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. […]
Iran war pushes Germany’s deficit to 4.2% as growth outlook is cut by 50%.
The Iran war is hitting the German economy at the worst possible time. Having only just fought its way out of a […]
Malawi joins South Africa and DRC as Africa’s rare earth powerhouse with $100 million investment by Australian miner.
This substantial investment will enable Malawi to join the ranks of South Africa and the Democratic Republic of Congo (DRC) as one […]