Copper consolidates after strongest week since May
Copper consolidated above US$14,000 on Monday after posting its strongest weekly gain since May, as concerns that the Democratic Republic of Congo’s […]
Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027
Citi has raised its third-quarter Brent crude forecast to $80 per barrel from $75 as the U.S.-Iran war drags on and repeated […]
ADNOC Gas Unveils $8.2 Billion Expansion Push
ADNOC Gas, the gas business of the Emirati energy major, will spend more than $8 billion on its Rich Gas Development project, […]
Saudi oil tankers are disguising their destinations by signalling Egypt and the Suez Canal instead of home ports to avoid Houthi attacks
Tankers entering the Red Sea to load Saudi oil are signalling Egypt and the Suez Canal as their destinations instead of Saudi […]
India eyes Venezuela blocks operatorship; regains Russia’s Sakhalin-1 stake
State-run ONGC, through its overseas investment arm ONGC Videsh, holds a 40% stake in the San Cristobal field and, along with other […]
US dollar weakens sharply against the Japanese yen after market interventions
The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan’s finance minister confirmed both sides […]
Saudi Arabia eyes 25-year Cape Town port concession as Gulf investment in Africa’s logistics sector gathers pace
Saudi Arabian ports operator Red Sea Gateway Terminal (RSGT) is considering bidding for a 25-year concession to refurbish and operate a terminal […]
Libya moves closer to 2 million barrels a day as US-backed budget opens Africa’s largest crude reserves to American firms
Libya is moving closer to its goal of producing 2 million barrels of oil per day by the start of the next […]
Chinese mining giants hit back at claims their cobalt contains excessive uranium after DR Congo bars them from exporting copper and cobalt concentrates
The Union of Chinese-Capital Mining Companies in the DRC, known by its French acronym USMCC, has rejected allegations that cobalt products from […]
Angola Confirms New Offshore Oil and Gas Reserves With Katambi-2 Well
Angola’s state-owned oil firm Sonangol and its partner in an exploration block offshore Angola, ANPG, successfully drilled an appraisal well that showed […]
Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal
Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move more tankers […]
Kenya seeks $450 million World Bank lifeline as Iran war and El Niño threaten its economy
Kenya is seeking about $450 million in emergency financing from the World Bank to shield its economy from mounting external shocks, including […]