Business

Venezuela is closely examining plans to leave Opec, according to people familiar with the matter, delivering a fresh blow to the oil cartel it helped create more than six decades ago. The idea of an exit has been a topic […]

JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told the publication the companies involved in the project aimed to […]

Gold prices hit their highest in more than three months on Aug 24 as a subdued dollar lent support, while focus shifted to key US inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh. Spot […]

Iran has discovered more than 7.5 trillion cubic feet (212.4 billion cubic metres) of natural gas in a field in the southern Fars province, Oil Minister Mohsen Paknejad said on Sunday (August 23), according to state media. The discovery comes […]

The reinstated U.S. blockade on Iranian oil exports is effectively preventing Tehran from exporting oil, making Iran’s oil volumes irrelevant for global oil market balances, Bob McNally, president of Rapidan Energy Group, told CNBC on Thursday. The U.S. brought back […]

India’s Oil and Natural Gas Corporation has secured a license from the U.S. Office of Foreign Assets Control to return to Venezuela, Indian media have reported. India’s largest oil and gas company has a 40% stake in the San Cristobal […]

The International Energy Agency on Wednesday projected a larger decline in global oil demand this year than previously estimated as the continued closure of the Strait of Hormuz weighs on consumption. Oil consumption is now forecast to decline by 1.6 […]

HDFC Bank raised $1bn via a debut dollar bond, a PerpNC5 AT1 at a yield of 3.7%, a solid 42.5bp inside the initial guidance of 4.125% area. The bonds have expected ratings of Ba3 and received orders over $4.4bn at […]

In a recent BBC interview, Dangote stated that negotiations with the Kenyan government had advanced greatly, and that construction might begin as early as October. “The plans have actually gone very far with Kenya,” Dangote said when asked about the […]

The Zimbabwe Investment and Development Agency (ZIDA) issued 284 new investment licences during the three months to June, according to figures disclosed by the agency and reported by Zimbabwean NewsDay. Mining remained the biggest destination for investors, attracting 86 licences valued […]