Materials demand pushes merger talk by mining giants
The growth in decarbonisation and rising copper demand to drive electrification have brought mining giants Rio Tinto and Glencore to the table to explore a $260bn merger. Rio Tinto confirmed…
Price ‘holds key’ to energy techs in an uncertain world
Energy will once again be at the forefront politically and economically in 2026. At the same time, issues relating to price, capacity, and new tech scale-up mean the industry remains…
White House Invites Vitol, Trafigura For Venezuelan Oil Talks
U.S. President Donald Trump has invited heads of commodity trading firms, Vitol and Trafigura, to the White House for talks on Friday regarding the marketing of Venezuelan oil, Reuters has…
Crude Climb Nearly 2% as Venezuela Uncertainty Keeps Traders on Edge
Oil prices climbed sharply on Thursday morning, with both Brent crude and U.S. West Texas Intermediate (WTI) futures trading up 2% in early U.S. trading hours as investors assessed the…
Uganda Presidential Hopeful To Review Oil Contracts if Elected
Bobi Wine, a pop star-turned-politician and an opposition candidate in Uganda’s presidential election next week, will review all oil contracts the country has with international oil firms and revise any…
Equinor Awards $10 Billion Contracts to Maintain Norway’s Oil and Gas Output
Equinor has awarded $10 billion worth of contracts to suppliers as the Norwegian energy major aims to maintain high levels of oil and gas production offshore Norway. On Thursday, Equinor…
Galp and Moeve Combine Downstream Operations in Major Iberian Deal
Portugal’s energy giant Galp and the owners of Spanish refiner Moeve have agreed to advance discussions on a potential merger of their downstream portfolios to create two separate major Iberian…
Major Exchange Shift Extends European Natural Gas Trading Hours
Intercontinental Exchange Inc (ICE) is extending Europe’s natural gas and power trading to 22 hours a day, in a major shift in the European energy markets aimed to align power…
Norway’s Oil Future Hinges on Urgent Exploration and New Investment
Despite the best exploration results in four years in 2025, Norway will need even more exploration and discoveries, as well as investment in new oil and gas projects, to reverse…
Saudi SABIC to Sell European Chemicals Business for $950 Million
Saudi Basic Industries Corporation (SABIC) has signed two separate agreements to sell its European petrochemicals business and the engineering thermoplastics business in the Americas and Europe, for a total of…
