Colombia asks Glencore to talk with the locals about the closure of Cerrejon coal mining
The Ministry of Mines and Energy in Colombia said that it would ask Glencore to hold a meeting with the authorities of La Guajira, a northern province, as well as community representatives…
Diamondback Bets on Wider WTI-Brent Gap amid US Export Ban Concerns
Diamondback Energy, a U.S. oil producer, bought options in order to sell the difference between U.S. West Texas Intermediate crude and Brent crude, traded globally, at around minus 42 dollars a barrel…
UAE equity prices ease amid renewed Gulf tensions
The stock markets of the United Arab Emirates ended lower on Friday as renewed clashes between Iran and the U.S. near the Strait of Hormuz affected investor sentiment. U.S.
Sources say that Rio Tinto is considering raising stakes in the Los Azules copper mine project in Argentina.
Rio Tinto has been evaluating the potential economic impact of McEwen Copper’s Los Azules giant project in Argentina, as the mining group is considering increasing its 17.2% share in the development.
Freeport Indonesia delays full production resume until 2028.
Freeport Indonesia has adjusted its "production recovery" -schedule for the Grasberg Block Cave underground copper mine (GBC), a spokesperson said on Friday. The mine is now…
Copper hits three-month peak on reports of longer Grasberg Recovery
After a report pointing to a slight delay?in the recovery of production 'at the Grasberg Mine in - - -,?tightening expectations about supply. At 0915 GMT, the benchmark three…
Sources say that BP CEO told staff in June to expect a reorganisation of the company.
Three sources said that BP CEO Meg O'Neill notified staff of a reorganization?into 'two main business unit' - upstream & downstream - starting in June. BP announced in April…
Energy minister: Serbia is not satisfied with the MOL refinery acquisition talks.
Serbia's energy ministry said that it was not happy with the Hungarian oil company MOL’s 'proposals' for the purchase of NIS, its only'refinery', and whose Russian owners want to sell their majority stake.
Eni's Geliga-1 discovery has strong test results off Indonesia
Eni, the Italian energy company, announced on Thursday that its Geliga-1 gas find?offshore Indonesia had produced strong test results. These confirmed high reservoir productivity…
Americold and EQT form joint venture for cold storage
Americold Realty Trust announced on Thursday that it 'has formed a joint... venture... with investment firm EQT Active Core Infrastructure.... fund. This joint venture will.. focus on cold storage.. warehouses in..
Canadian Natural exceeds profit expectations on higher oil production
Canadian Natural Resources, the nation's largest oil-and-gas?producer exceeded expectations for its first quarter profit on Thursday. This was fueled by higher production of?its…
Even if the conflict ends, oil supply shock will worsen due to further decline in inventories
Even if U.S.-Iran reach a peaceful agreement to end their war, oil supplies will tighten in the coming weeks. It will take weeks before oil shipments from the Middle East Gulf…
Shell's profits beat expectations by $6.9 billion and raise dividends by 5%
Shell's first-quarter profit surpassed estimates on Thursday and reached its highest level in two years, at $6.9billion, thanks to gains related to the Middle East War. This…
The Iranian war has forced DNO to shut down its Iraqi Kurdistan Oil Production
Norwegian oil company DNO announced 'on Thursday that its production in the semi-autonomous Kurdistan region in iraq remained closed 'due to?security conditions?in the Middle East.
Japan's Nikkei soars above 62,000 due to earnings and Middle East optimism. JGBs rally
The Nikkei share index in Japan reached a new record high on Thursday, and Japan's bonds also rose as the financial markets reopened following the holidays. This was due to…
Shale producer APA beats first-quarter profit estimates
U.S. shale oil producer APA surpassed Wall Street expectations for the first-quarter profit?Wednesday as higher oil?prices offset a 'decrease in output. The quarter reported…
Occidental abandons new oil hedges amid price volatility caused by the Iran war
Occidental Petroleum, a U.S. shale oil producer, will not be adding more?oil hedging this year due to the volatility of crude?prices after the Iran war. Chief Financial Officer…
Even if the conflict ends, oil supply shock will worsen due to further decline in inventories
Even if U.S. and Iran reach a peaceful agreement to end their conflict, oil supplies will tighten in the coming weeks. It will take weeks for oil to be shipped from the Middle East Gulf to refiners around the world.
Unknown Serbian group offers $2.35 billion to buy stake in Russian oil company NIS
A newly formed Serbian firm has bid 2 billion euros (2,35?billion dollars) for the combined 56.1% share of NIS, Serbia's lone oil refinery. According to Ranko Mimovic, the Russian…
Cenovus, a Canadian company, reports record profits after acquiring MEG.
The Canadian oil and gas producer, Cenovus Energy, posted a record-breaking first quarter profit on Wednesday. This was largely due to higher benchmark crude oil prices. Cenovus acquired MEG in the past year…
