ADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap Project.
The national oil company of the United Arab Emirates, ADNOC, has signed agreements with BP and TotalEnergies to let the European oil […]
China has record foreign investment outflow as US$168 billion exit.
CHINA saw record outflows of foreign direct investment (FDI) last year, an exodus that threatens to persist after the resumption of a […]
SK Hynix surpasses Samsung to become South Korea’s most valuable company as AI memory demand reshapes the semiconductor hierarchy.
Samsung’s 26-year run as South Korea’s most valuable listed company is over, at least for now. SK Hynix took the crown on […]
China targets US rare earth and other firms with export controls.
China added MP Materials and USA Rare Earth, as well as eight other US entities it said are linked to the US military to its […]
Brent falls after US-Iran talks conclude in Switzerland.
Brent crude prices slid on Monday after US-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and […]
Shipping stalls in Strait of Hormuz after Iran declares key waterway shut.
Shipping in the Strait of Hormuz has plunged following Iran’s announcement that it has closed the waterway once again over Israel’s strikes […]
Equinor to Boost Troll Gas Output with $412 Million Subsea Development.
Equinor and its partners in the Troll gas field have decided to invest more than $400 million in a new subsea development […]
Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough.
Morgan Stanley and Goldman Sachs cut their forecast for oil prices towards the end of the year and 2027 following developments in […]
Oil sinks as US-Iran deal boosts outlook for reopening of Hormuz.
Oil sank after the US and Iran agreed to an interim deal to end their months-long war, potentially allowing the Strait of […]
Oil Prices Plunge as U.S. and Iran Reach Deal to Reopen Strait of Hormuz.
Oil prices plunged in early Monday trading in Asia after the U.S. and Iran announced a deal to reopen the Strait of […]
Global growth is slowing to lowest level since pandemic, says World Bank.
Global economic growth will slow to 2.5% this year as a result of the war in the Middle East – the weakest […]
Trump administration amends Venezuela licenses to boost US investment in oil sector.
The US government just rolled out the welcome mat for oil companies eyeing Venezuela’s vast crude reserves, but the mat comes with […]