Latest news

Australia
May 6, 2025

Lynas CEO: Company is looking to buy rare earths in Malaysia and Brazil

Amanda Lacaze, CEO of Lynas Rare Earths, said that the company is looking at potential purchases of rare-earth deposits in Malaysia and Brazil. It also plans to...

United States
May 6, 2025

Sources say that a major refinery in Venezuela has restarted a processing unit after an absence of 365 days.

Four sources said that Venezuela's Cardon refinery, the second-largest in Venezuela, has restarted a fluid catalytic reactor which was out of service due to a breakdown and...

Canada
May 6, 2025

Cenovus Canada confirms job cuts ahead of earnings in this week

Cenovus Energy, a Canadian oil and natural gas company, has reduced the number of employees in its workforce ahead of this week's release of its earnings report...

France
May 6, 2025

Sources say that Niger security forces raid Orano offices, seizing phones.

Two sources said that security forces in Niger searched offices of local subsidiaries of Orano, securing phones and equipment. This comes months after Orano announced that authorities...

Canada
May 6, 2025

Suncor, Canada reports first quarter profit beating on strength in refining

Suncor Energy, a Canadian oil company, reported a first-quarter profit that was above analyst expectations on Tuesday. It benefited from increased refinery production and higher sales volumes....

United States
May 6, 2025

The Trump cuts in funding force the US Renewable Energy Research Lab to lay off staff

The National Renewable Energy Laboratory, a research division of U.S. Department of Energy, which focuses on renewable energy sources such as wind and solar, announced on Tuesday...

Luxembourg
May 6, 2025

ArcelorMittal views May as critical to new Brazil investment decisions

As it nears the end of the current investment cycle, the month of May is crucial for ArcelorMittal in deciding whether or not it will make new...

United States
May 6, 2025

Devon Energy misses its first-quarter profit forecast due to lower oil prices

Devon Energy's first-quarter profits missed Wall Street expectations on Tuesday as lower oil prices offset increased production. In extended trading, shares were down about 1 % at...

India
May 6, 2025

SpaceX receives FAA approval for increased Starship launches in Texas

SpaceX has received approval from the U.S. government to increase its annual rate of Starship launches and booster landings. This will allow Elon Musk’s space company a...

United States
May 6, 2025

Trump to terminate Energy Star program for home appliances amid EPA reorganization

Two sources familiar with the reorganization said that the U.S. Environmental Protection Agency (EPA) plans to discontinue Energy Star. This program, which has been certifying the energy...

United Kingdom
May 6, 2025

Attenborough's film on ocean resilience attracts King Charles II to premiere

In his new film, which was premiered Tuesday night with King Charles present, British naturalist David Attenborough said that there is still hope for the oceans of...

Argentina
May 6, 2025

Argentina's soy harvest stalls after rains, meteorologist says

A meteorologist reported on Tuesday that Argentina's soy harvest, already delayed, has been further slowed down by heavy rains and humidity in Argentina's major agricultural regions. Rains...

Ireland
May 6, 2025

Pharma imports into the US increased in March, as drugmakers sought to avoid tariffs

Imports of pharmaceuticals into the U.S. soared in March, as drugmakers stockpiled ahead of possible U.S. tariffs. Their products have been historically exempted from such fees. The...

United States
May 6, 2025

EIA: Oil price volatility is due to higher OPEC+ production and tariff uncertainty.

The U.S. Energy Information Administration reported on Tuesday that perceptions of an oversupply by oil market participants due to increased OPEC+ production and uncertainty regarding the economic...

Venezuela
May 6, 2025

EIA: US natgas production and demand will reach record highs by 2025

The U.S. Energy Information Administration's (EIA) Short-Term Energy Outlook, published on Tuesday, predicted that both the U.S. Natural Gas output and demand would reach record levels in...

Environment
May 6, 2025

Russia expects a shortfall in scrappage fees as the car market struggles

The Finance Minister Anton Siluanov said to reporters Tuesday that Russia expects revenues from the scrapping of cars to be well below budgeted levels in this year....

Mineral Resources
May 6, 2025

The price of the aerospace material tantalite has risen to its highest level in two years due to unrest in Congo

Last week, Tantalite prices in Europe reached two-year highs, due to supply disruptions caused by tensions in the Democratic Republic of Congo (DRC), the world's largest producer...

United States
May 6, 2025

Duke Energy's electricity rates beat quarterly estimates

Duke Energy beat Wall Street's expectations on Tuesday for revenue and profit in the first quarter, thanks to higher electricity prices, increased retail sales, and a colder...

Saudi Arabia
May 6, 2025

Saudi Arabia, US to discuss deal in mining, mineral resources, cabinet says

Saudi Arabia will discuss with the United States a possible agreement on cooperation in the areas of mining and minerals, according to a Saudi cabinet statement released...

Brazil
May 6, 2025

Conab raises its forecast for Brazil's crop of coffee, seeing an 'off-year record'

Conab, the national food agency, said that Brazil's total coffee production in 2025 is expected to reach 55.7 million 60-kilogram bag. Citing a recovery in robusta production,...

Germany
May 6, 2025

Euronext rebrands ESG to aid European defense firms

Euronext, the European exchange operator, announced on Tuesday a number of measures designed to encourage investment in the defence industry. These include helping companies list their shares...

United States
May 6, 2025

Constellation Energy's first-quarter earnings misses estimates due to rising costs

Constellation Energy, the largest U.S. energy company, missed Wall Street's expectations on first-quarter profits. The major U.S. utility was hit by rising costs for building and operating...

United States
May 6, 2025

WEC Energy reports higher first-quarter profits on strong demand for power

WEC Energy announced a 16.4% increase in its first-quarter profits on Tuesday, thanks to increased electricity consumption from residential, commercial and industrial customers. According to the U.S....

United States
May 6, 2025

Constellation Energy's operating costs increase causes Constellation Energy to miss its first-quarter profit estimate

Constellation Energy, a U.S. utility, missed Wall Street's expectations for the first quarter profit on Tuesday. Higher operating and interest costs pushed its shares lower by nearly...

United States
May 6, 2025

American Electric Power exceeds profit expectations, expects minimal tariff impacts

American Electric Power, which has benefited from increased demand from commercial clients, beat Wall Street expectations for its first-quarter profits on Tuesday. It also said that tariffs...

United Arab Emirates
May 6, 2025

Sources say ADNOC is set to receive unconditional EU antitrust approval for Covestro.

Two people with direct knowledge said that the Abu Dhabi state oil company ADNOC will receive unconditional EU antitrust approval in its $16.6 billion acquisition of German...

Ireland
May 6, 2025

Argentex's collapse on untested currency swings: from rebound to rescue

Argentex’s chief executive Jim Ormonde, and its chief financial officer Guy Rudolph bought shares of the London-listed forex broker in early April as the stock recovered from...

United Kingdom
May 6, 2025

Attenborough's new film shows both destruction and hope for the oceans of our planet

In a new documentary premiering on Tuesday, British naturalist David Attenborough said there was hope for the future health of our oceans. The film shows the extent...

United Kingdom
May 6, 2025

Copper boosted by weaker dollar and focus on tariff tensions

The dollar eased on Tuesday, but the impact of a slowdown in global demand and growth due to U.S. tariffs on imports and the trade war between...

United States
May 6, 2025

Marathon Petroleum, a top US refiner, suffers a quarterly loss due to lower margins

Marathon Petroleum reported a loss for the first quarter. The company is the latest U.S. refining firm to be hit by reduced margins in a period of...

United States
May 6, 2025

Duke Energy's electricity rates beat quarterly estimates

Duke Energy beat Wall Street's expectations on Tuesday for revenue and profit in the first quarter, thanks to higher electricity prices, increased retail sales, and a colder...

United States
May 6, 2025

Ball Corp. raises its profit forecast due to a resilient aluminum packaging market and cost control

Ball Corp, a manufacturer of aluminum cans, raised its profit forecast for the year after exceeding analysts' expectations in the first quarter. The company attributed this to...

China
May 6, 2025

EU legislators set to accelerate softer CO2 emissions targets for cars

The European Parliament has cleared the way for a rapid approval of EU CO2 emission targets for cars and vans, which will give automakers more time and...

France
May 6, 2025

After a last-minute appeal, the Czech court has halted the signing of a nuclear agreement with KHNP.

The court ruled on Tuesday that a Czech court had blocked a subsidiary CEZ, the main electricity company in the Czech Republic, from signing a contract worth...

Power Markets
May 6, 2025

Spot prices increase on forecast of cooler weather and less wind

The cool weather on Tuesday pushed up the price of European prompt electricity, with little temperature increase expected for the remainder of the week. Wind power supply...

United States
May 6, 2025

Canadian companies shift their focus from the US to other markets as Trump tariffs take effect

A pharmaceutical manufacturer is searching for new partners in Asia. Steel component makers with long-standing clients in the United States are warning their customers that they can...

United States
May 6, 2025

UK new car sales fall in April due to low consumer confidence

Data from the industry showed that British new car registrations dropped more than 10% in April compared to last year, with Tesla suffering a 62% drop. The...

Bahrain
May 6, 2025

Bahrain's economy grows by 3.4% in the fourth quarter, driven by non-oil growth

The finance ministry reported on Tuesday that the economy of Bahrain grew by 3.4% compared to the same period a year ago. Data from the Information and...

United Kingdom
May 6, 2025

Gold reaches 2-week high as demand for safe-haven assets increases, Fed meeting in focus

Tuesday's gold prices reached a new two-week-high, as Trump's tariff threats boosted demand for the metal. The Federal Reserve also made a policy announcement this week, which...

Japan
May 6, 2025

Dollar slips as stocks fall on lack of progress in trade

The dollar fell against other major currencies on Tuesday as worries about tariffs and the impact they have on the economy continued to linger. Meanwhile, the focus...

India
May 6, 2025

Document shows that India has advanced hydro-projects in Kashmir after terminating the pact with Pakistan

According to a government and industry source, India has accelerated the start of four hydropower projects under construction in the Kashmir area by several months. This is...

Kuwait
May 6, 2025

The Gulf countries benefit from higher oil prices before Fed policy

The major Gulf stock markets rose early on Tuesday as a result of a rise in oil prices. Investors were also awaiting the Federal Reserve's meeting to...

United States
May 6, 2025

EU is preparing its response to the US tariffs expansion by keeping all options open

Maros Séfcovic, European Trade Commissioner, said that the European Union is prepared to counter the numerous U.S. Tariffs on EU Imports during President Donald Trump’s 90-day pause....

Germany
May 6, 2025

Uniper, a German company, has recovered more claims from Gazprom.

Uniper said Tuesday that it had recovered more claims from former Gazprom main supplier during the first quarter. This is the latest update in the ongoing legal...

United Arab Emirates
May 6, 2025

Chemical manufacturer Covestro reduces its profit forecast for 2025 and plans to increase local production

Covestro, a German chemical company, cut its core profit forecast for 2025 on Tuesday and announced that it would continue to produce in the same area as...

South Asia
May 6, 2025

India's April Diesel Exports are likely to have reached the lowest level for over a decade.

Analysts and trade sources said that India's diesel imports in April likely reached their lowest level for over a decade as Reliance, a major exporter, cut refinery...

Oil & Gas Refining
May 6, 2025

Data shows that the price of oil in Russia is at a two-year low and 40% below the budgeted amount.

Data showed that the price of oil in Russia in roubles had fallen to its lowest level in two years, below the 4,000-rouble mark per barrel, and...

China
May 6, 2025

Dalian iron ore prices flatten as China's data is weakened by hopes for a Sino-US trade agreement

Dalian iron-ore futures were unchanged on Tuesday as investors weighed the hopes that trade tensions between China and the United States would ease against disappointing Chinese economic...

United Kingdom
May 6, 2025

Ghana Joint Venture talks halted by AngloGold Ashanti and Gold Fields

AngloGold Ashanti, Gold Fields and the Ghanaian government have agreed to suspend talks on merging their two mines, Iduapriem and Tarkwa, which are adjacent. The companies announced...

Denmark
May 6, 2025

Vestas, a manufacturer of wind turbines, has a swing in operating profit

Vestas, a manufacturer of wind turbines, reported an unexpected operating loss for the first three months, contrary to analyst predictions. Its outlook for the entire year remained...