The Bank of Canada raised its benchmark interest rate by a quarter point to 2.5% on Wednesday, its first hike in three years, and paired the move with a warning
Trafigura Group and Mubadala Capital have abandoned their effort to sell Porto Sudeste, a Brazilian iron ore export terminal, after the offers they received came in well below what the
Global oil demand is projected to see its first annual decline since the 2020 pandemic, a significant shift detailed in a recent International Energy Agency report. This contraction, estimated at
The London Metal Exchange saw copper futures breach the $14,000 per tonne mark last week, a significant milestone driven largely by robust demand emanating from China. This surge reflects a
Gold prices have maintained their elevated position, hovering near record highs, as market participants increasingly vocalize concerns regarding the perceived independence of the Federal Reserve. This sustained interest in the
Shares across the U.S. energy sector saw significant gains on Monday, following President Donald Trump’s announcement regarding plans to assert control over Venezuela’s oil industry. The move, which would see
OPEC+ has confirmed that it will pause its scheduled output increases during the first quarter of 2026, citing emerging signs of a growing oil surplus and a rapidly shifting energy demand
In a landmark move set to reshape Africa’s emerging energy landscape, Al Maktoum Finance, operating under the Office of H.H. Sheikh AbdulHakim Al Maktoum Group Holdings, has signed a future USD 100 million
OPEC+ is preparing to approve a small increase in oil production for December, according to delegates familiar with the matter, signaling a cautious shift in strategy as the alliance weighs
In a move that signals a dramatic escalation in the economic confrontation with Russia, the United States has imposed major new sanctions on Rosneft and Lukoil—the country’s two largest oil companies.
