Saudi Arabia says key pipeline, energy facilities restored after attacks.
Saudi Arabia’s Energy Ministry said on Sunday that its key East-West oil pipeline and other facilities had been restored and regained capacity following […]
JP Morgan Warns Oil Could Hit $120 if Hormuz Stalemate Drags Into July.
Oil prices could spike and hit again their peak Iran-war levels at nearly $120 per barrel if a full recovery of vessel traffic […]
Global gold accumulation hits about $2 billion as African central banks join buying wave.
The uptick marks a rebound from January’s slowdown and reflects a sustained push toward reserve diversification. Global gold demand from central banks remains […]
Egypt and Russia race to build a $30 billion nuclear project.
During a meeting between Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, and Nikolai Shulginov, Chairman of the Russian Duma Committee […]
China’s Teapot Refiners Rush to Secure Iranian Crude as Oil Prices Slide.
China’s independent refiners are looking for prompt Iranian crude cargos after Beijing issued the latest batch of quotas for oil imports and […]
US oil giant nears a $10 billion investment decision with Africa’s largest oil producer.
The company first touted the deal back in September 2024, following a meeting in New York between some of its executives and […]
Angola’s first gold refinery to start operations as it pushes beyond oil and diamonds.
The refinery, located in Viana near Luanda, has a processing capacity of about 20 kilograms per day. Construction and equipment installation have […]
The US refinery now processing Venezuelan oil.
The Minerva Gloria is docked at a wharf in the Mississippi Sound, not far from the US’s vast oil reserves in the […]
European Gas Futures Jump 3% as Trump’s Iran Strike Deadline Nears
European natural gas futures opened higher on Tuesday as markets are awaiting developments in Iran after U.S. President Donald Trump threatened escalation […]
Africa’s largest uranium producer, Namibia, unveils new high-grade critical mineral site.
The results highlight strong tin, lithium, tantalum, and rubidium along a 2.2-kilometre pegmatite trend, supporting potential resource definition and future mining development. These minerals […]
JP Morgan Sees $150 Oil if Hormuz Remains Closed Through Mid-May.
Oil prices could top $150 per barrel if energy flows through the Strait of Hormuz remain disrupted through the middle of May, […]
Iran and Oman drafting protocol to ‘monitor’ Hormuz Strait traffic: IRNA
Iran and Oman are drafting a protocol to “monitor transit” through the Strait of Hormuz, Iranian state news agency IRNA reported Thursday morning, citing an official. […]