Dollar Weakness Lingers as Markets Bet on September Rate Cut
The U.S. dollar edged higher in early Asian trading on Monday, attempting to recover from a four-week low against the euro after Federal Reserve Chair Jerome Powell signaled a potential…
Cenovus to Buy MEG as Canada’s Oil Sands Consolidate Further
Cenovus Energy on Friday announced it has entered into a definitive arrangement agreement to acquire MEG Energy Corp in a cash and stock deal valued at US$5.7 billion (C$7.9 billion),…
New Ukrainian Strike Halts Pipeline Oil Flow to Hungary and Slovakia Again
Just days after flows on the Druzhba oil pipeline to Hungary and Slovakia resumed following a Ukrainian attack on a pumping station, Ukraine hit the infrastructure anew, and supplies to…
Canada PM Pushes Energy, Defense Deals in Europe
Canadian Prime Minister Mark Carney is visiting Poland, Germany and Latvia to strengthen defense and industrial partnerships, with a particular focus on growing his country’s nuclear and critical minerals sectors.…
Private Chinese Firm Invests $1 Billion to Pump 60,000 Bpd Crude in Venezuela
Private Chinese firm China Concord Resources Corp (CCRC) is developing two oilfields in Venezuela, from which it expects to produce 60,000 barrels per day (bpd) of crude by the end…
UBS Sees Brent Oil Prices Staying in the High $60s in Tight Market
Brent Crude oil prices are set to stay in the near term at the upper end of the current trading range between $60 and $70 per barrel as the market…
U.S. Steps Up Sanctions Pressure on Iran’s Oil Trade
The United States has sanctioned a Greek shipping entrepreneur, a network of his companies, and two Chinese crude oil terminal and storage operators as the Treasury is taking additional actions…
Sinopec Announces Major Shale Gas Discoveries
China’s Sinopec has made two significant discoveries of shale gas in central-southwestern China containing over 100 billion cubic meters, the company has said, as quoted by the South China Morning…
Trump Prompts $19 Billion Worth of Wind and Solar Projects Cancellations
Since President Trump took office, almost $19 billion worth of wind and solar power generation projects have been canceled, according to U.S. consultancy Atlas Public Policy. As President Trump slashed…
UK steel sector stands at sustainable crossroads
News that Specialty Steel UK will enter administration following a winding down petition in the High Court is another major blow for the UK steel sector – and the country’s…
