Saturday, May 3, 2025

Washington News

The world's strongest magnet is used in the global nuclear fusion project

The world's strongest magnet is now ready for assembly as part of a much-delayed project that involves more than 30 countries. This project, which has been delayed by many years…

The US-Ukraine mineral deal does not specify whether Washington will benefit

According to a draft of the agreement that is expected to be signed on Wednesday, Washington will have preferential access to any new natural resource deals in Ukraine…

Indian Oil signs five-year LNG contract with Trafigura.

Three trade sources confirmed on Wednesday that Indian Oil Corp, the country's largest refiner, had agreed to a five year liquefied gas (LNG), import agreement with Trafigura.

Prices of gas in Europe are falling as the warm weather reduces demand

The Dutch and British wholesale prices of gas eased Tuesday morning. They traded in a narrow band as the warm weather reduced heating demand. The benchmark Dutch…

Strategie Grains trims sunseed to keep EU rapeseed forecast.

Strategie Grains, a consultancy in the United Kingdom, has kept its forecast for 2025/26 European Union Rapeseed Production unchanged for the third consecutive month.

Indonesia wants fair and square trade in US tariff discussions

Indonesia's senior economic minister, and its top negotiator, said that it is prioritizing its national interests in ongoing negotiations about U.S. Tariffs. It…

Finance Minister: Indonesia's growth in 2025 will be around 5%, despite trade tensions

Indonesia's growth will probably remain around 5% this year despite the trade tensions. The finance minister stated that a government delegation was still negotiating…

EQT will spend less and produce more US natgas by 2025

EQT Energy, the second largest natural gas producer in the United States, will reduce its capital expenditure but increase energy production by 2025. Range Resources…

NextEra exceeds profit expectations as the power company avoids trade risks

NextEra Energy's CEO stated that the company beat Wall Street expectations on Wednesday regarding rising electricity demand, as it works to navigate around increasing global trade risks.

IMF: AI's economic benefits will likely outweigh its emissions costs

The International Monetary Fund (IMF) said that the benefits of artificial intelligence would boost global production by 0.5% per year between 2025-2030, and outweigh…

Oil industry sources claim that Central Africa's new FX Initiative falls short of its target.

Two oil industry sources said that six Central African nations who were expecting to receive billions in foreign exchange from funds set aside for environmental…

Shell completes survey of Venezuelan gas field as winding down of license approaches

Shell, the oil and gas company, plans to finish a marine survey of the offshore Dragon gas field in Venezuela before the May deadline set by the United States to…

Sources say that the EU is looking at tweaking its methane regulations for US gas in order to facilitate trade negotiations.

Three sources with knowledge of the situation said that the European Union was looking for ways to help U.S. exports comply with their methane emission rules. The…

Asian countries are looking to purchase more US energy in order to balance trade imbalance

As they try to reduce their trade surpluses with Washington, Asian governments are buying more U.S. gas and oil in order to ease their tariff burdens due to President Donald Trump’s new import duties.

Asian countries are looking to purchase more US energy in order to balance trade imbalance

As they try to reduce their trade surpluses with Washington, Asian governments are buying more U.S. gas and oil in order to ease their tariff burdens due to President Donald Trump’s new import duties.

Tariff talks: Indonesia proposes an increase of $10 billion in US energy imports

Energy Minister Bahlil Lahadalia said to local media that Indonesia would propose an increase of around $10 billion in its crude oil and liquefied gas imports from…

Tariff talks: Indonesia proposes an increase of $10 billion in US energy imports

Energy Minister Bahlil Lahadalia said to local media that Indonesia would propose an increase of around $10 billion in its crude oil and liquefied gas imports from…

ADM to cut jobs in Shanghai after halting its domestic trade in China

Global grain merchant Archer-Daniels-Midland has begun shutting down domestic trading operations in China and laying off staff within its largest business segment…

Yonhap reports that South Korea is seeing Trump start tariff talks with Seoul and Japan, as well as India.

Han Duck-soo, South Korea's acting president, said that Donald Trump, the U.S. president, appeared to have ordered on Monday that talks about tariffs begin immediately with South Korea and Japan…

YPF's earnings could be affected by lower crude oil prices

A Friday presentation to investors revealed that the state-owned oil company in Argentina could have its core earnings fall this year due to lower crude prices.

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