Latest news

United States
Jun 1, 2024

Hess signals Exxon arbitration might push a sale into next year

An Exxon Mobil arbitration case that might block the sale of Hess Corp to Chevron might drag out up until yearend, Hess said in a U.S. securities...

North America
Jun 1, 2024

US settles big reforms to federal oil and gas drilling

President Joe Biden's administration on Friday settled a. series of reforms created to improve returns and address. environmental harms from oil and gas drilling on public lands....

Asia / Pacific
Jun 1, 2024

Dollar up on combined reserve bank views, Middle East danger lifts oil and gold

The U.S. dollar skyrocketed on Friday while oil rates pressed higher and gold reached a record peak as investors grappled with geopolitical stress and potentially diverging interest...

Asia / Pacific
Jun 1, 2024

Exxon progresses with 6th oil project in Guyana

An Exxon Mobilled oil consortium on Friday gave the financial green light to its 6th oil advancement job in the Stabroek Block in overseas Guyana after getting...

ASEAN Countries
Jun 1, 2024

Russian oil and products caught on tankers hit by brand-new Iran-related sanctions

Russian oil and products have actually become trapped at sea on four tankers after the United States hit the vessels with fresh Iranrelated sanctions, LSEG data revealed...

Germany
Jun 1, 2024

German transport minister under fire for weekend driving restriction hazard

German Transport Minister Volker Wissing drew in reaction on Friday after threatening to impose weekend driving bans in the summer to abide by the environment defense law,...

Europe
Jun 1, 2024

Greenpeace targets Russia-linked Baltic Sea fuel tanker

Greenpeace activists painted slogans on an Estonianowned tanker in the middle of the Baltic Sea on Friday, and stated the ship supplied bunker fuel to vessels carrying...

Germany
Jun 1, 2024

Thyssenkrupp to reduce Duisburg steel production capability and cut jobs

Thyssenkrupp on Thursday expanded details of a restructuring programme for its challenged steel department, saying production capability at its Duisburg site will be considerably lowered, with steps...

Crude Oil
Jun 1, 2024

IEA trims oil need projection on weak point in wealthier countries

The International Energy Company (IEA) trimmed its forecast for 2024 oil need growth on Friday, citing lower than expected intake in OECD nations and a downturn in...

North America
Jun 1, 2024

California battery plant is amongst world's largest as power storage booms

A major battery plant near Los Angeles will be among the largest on the planet when it comes online later on this year, promising to support California's...

Energy Markets
Jun 1, 2024

European stocks gain, dollar strong as traders cut Fed alleviating bets

European stocks were on track to race ahead of Wall Street on Friday, with exporter shares in high demand as the continent's significant currencies dropped versus a...

Europe
Jun 1, 2024

Final death toll of Italy hydroelectric plant blast increases to 7

Italian rescuers have actually found the bodies of the last two missing employees from a surge at a hydroelectric plant near Bologna three days ago, a. representative...

Asia / Pacific
Jun 1, 2024

GQG, SBI funds eye investments in Vodafone Concept $2.16 bln share sale, sources state

Financial investment company GQG Partners and State Bank of India Mutual Fund are thinking about investing up to $800 million in overall in a $2.16 billion share...

Australia / New Zealand
Jun 1, 2024

China's March coal imports nearly flat year-on-year as weak demand weighs

China's coal imports were nearly flat in March yearonyear, customs data showed on Friday, as weak demand and falling domestic rates weighed on international deliveries. Arrivals of...

Asia
Jun 1, 2024

China March copper imports leap 16% as need improves

China's unwrought copper imports rose 16% in March from a year earlier, customs data revealed on Friday, as industrial activity picked up and need improved. Imports of...

South-East Asia
Jun 1, 2024

European stocks gain, dollar tall as traders cut Fed reducing bets

European stocks were on track to race ahead of Wall Street on Friday, with exporters' shares in high need as the continent's major currencies dropped against a...

Asia / Pacific
Jun 1, 2024

China's March crude imports slip 6% however rise somewhat in Q1

China's crude oil imports in March fell from high levels a year earlier however stayed strong amid a rise in Russian shipments, official data showed on Friday....

Scandinavia
Jun 1, 2024

UPDATE-1-IEA trims oil need forecast on weak point in wealthier nations

The International Energy Firm (IEA) trimmed its projection for 2024 oil demand growth on Friday, mentioning lower than expected intake in OECD nations and a slump in...

United Kingdom
Jun 1, 2024

UAE's ADNOC recently considered BP as takeover target, sources state

The United Arab Emirates' stateowned oil business just recently considered buying Britain's BP however the deliberations did not progress beyond initial conversations, individuals acquainted with the matter...

Energy Markets
Jun 1, 2024

Asian stocks combined, gold hits peak as Fed focus heightens

Asian equities had a hard time for instructions on Friday as financiers looked for clues on the timing of Federal Reserve rate of interest cuts amid a...

Europe
Jun 1, 2024

Europe stands firm against US-driven ESG backlash

Steady financier demand in Europe for environmental and socially accountable financial investments and wideranging policy are helping Europe's finance market stand up to political pressures that have...

North America
Jun 1, 2024

Investors bank on additional increase in US gas rates: Kemp

Portfolio investors have generated among the largest bullish positions in U.S. gas futures and choices considering that before the coronavirus pandemic, preparing for that prices will continue...

Switzerland
Jun 1, 2024

European court ruling puts cautious Swiss in environment bind

Switzerland for all its snowcapped mountains and crisp Alpine air has actually stopped working to protect its people from the ravages of environment change, as a top...

Energy Markets
Jun 1, 2024

CORRECTED-Stocks soft, gold at brand-new peak as markets weigh Fed cut timing

Asian equities remained in a. suppressed mood on Friday as investors contemplated the course for. Federal Reserve rates of interest cuts amidst a murky U.S. inflation. outlook....

Carbon Emissions
Jun 1, 2024

Environment decision for Swiss females a warning for European states, oil industry

Governments and business that are lax on climate action must be fretted since this week's European human rights court ruling against the Swiss federal government enhances the...

East Asia
Jun 1, 2024

China's oil majors deal with uphill climb to adjust to EV future

Hidden on a side road in rural Beijing, the Xiaowuji battery charging station opened by Sinopec in December 2023 provides a glance of China's postgasoline future. Boasting...

Japan
Jun 1, 2024

Japan's greenhouse gas emissions fall 2.5% in FY22/23 to tape low

Japan's greenhouse gas emissions fell 2.5% to a record low in the through March 2023, federal government data showed on Friday, helped by minimized emissions in the...

United States
Jun 1, 2024

Oil rates head back up on Middle East jitters

Oil prices increased in early trade on Friday on increased stress in the Middle East, where Iran has promised to retaliate for a suspected Israeli air strike...

Asia / Pacific
Jun 1, 2024

IAEA chief states Zaporizhzhia nuclear plant attacks run the risk of harmful shift in Ukraine war

Drone attacks on the Russianheld Zaporizhzhia nuclear reactor in Ukraine need to stop as they might posture a new and seriously unsafe phase in the war, the...

Europe
Jun 1, 2024

More climate experts object to emissions target guard dog's offsets policy

The climate targets verification group that announced a plan today to enable business to offset greenhouse gas emissions from their supply chain with carbon credits came under...

Ukraine
Jun 1, 2024

Major Russian air strikes destroy Kyiv power plant, damage other stations

Russian rockets and drones destroyed a large electricity plant near Kyiv and struck power facilities in numerous regions of Ukraine on Thursday, authorities stated, ramping up pressure...

United States
Jun 1, 2024

Oklahoma takes legal action against two business over alleged gas cost control

Oklahoma has taken legal action against 2 energy business, implicating them of manipulating gas prices throughout Winter Storm Uri in 2021, according to a press release from...

Wind Farms
Jun 1, 2024

OEG Renewables Finds Partner for Offshore Wind Services in Japan

OEG Renewables (OEGR), a subsidiary of OEG Energy Group, and Sojitz Machinery Corporation (SOMAC) have signed a memorandum of understanding (MoU) for the provision of pre-construction, operations...

North America
May 31, 2024

United States goes beyond renewable resource objective for public lands

The Biden administration on Thursday said the U.S. had surpassed a goal of allowing more than 25 gigawatts of clean energy jobs on public lands by 2025...

Europe
May 31, 2024

UAE's ADNOC just recently considered BP as takeover target, sources say

The United Arab Emirates' stateowned oil business just recently considered purchasing Britain's BP but the considerations did not progress beyond initial conversations, people knowledgeable about the matter...

United States
May 31, 2024

International equity gauge increases somewhat with inflation, rates in focus

A worldwide equities index rose slightly on Thursday after falling previously in the day while Treasury yields increased as investors wanted to the latest inflation data for...

Nordic States
May 31, 2024

International equity gauge rebounds with inflation, rates in focus

A global gauge of equities restored ground on Thursday after falling previously in the day while longerdated Treasury yields increased as financiers aimed to the current inflation...

Middle East
May 31, 2024

Oil settles lower as rate cut hopes moderate, Brent holds near $90/bbl.

Oil prices settled lower on Thursday as sticky inflation moistened expect near-term U.S. interest rate cuts, but concerns that Iran may assault Israeli interests kept unrefined near...

Asia / Pacific
May 31, 2024

UAE's ADNOC just recently considered BP as takeover target, sources state

The United Arab Emirates' stateowned oil company recently thought about buying Britain's BP but the considerations did not advance beyond preliminary conversations, individuals knowledgeable about the matter...

North America
May 31, 2024

Global equity gauge slips, yields edge up with inflation, rates in focus

A gauge of global equities slipped on Thursday while Treasury yields edged higher as investors looked for clues on the capacity for Federal Reserve interest rate cuts...

Poland
May 31, 2024

Poland investigating if Orlen unit breached oil sanctions, report states

Polish special services are examining if Orlen Trading Switzerland, an unit of Polish refiner Orlen, breached sanctions on the import of oil from Russia or Iran, personal...

Asia / Pacific
May 31, 2024

Southern Brazil gains record soy to balance out center-west crop failure

A record soybean harvest in Brazil's southernmost state should balance out losses in the droughthit center west, keeping a lid on costs in the world's biggest manufacturer...

Asia / Pacific
May 31, 2024

Russia and Kazakhstan battle record floods as rivers rise further

The Russian city of Orenburg battled rising water levels on Thursday after significant rivers throughout Russia and Kazakhstan burst their banks in the worst flooding seen in...

North America
May 31, 2024

Exxon Mobil raised package of CEO Woods to $36.9 mln in 2023

Exxon Mobil President Darren Woods received $36.9 million in overall compensation for 2023, up nearly 3% from a year earlier, the oil major said in a. regulative...

Nordic States
May 31, 2024

Euro, bonds lick injuries as ECB sticks to rate cut course

Reassurances that the European Central Bank still expects to cut its rates of interest soon assisted settle market nerves on Thursday, after a U.S. inflation scare had...

Asia / Pacific
May 31, 2024

Senegal states oil, gas and mine contracts will be remodelled if needed

Senegal's new Energy and Mines Minister stated on Thursday the federal government would renegotiate oil, gas and mining contracts if required as soon as a guaranteed audit...

Pakistan
May 31, 2024

Baltic index strikes one-week high as larger vessel rates increase

The Baltic Exchange's dry bulk sea freight index rose to a oneweek high up on Thursday, assisted by greater rates for the capesize and panamax vessel segments....

Crude Oil
May 31, 2024

Europe turns to ECB after U.S. inflation scare

Traders were bracing for a volatile European Reserve bank conference on Thursday, after persistent U.S. inflation numbers had set off the biggest global market selloff in months...

Middle East
May 31, 2024

OPEC sees robust summer oil demand, financial upside possible

OPEC on Thursday forecasted robust fuel use in the summer season and stayed with its forecast for reasonably strong development in international oil need in 2024, while...

East European Countries
May 31, 2024

EU Parliament approves legal option to block Russian LNG imports

The European Parliament voted on Thursday to pass guidelines permitting European governments to ban Russian melted gas (LNG) imports, by preventing Russian firms from booking gas infrastructure...