Can Africa win the mineral race between China and the West? Russell
Two rail projects worth billions of dollars are underway in Africa. One project was aimed westward, and the other eastward. The one backed by Western nations, the other by China. Both aim to ship huge quantities of vital minerals. Welcome to the new race for Africa.
Vitol CEO: Oil supply is squeezed by geopolitical factors
Vitol CEO Russell Hardy stated on Thursday that the global oil market has tightened despite predictions of an 'oversupply'. U.S. sanctions have limited the?outlets? for Russian and Iranian oil, which is causing a?increase in demand for oil from alternative sources.
ARKO Petroleum raises 200 million dollars in an upsized US IPO
Fuel distributor ARKO Petroleum has priced its "upsized" U.S. IPO at the lower end of its range. This raised a little over $200 million. The company based in?Richmond?Virginia sold 11,11 million shares on Wednesday at $18 each, as opposed to its advertised range of $18-$20.
Gulf stock markets fall due to US-Iran tensions and earnings.
Stock markets in the Gulf slowed in early trading on Thursday, pressured both by a lacklustre earnings report and investor unease over tensions between the United States and Iran. U.S. president Donald Trump met with Israeli prime minister Benjamin Netanyahu on a Wednesday.
Can Africa win the mineral race between China and the West? Russell
Two rail projects worth billions of dollars in Africa. One project was aimed west and the other east. The one backed by Western nations, and the other by China. Both aim to ship huge quantities of critical minerals. Welcome to the new race for Africa.
Energy secretary warns against legitimacy of Chinese deals
Chris Wright, the U.S. secretary of energy, urged on Wednesday that the U.S. invest more in Venezuela during the most high-level visit to the U.S. focused on energy policies in almost three decades. Wright also warned about the legitimacy of Chinese companies in the OPEC nation.
SOLV Energy's Nasdaq debut earns it a valuation of $6 billion
SOLV Energy shares grew 20% on 'Wednesday in New York, valuing the firm at $5.98 billion. This highlights a'strong rebound in IPO activity in - 2026. The shares opened at $30, which is above the $25 price at which they sold 20.05…
TotalEnergies CEO seeks clarification on EU ban on Russian gas
Patrick Pouyanne, the CEO of TotalEnergies, said on Wednesday that the company is asking both France's?government and EU Commission for clarification on an EU ban against importing liquefied gas from Russia. Pouyanne said in…
Andy Home, Andy Home: The US and Canada are now working together to secure critical minerals.
The U.S. president Donald Trump just announced "Project Vault", an $12 billion stockpile of critical minerals intended to protect U.S. manufacturing companies from disruptions in supply. The U.S. will need help to fill the Vault…
Norway Wealth Fund seeks investment in battery storage as the market matures
Norway's sovereign fund announced on Wednesday that it hopes to make its initial investments in battery storage systems. This reflects the increasing importance of batteries for stabilising increasingly intermittent electricity markets.
Russia claims US restrictions on its involvement in Venezuela's oil industry are discriminatory
Foreign Minister Sergei Lavrov stated on Wednesday that the new U.S. restrictions imposed on Russia and other countries' role in Venezuela's petroleum business was blatantly discriminatory. The Kremlin also said it would clarify this matter with Washington. The U.S.
Congo declares it will seek out other partners in the event that US Minerals Framework fails
If the minerals?cooperation agreement with the United States does not lead to concrete projects, then the Democratic Republic of Congo will seek out other partners. The country's mining minister stated that the framework does not result in concrete projects.
US Energy Secretary to Arrive in Venezuela With Herculean Task of Oil Recovery
This week, the U.S. Department of Energy Chris Wright will visit Venezuela. It is the highest-level U.S. The OPEC country has not had a visit to discuss energy policy in almost three decades. Washington is conducting its first…
Saudi and US firms partner on northeast Syria Energy Project
Two people with direct knowledge of the plan say that Saudi Arabian and U.S. firms will form a consortium to explore and produce oil and gas in the northeastern part of Syria. Sources said that Baker Hughes, Hunt Energy, and Argent LNG plan to partner with TAQA on the project.
Chile to receive its first Australian LNG in 3 years amid tighter Atlantic supply
According to ship tracking data, two Australian LNG cargoes are on their way to Chile. This would be the first time in three years that Chile has received shipments of this nature. The competition between these two 'basins' could…
EU meets in Belgian castle for economic rivalry with US and China
Leaders of the European Union gather at a castle in Belgium on Thursday to discuss how they can compete with a global competitor like China, and a less reliable allie like the U.S. as the rules-based order is thrown into disarray.
Andy Home, Andy Home: The US and Canada are now working together to secure critical minerals.
The U.S. president Donald Trump just announced "Project Vault", an $12 billion stockpile of critical minerals intended to protect U.S. manufacturing companies from disruptions in supply. The U.S. will need help to fill up the Vault's 60 critical minerals.
MORNING BID EUROPE-Yen roars back as US consumer engine sputters
Tom Westbrook gives us a look at what the European and global markets will be like today. The earnings season and data drove markets on Wednesday, while a rebound of the yen was gaining steam. TotalEnergies, ?Siemens Energy, Deutsche Boerse…
SOLV Energy raises $512.5 Million in US IPO
The U.S. IPO of SOLV Energy, a solar and battery storage company, was priced at $25 per share - within the range indicated. San Diego-based company, SOLV, sold 20.5 millions shares at $25 each, as opposed to its advertised range of $22 - $25 per share.
Treasury: US grants license for oil and gas exploration in Venezuela
The?U.S. The?U.S. Washington has eased sanctions against Venezuela's oil industry that were first imposed by the United States in 2019. Since U.S. troops captured President Nicolas Maduro at the beginning of January, Washington has relaxed its sanctions.