Latest news

South America
Jun 13, 2024

CERAWEEK-Brazil exploring methods to import gas from Argentina's Vaca Muerta play, energy minister says

Brazil is checking out methods to import gas from Argentina's massive Vaca Muerta formation, consisting of the possible reversal of a pipeline now used for carrying Bolivian...

Western Europe
Jun 13, 2024

Enel confident of cutting financial obligation in line with 2024 guidance

Italy's greatest utility Enel stated on Thursday its net debt would fall even more as a. results of a number of disposals currently signed or in the...

Venezuela
Jun 13, 2024

US senators look for to harden restriction on offering reserve oil to China

U.S. senators introduced legislation on Thursday to harden the ban on selling petroleum from the Strategic Petroleum Reserve (SPR) to China. The costs, introduced by Senators Joni...

Environment
Jun 13, 2024

Houthi attacks should relieve for salvage of two vessels, UN shipping company says

Efforts to limitation ecological damage from a cargo vessel that sank after a. Houthi rocket strike and another abandoned during a fiery. assault are on hold up...

South-West Asia
Jun 13, 2024

Turkey and Gulf states to release talks free of charge trade pact

Turkey and the Gulf Cooperation Council (GCC) have actually signed a deal to launch negotiations for a Free Trade Agreement (FTA), Turkish Trade Minister Omer Bolat stated...

Asia / Pacific
Jun 13, 2024

Iron ore gains on bets of more China stimulus, enhanced steel margins

Iron ore futures increased on Thursday, buoyed by renewed expectations of additional financial policy alleviating in top customer China and improved success amongst particular steelmakers. The most-traded...

North America
Jun 13, 2024

CERAWEEK-Alaska's governor calls on Biden to upgrade mine authorization procedure

Alaska Guv Mike Dunleavy called on President Joe Biden on Wednesday to update and simplify the U.S. mine permitting procedure in order to boost domestic production of...

Asia / Pacific
Jun 13, 2024

Nuclear combination backers satisfy in US capital as competitors with China looms

Leaders in the emerging Western nuclear blend market are assembling in Washington, D.C., this week looking for ways to draw in more money for research study to...

Saudi Arabia
Jun 13, 2024

Russia thinking about maintenance changes at refineries

Russian Energy Minister Nikolai Shulginov stated on Wednesday that the government and companies remain in discussions about modifications to the maintenance schedules at oil refineries due to...

ASEAN Countries
Jun 13, 2024

China coal industry group anticipates output development to slow in 2024

China's coal output is expected to increase 36 million metric heaps, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal market group stated on...

China
Jun 13, 2024

Dalian iron ore extends gains on hopes of improving China need

Prices of Dalian iron ore futures extended gains into a third successive session on Wednesday, supported by growing expectations of a wave of production resumption amongst steelmakers...

Asia / Pacific
Jun 13, 2024

India's mineral production grows nearly 6% in January

India's mineral production from mining and quarrying grew 5.9% yearonyear, a. Press Information Bureau (PIB) report stated on Wednesday. The country produced over 99.8 million tonnes of...

Asia / Pacific
Jun 13, 2024

India's BPCL signs 4-month United States oil purchase handle BP, sources say

Indian staterun oil refiner Bharat Petroleum Corp has actually signed a handle BP to buy 1 million barrels each month of U.S. West Texas Intermediate (WTI) crude...

North America
Jun 13, 2024

Canada's huge banks say sustainable financing promises may not curtail emission growth

A few of Canada's most significant banks have for the very first time said their green funding efforts might not necessarily curtail emissions growth, after years of...

United States
Jun 13, 2024

Texas schools fund pulls $8.5 billion from BlackRock over ESG investing

A Texas school fund informed BlackRock on Tuesday it was terminating its contract to handle around $8.5 billion of state cash, accusing the investment giant of boycotting...

United States
Jun 13, 2024

CERAWEEK-Project funding less important for brand-new LNG projects, Venture Global CEO states

More financing for future liquefied gas (LNG) plants will count on internal financing rather of the task funding that has actually spent for most tasks to date,...

Asia / Pacific
Jun 13, 2024

California, Stellantis strike lorry emissions deal

Chrysler moms and dad Stellantis and the state of California reached an arrangement on emissions on Tuesday after the company unsuccessfully sought to join a deal that...

North America
Jun 13, 2024

CERAWEEK-Enbridge eyes 120,000 bpd growth to Gray Oak, Texas oil pipeline by 2025

Energy pipeline business Enbridge plans to expand capacity on its Gray Oak oil pipeline by 80,000 barrels daily (bpd) this year and might add another 40,000 bpd...

United Kingdom
Jun 13, 2024

Canadian miner Teck's Elk Valley clean up might cost a minimum of C$ 6.4 bln, environment group states

The expense of cleaning British Columbia's (B.C.) Elk Valley river from the hazardous materials launched by Teck Resources' coal mining might be at least C$ 6.4 billion...

Asia / Pacific
Jun 13, 2024

France calls Russian spy chief remarks 'reckless' provocation

France's defence ministry on Tuesday called remarks made by the chief of Russia's foreign intelligence service disinformation and reckless after he suggested Paris was preparing to send...

Oil & Gas Exploration
Jun 13, 2024

Gupta tells court he has actually run out of cash, wishes to settle Trafigura scams case

Lawyers for entrepreneur Prateek Gupta, accused of scams by commodity trader Trafigura, told a London court on Tuesday he has actually run out of funds to pay...

Asia / Pacific
Jun 13, 2024

LME prepares to list Saudi port as a copper and zinc delivery point

The London Metal Exchange ( LME) plans to list Jeddah, a Saudi Arabian Red Sea port city, as a brand-new shipment point for copper and zinc subject...

Asia / Pacific
Jun 13, 2024

CERAWEEK-Petronas starts building of drifting LNG facility for Argentina

Malaysia's state energy firm Petronas has started the building and construction of a floating liquefied natural gas (FLNG) processing system to be put off the coast of...

Belgium
Jun 13, 2024

Euronav to exit Belgium's blue-chip index 2 days after joining

Tanker company Euronav will exit Belgium's bluechip Bel20 index after simply two days of trading, as it no longer meets the subscription conditions after its takeover by...

China
Jun 13, 2024

Iron ore reaches nearly one-week high on positive China information, growing spot liquidity

Iron ore futures extended gains into a second straight session on Tuesday to their highest levels in almost a week, amidst growing interest for stockpiling in top...

China
Jun 13, 2024

China's Longi says it will lay off about 5% of employees

China's Longi Green Technology Energy, the world's biggest solar maker, stated in a declaration on Tuesday that it will lay off about 5% of its workers. Presently,...

Climate Change
Jun 13, 2024

United States to finalize modified EV mileage ranking rule in win for car manufacturers, sources state

The U.S. Energy Department (DOE) on Tuesday will reveal final rules that will substantially soften its proposal that would have slashed electrical cars' (EV) mileage ratings to...

LNG
Jun 13, 2024

CERAWEEK-Lower LNG rates need to improve gas demand, executives state

Liquefied gas ( LNG) costs have actually fallen about a 3rd over the past 9 months, propping up demand, which must tighten the LNG market in the...

Mexico
Jun 13, 2024

Mexico governmental prospect Sheinbaum vows to improve state energy sector

Mexican presidential candidate Claudia Sheinbaum on Monday pledged to keep improving the activity of the country's stateowned energy business, while likewise accelerating the transition to renewable energies....

Asia / Pacific
Jun 13, 2024

Canada signs hydrogen handle Germany, points out requirement to shun Russia energy

Canada, mentioning the need to shun Russian energy, on Monday signed an agreement with Germany that it stated would accelerate work towards the commercialscale trade of tidy...

Australia
Jun 13, 2024

Pressure develops for charge on worldwide shipping sector's CO2 emissions

The European Union, Canada, Japan and climatevulnerable Pacific Island states are among 47 countries rallying support for a charge on the worldwide shipping sector's greenhouse gas emissions,...

South America
Jun 13, 2024

Colombia police officers seize 7.3 million gallons of crude in raids on prohibited refineries

Colombian authorities have took more than seven million gallons of petroleum in raids on prohibited refineries, in an operation targeting production of bootleg fuel in Norte de...

Mining
Jun 13, 2024

India's Tata Steel to stop operations of coke ovens at Port Talbot plant

India's Tata Steel said on Monday it has decided to cease operations of coke ovens at the Port Talbot plant, in Wales, following a. wear and tear...

East European Countries
Jun 13, 2024

Romania's Nuclearelectrica sees initial choice on SMR plant in 2025

Romania anticipates to make a preliminary last investment decision next year on whether to build a little modular reactor plant (SMR), which could end up being Europe's...

Saudi Arabia
Jun 13, 2024

Saudi crude exports succumb to 2nd straight month in January

Saudi Arabia's crude oil exports fell in January for a second straight month, information from the Joint Organizations Data Initiative (JODI) showed on Monday. Unrefined exports from...

Asia / Pacific
Jun 13, 2024

Oil mergers, tidy fuels vie for attention at Houston energy conference

Top oil executives and ministers descend on Houston this week for among the world's. most significant energy conferences emboldened by smash hit mergers,. steady oil prices and...

China
Jun 13, 2024

Iron ore rebounds on positive China data, lower shipments

Rates of iron ore futures rebounded on Monday after upbeat data in top customer China renewed hopes for a pickup in steel demand in coming weeks and...

Asia / Pacific
Jun 13, 2024

China's CNOOC finds 100 million ton oilfield in Bohai Sea

China's CNOOC Ltd has made a major oilfield discovery in the Bohai Sea, adding over 100 million lots of oil equivalent proved inplace volume, the stateowned oil...

South-West Asia
Jun 13, 2024

Oil mergers, tidy fuels vie for attention at Houston energy conference

Top oil executives and ministers descend on Houston this week for among the world's. greatest energy conferences emboldened by hit mergers,. steady oil costs and less pressure...

Asia / Pacific
Jun 13, 2024

Ukrainian drones have actually hit 12 Russian oil refineries, Kyiv source says

Longrange Ukrainian attack drones introduced by the SBU domestic security service have struck 12 Russian oil refineries during the war so far, a Ukrainian intelligence source informed...

North America
Jun 13, 2024

United States probing Adani Group and founder over prospective bribery, Bloomberg reports

The United States has broadened its investigation of India's. Adani Group to concentrate on the conduct of its creator, Gautam. Adani, and whether the company might have...

North America
Jun 13, 2024

United States drillers include a lot of oil and gas rigs in a week given that September - Baker Hughes

U.S. energy companies today added the most significant variety of oil and natural gas rigs in a week considering that September, with the oil rig count likewise...

Germany
Jun 13, 2024

Germany on track to reach 2030 targets, environment agency says

Germany's greenhouse emissions fell by around 10% in 2023, the greatest drop considering that the 1990 reunification, the country reported on Friday as its economy diminished while...

United States
Jun 13, 2024

VW's United States finance unit to pay $48.75 mln to deal with SEC diesel case

Volkswagen Group of America's wholly owned finance system has agreed to pay $48.75. million to solve a government claim that accused the German. car manufacturer and its...

Malaysia
Jun 13, 2024

Malaysia's Petronas Q4 profit falls, flags market unpredictability in 2024

Malaysia's state energy company Petroliam Nasional (Petronas) said on Friday it expects oil and gas markets to face continued unpredictabilities this year, as it reported a drop...

China
Jun 13, 2024

Iron ore loses over 10% on week as weak demand, rising stocks weigh

Iron ore futures costs tumbled further on Friday to a more than sixmonth low, on track for a. weekly drop of more than 10%, amid sluggish spot...

North America
Jun 13, 2024

Sierra Club sues United States SEC for compromising climate threat disclosure rules

A significant environmental group has taken legal action against to challenge new guidelines released by the U.S. Securities and Exchange Commission needing public companies to report climaterelated...

Asia / Pacific
Jun 13, 2024

Peru Congress reverses procedure fought by small gold miners

Peru's Congress has knocked down legislation that threatened to shut down countless smallscale mine operations, a move that comes after days of strong protests from artisanal miners...

Asia / Pacific
Jun 13, 2024

US export credit company authorizes assistance for Bahrain oil project

The U.S. export credit agency on Thursday voted to approve a $500 million loan warranty for an oil and gas drilling job in Bahrain, evaluating a U.S....

Europe
Jun 13, 2024

COP29 host Azerbaijan plans to upgrade environment target

Azerbaijan, host of this year's U.N. environment modification talks, hopes to update its emissions reduction target in time for the occasion, the inbound president of the COP29...