo American...

United States
Jun 23, 2024

FTSE 100 continues record run, Darktrace rallies on buyout deal

Britain's benchmark FTSE 100 scored its 4th consecutive record high on Friday as strong earnings from U.S. tech giants buoyed financier sentiment, while cybersecurity company Darktrace rallied...

Chile
Jun 23, 2024

Chile's Codelco reports Q1 pre-tax profit down 29%.

Chile's Codelco, the world's largest copper producer, on Friday published a 29% drop in its pretax profit for the first three months of this year, landing at...

United States
Jun 23, 2024

Europe's STOXX 600 logs best day in 3 months as banks shine

Europe's benchmark stock index had its biggest oneday gain in more than three months on Friday, propelled by banking and commercial stocks, while the technology sector got...

China
Jun 23, 2024

China's transition obstructed by flat-lining energy intensity: Kemp

China's economy has become much less energy intensive over the last 40 years as its industries have modernised and the economy has moved towards more service sector...

Asia / Pacific
Jun 23, 2024

Vitol to charter supertankers from United States to Nigeria's Dangote refinery

Products trader Vitol has accepted charter 2 supertankers to provide petroleum to Nigeria's huge Dangote refinery from the U.S. in May, according to a shipping source and...

South America
Jun 23, 2024

Brazil's sugar production up 30% early in April, states UNICA

Brazil's centersouth ( CS) sugar production rose 30% in the very first half of April from a. year ago to 710,000 metric heaps, a quantity that was...

Asia / Pacific
Jun 23, 2024

Anglo rejects BHP's $39 bln quote as investors push stock greater

Anglo American declined BHP's 31.1 billion pound ($ 39 billion). takeover deal on Friday, stating it considerably undervalued. the miner and its future prospects. BHP, which has...

Asia / Pacific
Jun 23, 2024

TotalEnergies primary calls prospective EU sanctions on Russian LNG a financial advantage

Sanctions on Russian gas from the Yamal LNG task would cause rates to surge and profit international gas sellers consisting of TotalEnergies, chief executive Patrick Pouyanne stated...

Australia / New Zealand
Jun 23, 2024

Worldwide stocks gain on Huge Tech lift; yen swings to fresh 34-yr low

Global stocks were greater on Friday as Big Tech acquires lifted Wall Street shares, while Japan's yen hit a fresh 34year low after the Bank of Japan...

Africa
Jun 23, 2024

France ready to finance Morocco's 3GW power link to Western Sahara

France is all set to participate in funding a 3 gigawatt power cable linking the Moroccan city of Casablanca to the town of Dakhla in Western Sahara,...

United Kingdom
Jun 23, 2024

Activist financier Elliott builds $1 bln stake in Anglo American

Activist fund Elliott has developed a $1 billion stake in Anglo American, a filing revealed on Friday, after the Londonlisted miner became a takeover target by larger...

France
Jun 23, 2024

French industry minister sets eyes on carbon capture tech

The French market minister Roland Lescure on Friday introduced a require interest for carbon capture at different sites to assist carbonintense industries abate emissions. The goal is...

France
Jun 23, 2024

TotalEnergies beats expectations despite lower gas prices

French energy giant TotalEnergies posted a 22% decrease in firstquarter earnings, somewhat less than anticipated, as good refining margins partially offset a high drop in benefit from...

United States
Jun 23, 2024

DTE Energy misses quarterly profit quotes on natgas system weak point

Electric and gas energy DTE Energy missed out on Wall Street price quotes for the firstquarter earnings on Thursday, injured by weakness in its natural gas unit....

Western Europe
Jun 23, 2024

Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday: ** Anglo American declined rival miner BHP Group's 31.1 billion pound ($ 39...

Mexico
Jun 23, 2024

Italy's Tenaris sees H2 earnings margin drop on N. America slowdown, blockages

Italian steel pipeline maker Tenaris anticipates a drop in core profit margins to 20% 25% in the second half of the year, its president Paolo Rocca told...

Australia / New Zealand
Jun 23, 2024

Implats weighs 3,900 job cuts in South Africa as cost thrashing takes toll

Impala Platinum could cut 3,900 jobs as it reorganizes its South African operations due to lower metal rates, the miner said on Friday, with the news likely...

Europe
Jun 23, 2024

Environment groups picket Swiss National Bank's investor conference over its investments

Climate campaigners picketed the Swiss National Bank's investors fulfilling on Friday to demonstration versus the central bank's investments in companies they say damage the environment and perform...

Mining
Jun 23, 2024

Thyssenkrupp sells stake in steel system to Czech billionaire Kretinsky

T hyssenkrupp will offer a 20% stake in its steel company to the energy holding controlled by Czech billionaire Daniel Kretinsky, a significant advancement for the German...

Asia
Jun 23, 2024

Stocks deal with worst month since September, yen swings after BOJ

International stocks were teetering on Friday towards their worst month considering that September, although futures markets forecasted strong tech earnings would trigger a Wall Street relief rally...

United Kingdom
Jun 23, 2024

LyondellBasell beats Q1 profit view, anticipates seasonal need increase

Petrochemical manufacturer LyondellBasell stated on Friday it anticipates seasonal need improvements throughout most of its systems in the existing quarter after it beat firstquarter revenue estimates. The...

South-West Asia
Jun 23, 2024

Turkish court convicts Syrian lady over Istanbul battle

A Turkish court sentenced Ahlam Albashir, a Syrian nationwide, to life in jail on Friday over a 2022 bombing that killed six people in Istanbul's main shopping...

North America
Jun 23, 2024

Chevron posts Q1 earnings beat with oil production gains

Oil giant Chevron Corp beat quotes for firstquarter revenue on Friday as greater production volumes in the U.S. assisted offset a hit from weak natural gas rates...

South-West Asia
Jun 23, 2024

UAE preparing second nuclear power plant, sources say

The United Arab Emirates will tender quickly for the building and construction of a new nuclear power plant that would double the variety of the little Gulf...

Oil & Gas
Jun 23, 2024

Russia's Lukoil yet to name chairman after 2 previous executives passed away

Russia's secondlargest oil manufacturer Lukoil is holding a yearly investors' conference on Friday to think about a dividend among other matters, however has yet to name a...

Asia / Pacific
Jun 23, 2024

Russian rouble hits one-month high after central bank holds rates

The Russian rouble firmed to a. onemonth high previous 92 to the dollar on Friday after the main. bank held interest rates at 16%, as expected, and...

North America
Jun 23, 2024

Exxon misses on Q1 earnings in spite of huge gains in Guyana

Exxon Mobil Corp. on Friday missed out on analysts' price quotes with a 28% yearonyear. drop in very first quarter earnings as weaker refining margins and. lower...

Azerbaijan
Jun 23, 2024

COP29 environment summit host Azerbaijan safeguards oil and gas financial investments

Azerbaijan, host of this year's U.N. climate top, will protect the right of oil and gas producing countries to buy the sector, the country's. president stated on...

Power Markets
Jun 23, 2024

Shoigu says Russia and allies need to step up military exercises in Asia

Russia and its allies in Asia needs to expand joint military exercises as they deal with a. direct hazard from attempts by the United States to expand...

Asia
Jun 23, 2024

India expects yearly power output to grow at fastest in over a years

India anticipates power generation to grow 9.3% to 1,900 billion kilowatt hours (kWh). during the fiscal year through March 2025, internal projections. by the federal power ministry...

Asia / Pacific
Jun 23, 2024

MORNING BID AMERICAS-Big Tech see-saw turns favorable, yen swings wildly

A look at the day ahead in U.S. and international markets from Mike Dolan An unpredictable week for Wall Street megacaps looks set to end with a....