Latest news

China
Jun 20, 2025

LME introduces new restrictions for holders of large positions

London Metal Exchange announced on Friday that it has placed new restrictions on large position holders in nearby contracts due to low inventories. LME took action when...

United Kingdom
Jun 20, 2025

Reports from FT suggest that UK's Thames Water could be required to restate its accounts

The Financial Times reported that Britain's Thames Water could be required to restate their financial accounts for the period ended March 2024. This would mark another possible...

Israel
Jun 20, 2025

Putin: No need for OPEC+ intervention in the oil market because of Iran-Israel conflict

Vladimir Putin, the Russian president, said that the conflict between Iran & Israel had not caused oil prices to rise significantly. He also stated that the OPEC+...

United Kingdom
Jun 20, 2025

The US refinery capacity will grow to 18,4 million bpd by 2024

The U.S. Energy Information Administration reported on Friday that the capacity of U.S. refineries to process crude oil will increase by almost 40,000 barrels a day in...

Scandinavia
Jun 20, 2025

Moscow promises to closely supervise foreign businesses returning to Russia

Igor Krasnov is the Russian Prosecutor-General, who led the government's effort to seize property valued at 2.4 trillion rubles ($31 billion). He said that foreign companies returning...

China
Jun 20, 2025

Sources say that Congo is considering extending the cobalt export prohibition as it considers quotas.

Sources familiar with the discussion say that the Democratic Republic of Congo may extend its ban on cobalt exports as it looks at how to implement quotas...

Central Asia
Jun 20, 2025

Rosatom will explore the construction of a high-capacity reactor in Uzbekistan

Rosatom, the state-owned nuclear corporation of Russia, signed a deal with Uzbekistan’s Atomic Energy Agency on Friday to examine the feasibility and cost of building a nuclear...

Africa
Jun 20, 2025

Brazil will push for climate targets from local governments and corporations at the COP30

Brazil, the COP30 President, proposed on Friday that pledges of emissions reductions be expanded to include companies, states and cities. This was to bolster climate efforts after...

United States
Jun 20, 2025

Senate rejects Republican attempt to reverse Biden Vehicle Rules

The Senate Parliamentarian ruled that Senate Republicans could not use a fast track procedure to overturn historic rules aimed at reducing vehicle tailpipe emissions drastically and boosting...

Brazil
Jun 20, 2025

Soy farmers destroy Amazon despite a deforestation agreement with global traders

Brazilian soy farmers have been pushing deeper into the Amazon rainforest in order to plant more crops. This puts pressure on an historic deal signed 20 years...

Luxembourg
Jun 20, 2025

ArcelorMittal signs agreement to sell its iron ore and steel mill in Bosnia

ArcelorMittal is the second largest steelmaker in the world. It announced on Friday that it had signed a contract to sell its operations, which include a steel...

United States
Jun 20, 2025

Fuel producers can challenge California emission standards in US Supreme Court

The U.S. Supreme Court agreed on Friday that the legal challenge against California's vehicle emission standards and electric cars, under a federal law on air pollution, should...

United States
Jun 20, 2025

Fuel producers can challenge California emission standards in US Supreme Court

The U.S. Supreme Court agreed on Friday that the legal challenge against California's vehicle emission standards and electric cars, under a federal law on air pollution, should...

United Kingdom
Jun 20, 2025

The Financial Times reports that Apollo will fund $6 billion of the UK's Hinkley Point Nuclear Project.

The Financial Times reported Friday that the U.S. private-equity group Apollo Global would provide 4.5 billion pounds (6.08 billion dollars) of financing to help Britain complete its...

China
Jun 20, 2025

Andy Home: Copper smelters face both market and price crises

Copper smelters have become so desperate for raw materials that they pay miners to convert their concentrates into refined copper. The so-called treatment-and-refining-charges (TCRC) are supposed to...

South Asia
Jun 20, 2025

Pakistan signs $4.5 Billion Loans with Local Banks to Reduce Power Sector Debt

Officials from the Pakistani government announced on Friday that 18 commercial banks had signed term sheets for an Islamic finance facility worth 1.275 trillion Pakistani Rupees ($4.50...

Japan
Jun 20, 2025

Oil plunges and stocks rise after Trump Middle East pause

The stock markets rose on Friday, while oil was headed for its largest daily drop since April as President Donald Trump delayed a decision about U.S. involvement...

Canada
Jun 20, 2025

Teck Resources aims to boost output for metal-metal germanium chipmaking

Doug Brown, Teck Resources' VP of communications and government affairs, explained that the company is looking at options to increase production of germanium. This metal is crucial...

South Asia
Jun 20, 2025

Pakistan signs $4.5 Billion Loans with Local Banks to Reduce Power Sector Debt

The power minister announced on Friday that Pakistan had signed a term sheet with 18 commercial bankers for a 1,275 trillion rupees ($4.50 billion), Islamic finance facility,...

Italy
Jun 20, 2025

Unions claim that Eni, Italy's oil company, is looking to create a new unit for managing refineries.

Two unions have said that Eni plans to create a new company in Italy focused on a number of assets, including oil refineries and fuel storage facilities....

Luxembourg
Jun 20, 2025

ArcelorMittal abandons plans to produce green steel in Germany because of high energy costs

ArcelorMittal said that the energy costs in Germany were too high to allow it to convert its two German plants to carbon-neutral production. The German industrial sector...

Peru
Jun 20, 2025

Mercury poisoning in Peru’s Amazon region threatens health catastrophe

Loreto, Peru: Illegal gold mining pollutes the region Nearly 80 percent of the population has mercury levels that are unsafe Most at risk are pregnant women and...

Myanmar
Jun 20, 2025

Russia signs an investment agreement with Myanmar and sees offshore oil prospects

The Russian government signed an agreement on Friday with Myanmar that could provide new opportunities to Russian energy companies operating in the country. After signing the agreement...

South Asia
Jun 20, 2025

Palm oil gains for the sixth week in a row, and is at its highest level since two months.

Malaysian palm oils futures closed higher on Friday. This was the sixth weekly gain in a row, despite a weak demand for palm oil in major markets....

Oil & Gas
Jun 20, 2025

Finance Ministry: Russian energy, transportation, and finance companies are among the candidates for privatisation

The Russian state-owned energy, transport, and financial sectors are among those that will be privatised, said Finance Minister Anton Siluanov on Friday as Moscow sought to raise...

Africa
Jun 20, 2025

Ministry: Armed men on motorbikes killed 34 Niger soldiers

The Defence Ministry reported that several hundred armed men, including many riding motorbikes, attacked an army base in Niger near the Mali border, killing at least 34...

United Kingdom
Jun 20, 2025

Oil prices fall, but stocks rise after Trump's Middle East pause

The stock markets rose on Friday, while oil was close to its largest daily decline since April as President Donald Trump delayed a decision about U.S. involvement...

Brazil
Jun 20, 2025

The corporate agreement that protects the Amazon from soy agriculture is starting to crack

Brazilian soy farmers have been pushing deeper into the Amazon rainforest in order to plant more crops. This puts pressure on an historic deal signed 20 years...

United States
Jun 20, 2025

Copper falls to a one-week low due to geopolitical and tariff uncertainty

The copper price fell for the fourth consecutive session on Friday, and reached its lowest level in a full week due to uncertainty about the Middle East...

Germany
Jun 20, 2025

ArcelorMittal abandons plans to produce green steel in Germany because of high energy costs

ArcelorMittal said that the energy costs in Germany were too high to allow it to convert its two German plants to carbon-neutral production. The German industrial sector...

Oman
Jun 20, 2025

What is the risk of nuclear contamination from Israel's attack on Iran?

Experts say that Israel's attacks on Iran's nucleonic installations have so far only posed limited contamination risks. They warn, however, that an attack on Iran's Bushehr nuclear...

Environment
Jun 20, 2025

Scientists in Croatia are working to protect Posidonia seagrass

Scientists on the Croatian island of Dugi Otok in the Adriatic Sea have conducted a dive mission to assess damage caused by human activity. They are demanding...

Greece
Jun 20, 2025

Libya objects to Greek tenders for hydrocarbon exploration offshore Crete

Libya's internationally recognized government of national unification has objected Greece's approval for an international tender to explore hydrocarbons off the island Crete. It said that some of...

France
Jun 20, 2025

Next week, nuclear production will be affected by high temperatures in the French River

Nuclear operator EDF announced in a Friday notice that high water temperatures will affect electricity production along the Rhone River in eastern France starting June 25. This...

United Kingdom
Jun 20, 2025

Copper prices fall on geopolitical unrest

Investors were cautious as they watched the conflict between Israel and Iran. Israel attacked nuclear targets in Iran on Thursday. Iran then fired missiles and drones into...

United Kingdom
Jun 20, 2025

Oil prices on the rise as tensions in the Middle East flare

Brent crude oil has risen by around 20% in June and is set to make its biggest monthly increase since 2020, as tensions between Israel/Iran flare up....

China
Jun 20, 2025

Dalian iron ore is near flat this week due to China's resilient demand and property woes

The prices of Dalian Iron Ore Futures rose on Friday but remained nearly flat for the entire week, as investors balanced the resilient demand for steelmaking ingredients...

Japan
Jun 20, 2025

ASIA GOLD-Gold prices in India are falling as India's discounting shrinks; China's premiums also slip

This week, physical gold dealers in India reduced their discounts as a slight drop in prices in India supported the demand. Premiums in China, the top consumer...

Japan
Jun 20, 2025

Stellantis and Renault fear China's rivals in the small car market, and lobby EU for less rules

Stellantis, a French company, and Renault, a Chinese automaker, are pushing for fewer safety features in small cars, which would make them more affordable. In the past...

China
Jun 20, 2025

Brent falls as Trump considers military action against Iran

Asian shares rose on Friday, as investors were relieved that the threat of an imminent U.S. strike on Iran had been averted for the time being. This...

Indonesia
Jun 20, 2025

Palm oil prices fall on low demand, but set to rise for the sixth consecutive weekly gain

The price of Malaysian palm oils futures dropped on Friday, due to weak demand from key markets. However, the contract was still set to gain for a...

Netherlands
Jun 20, 2025

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ArcelorMittal ArcelorMittal, a German steelmaker, has dropped...

Italy
Jun 20, 2025

Morning bid Europe-markets can breathe easier after Trump's hedging on Iran

Stella Qiu gives us a look at what the future holds for European and global markets. Donald Trump has said that we might need to wait another...

Japan
Jun 20, 2025

Oil, tariffs and war tear apart the central bank's roadmap

Investors are becoming more uneasy about the uncertain economic environment. The shock rate reduction in Norway on Thursday highlighted how U.S. Tariffs, Middle East conflict, and a...

Oil & Gas
Jun 20, 2025

ConocoPhillips Confirms Oil Discovery off Norway

ConocoPhillips Skandinavia, a subsidiary of U.S. energy major ConocoPhillips, has completed the drilling of an appraisal well in the Norwegian Sea, confirming the previously made oil discovery.ConocoPhillips...

United Kingdom
Jun 20, 2025

Gold prices fall by a weekly average as Fed rate cuts are less likely

Gold prices dropped on Friday, and are on course for a weekly drop as a stronger dollar and the prospect that the U.S. will not be cutting...

United Kingdom
Jun 20, 2025

Brent futures are down by nearly $2 as the U.S. delays its decision on direct Iran participation

Brent crude prices lost ground from their previous session on Friday, falling nearly $2 after the White House deferred a decision about U.S. participation in the Israel-Iran...

China
Jun 20, 2025

Dalian Iron Ore to see weekly gains due to resilient China demand

The prices of Dalian Iron Ore Futures rose on Friday, and are poised to make modest gains for the week on a resilient demand in China for...

China
Jun 20, 2025

Copper prices are soaring on the back of geopolitical unrest

On Friday, the most traded copper contracts on the Shanghai Futures Exchange (SFE) and London Metals Exchange (LME) were in a range as the market sentiment was...

China
Jun 19, 2025

Oil prices rise for the third week in a row as Trump considers US action against Iran

On Friday, the Asian share markets struggled to find direction as fears of an attack by the United States on Iran hung in air. Meanwhile, oil prices...