Latest news

Wind Farms
Apr 16, 2025

Fugro Cuts Jobs and Scales Back US Operations

Dutch geodata firm Fugro on Tuesday said it started reducing its U.S. workforce and scaling back operations there after warning its sales and earnings would miss earlier...

Oil & Gas
Apr 16, 2025

Spat Delays Dismantling of FPSO in Brazil

A dispute between state-run oil company Petrobras and steelmaker Gerdau will delay the first dismantling of an oil production vessel in Brazil by at least a year,...

Australia
Apr 15, 2025

Ampol's refinery profit for the first quarter of 2009 has been cut in half amid a global recession

Ampol, Australia's largest fuel retailer, reported on Wednesday a drop of 49% in its first-quarter refinery margins at its Lytton Refinery in Queensland. The company cited a...

United States
Apr 15, 2025

US judge blocks Trump’s freeze on climate and infrastructure grants

The U.S. Judge who blocked President Donald Trump On Tuesday, the administration of former president Joe Biden froze billions of dollars of grants that Congress had authorized...

Brazil
Apr 15, 2025

Vale's iron ore production in Brazil fell 4.5% during the first quarter

The Brazilian miner Vale reported that it produced 67.7 millions metric tons (tonnage) of iron during the first quarter 2025. This is a 4.5% decrease from the...

United States
Apr 15, 2025

Impossible Metals, a deep-sea mining company, seeks a mining lease near American Samoa

Impossible Metals, a deep-sea miner, said Tuesday that it had asked U.S. Federal officials to launch an auction to gain access to nickel, cobalt and critical minerals...

United States
Apr 15, 2025

White House: China is the main player in trade negotiations

Karoline L. Leavitt, White House Press Secretary, said that President Donald Trump was open to a deal with China. However Beijing must make the first move. Leavitt...

United States
Apr 15, 2025

Trump exempts coal plants from mercury and air toxics limitations

According to the Environmental Protection Agency's list published on Tuesday, the Trump administration has granted exemptions to 47 companies for two years from regulations that limit mercury...

Brazil
Apr 15, 2025

In a case involving money laundering and Odebrecht, a Peruvian court has sentenced ex-President Humala to prison

The Peruvian Court sentenced Ollanta Humala, the former president of Peru, to 15 years behind bars for illegally receiving campaign funds from a Brazilian company. He is...

United States
Apr 15, 2025

Sheinbaum: Mexico is negotiating with its northern states in order to send more water to the US.

Mexico's federal and state governments are negotiating to send more water from their northern states to the United States. This comes after President Donald Trump threatened tariffs...

United States
Apr 15, 2025

NOPA US soybean crush in March is 194,551 million bushels below most estimates

According to data released by the National Oilseed Processors Association on Tuesday, U.S. soybean crushing in March was below most estimates. The industry's daily average processing rate...

Peru
Apr 15, 2025

Chile, Canada, and Peru respond to Trump's copper tariff probe

Three of the top copper suppliers in the United States have told the administration of President Donald Trump that the imports do not pose a threat to...

Africa
Apr 15, 2025

Nigeria prepares a petroleum product stockpile in order to combat global supply shocks

The Nigerian petroleum products regulator announced at a Tuesday press conference that the country plans to create a strategic national stockpile of petroleum products this year in...

United States
Apr 15, 2025

Austrian banker loses battle against extradition to US for money laundering charges

London's High Court on Tuesday ruled that the former CEO of an Austrian Bank can be extradited back to the United States for money laundering charges related...

United States
Apr 15, 2025

Chile pushes back against Trump copper tariff probe

The Chilean government wrote to President Donald Trump’s administration informing them that the copper imports from Chile - the largest supplier of metal to the United States...

Africa
Apr 15, 2025

B2Gold will cut 300 jobs from Namibia in this year

B2Gold, a Canadian gold mining firm, plans to reduce 300 jobs in Namibia by the end of this year. The company will continue its phased downscaling at...

Italy
Apr 15, 2025

Stellantis Chairman: US tariffs and EU rules put auto industry at risk

John Elkann, Chairman of Stellantis, said on Tuesday that the U.S. Tariffs and strict European Union emission standards put automakers in danger at a time they are...

Africa
Apr 15, 2025

Mali closes Barrick Gold Bamako's office due to alleged non-payment taxes

Two sources familiar with the situation have confirmed that the Malian authorities closed the Canadian miner Barrick Gold’s office in Bamako due to alleged non-payments of taxes....

China
Apr 15, 2025

Russell: China's Q1 imports of key commodities were weak, but outlook is mixed.

China's imports were low in the first quarter. The challenge is to determine whether this was due to temporary factors, or a deeper economic malaise. In the...

China
Apr 15, 2025

HSBC lowers Brent forecasts due to trade tensions and sluggish demand for oil

HSBC reduced its Brent crude forecast on Tuesday. It cited rising trade tensions as well as an expected decrease in global oil consumption. The Bank cut its...

Iran
Apr 15, 2025

India's sugar industry and government clash over jute bags

India, which is the largest sugar consumer in the world, has seen the federal government and jute bag producers go to court over an issue that has...

United Kingdom
Apr 15, 2025

Oil prices drop after IEA reduces demand outlook

The oil prices fell on Tuesday, after the International Energy Agency (IEA) followed OPEC and lowered its oil demand projection. However, price drops were limited by President...

South Asia
Apr 15, 2025

India will receive monsoon rainfall above average in 2025

The government of India said that India will likely receive above-average rains during the monsoon season in 2025. This raises expectations for higher economic and farm growth...

United Kingdom
Apr 15, 2025

Copper prices fall on confusion about tariffs and growth

After three sessions of gains, copper prices fell on Tuesday due to uncertainty over tariffs imposed by U.S. president Donald Trump and their impact on the global...

South Asia
Apr 15, 2025

Official: India will pursue trade liberalisation with US

India's Trade Secretary said that the country has decided to follow a path towards trade liberalisation, and the two countries have signed the terms of reference of...

Poland
Apr 15, 2025

Polish PM urges energy companies to prioritize cheap power

The Polish energy companies should focus on providing low-cost power over maximising profits. This was the message of Prime Minister Donald Tusk, who echoed a call to...

Fossil Fuels
Apr 15, 2025

IEA and OPEC both cut their oil demand forecasts for 2025 due to trade tensions

The International Energy Agency has cut its projection for global oil demand growth this year. It cited escalating tensions in trade, a day following a similar move...

United States
Apr 15, 2025

Microsoft announces a large carbon removal agreement to support AtmosClear Louisiana project

Microsoft announced on Tuesday that it had signed a contract in Louisiana for a project which would remove 6,75 million metric tonnes of carbon dioxide within 15...

United Kingdom
Apr 15, 2025

UK energy regulator confirms electricity grid reforms

The government has said that the energy regulator in Britain is expected to announce major grid connection reforms on Tuesday to encourage investment in clean energy projects...

Pakistan
Apr 15, 2025

Sources say that Pakistan is considering US oil imports as a way to reduce the trade imbalance.

According to a source involved in the proposal as well as a refinery executive, Pakistan may import crude oil for the first to time from the United...

Kuwait
Apr 15, 2025

Kuna reports that Kuwait has begun the merger of KNPC and KIPIC state oil companies.

Kuwait is taking steps to merge its two state-owned oil companies, reported the news agency Kuna on Tuesday. The OPEC producer wants to restructure their energy industry....

Climate Change
Apr 15, 2025

Banks vote for loosening climate coalition membership requirements

Chair of the world's largest bank coalition, which is working to combat climate change, has announced that it will be removing some of the more strict membership...

Kazakhstan
Apr 15, 2025

IEA: Russia's oil export revenues down 21% y/y in March

The International Energy Agency reported on Tuesday that the revenue Russia received from crude oil sales and oil products fell by 21% compared to a year ago,...

Saudi Arabia
Apr 15, 2025

Saudi Arabia could soon be a motor racing team owner

According to the chairman the Saudi Arabian Automobile and Motorcycle Federation, after sponsoring and hosting a Grand Prix, Saudi Arabia could own a Formula One Team. Prince...

Hong Kong
Apr 15, 2025

Bonds hold steady, shares gain on tariff relief

Asia shares rose Tuesday, but futures showed weakness in Europe and America after President Donald Trump said he could grant exemptions to auto-related tariffs. U.S. Treasury Bonds...

South Asia
Apr 15, 2025

Indian auto stocks rise 3% after Trump announces tariff exemptions

India's auto stocks jumped over 3% on Monday and were on track for their best day in January after U.S. president Donald Trump suggested that he may...

Oil & Gas
Apr 15, 2025

BP, Chevron Make Deepwater Oil Discovery in Gulf of America

BP and its partner Chevron have made an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America.BP drilled the exploration well in...

China
Apr 15, 2025

Market for iron ore consolidates while it awaits China data

Investors and traders waited for more economic data to be released by China, the world's largest consumer of iron ore. This would provide clarity on demand and...

United Kingdom
Apr 15, 2025

Gold prices rise as US tariffs cause uncertainty in the markets

The price of gold rose on Tuesday, despite the uncertainty surrounding President Donald Trump's proposed tariffs and their effect on the global economic climate. As of 0245...

China
Apr 15, 2025

LME copper firms rely on US tariff relief, China stimulus bets

London copper prices rose on Tuesday. They held near the highs of the previous session. This was due to recent U.S. exemptions from tariffs, and the optimism...

Taiwan
Apr 14, 2025

Asia shares are up, but bonds remain steady despite some tariff relief

Asia shares were slightly higher on Monday, with gains made by automakers after U.S. president Donald Trump said he may grant exemptions to auto-related taxes already in...

Climate Change
Apr 14, 2025

Scientists say that in 2024 Europe experienced the most extensive floods over a period of more than 10 years.

Scientists said that Europe experienced its worst flooding since 2013 last year, with 30 percent of the continent's rivers being affected by major floods. Climate change caused...

United States
Apr 14, 2025

LME copper gains from relief of US tariffs and China stimulus

London copper prices rose on Tuesday. They remained close to the highs of the previous session. Recent exemptions from U.S. duties and the hope for further stimulus...

Australia
Apr 14, 2025

Australian shares rise as energy and mining firms outweigh consumer weakness

The Australian share market posted marginal gains Tuesday, supported mainly by energy stocks and mining companies. However, the gains were limited, as consumer discretionary firms suffered due...

United Kingdom
Apr 14, 2025

Prices of oil rise due to potential US exemptions from tariffs on automobiles, and a pickup in crude imports from China

The oil prices rose in the early hours of trading on Tuesday. This was due to new tariff exemptions proposed by President Donald Trump, and an increase...

China
Apr 14, 2025

Russell: China's Q1 imports of key commodities were weak, but outlook is mixed.

China's imports were low in the first quarter. The challenge is to determine whether this was due to temporary factors, or a deeper economic malaise. In the...

England
Apr 14, 2025

Britain secures fuel shipment for its last steel blast-furnaces

After securing fuel, Britain announced on Tuesday that it would be able to keep its last steel blast furnaces running for the next few months. This is...

Brazil
Apr 14, 2025

Industry group: Declining prices make it possible for Brazil to increase biodiesel blend from 10% to 15%

Daniel Amaral of the oilseed industry group Abiove said that the decline in vegetable oil prices has cleared the way for Brazil's mandatory biodiesel mix into diesel...

United States
Apr 14, 2025

Trump Administration cancels $3 billion climate-friendly agriculture program

After a review, the U.S. Department of Agriculture announced that it has canceled a program worth $3 billion for climate-smart agriculture projects. The program did not match...

Taiwan
Apr 14, 2025

Trump's trade tariffs and threats

The global trade war sparked by U.S. president Donald Trump has intensified. He increased tariffs against China, while reversing sweeping duties on most trading partners. This stoked...