Business

The record shipment gave the DRC a 23.9% share of total US copper imports in July, when overall American imports exceeded 220,000 tonnes for the first time. The jump is significant from 2024, when the US imported less than 32,000 […]

Uganda is set to become the world’s newest oil exporter, with commercial shipments of its Pearl Sweet grade to start in December and increase to 230,000 barrels a day within three years. The African nation’s energy minister and other senior […]

The U.S. national debt recently passed $40 trillion, hitting this monstrous milestone months ahead of Congressional Budget Office projections, in part due to tariff refunds increasing the total deficit. In March, the federal debt held by the public reached the […]

The Trump administration announced Friday that it has imposed sanctions on a Turkish financial institution as part of its latest effort to sever “critical financial lifelines” for the Iranian government. The actions against Golden Global Yatirim Bankasi Anonim Sirketi come […]

Argentina’s President Javier Milei threatened to impose sanctions on oil companies drilling near the Falkland Islands, after reiterating his claim that the territory under British control is Argentine. The Falklands are “historically and legally” Argentine, Milei said in a televised […]

Crude oil prices extended their climb today and are set for a sharp weekly gain as the war in the Middle East continues with little chance of peace. At the time of writing, Brent crude was trading at $95.55 per […]

Etu Energias agreed to acquire Chevron’s 31% operated interest in Angola’s Block 14 and its 15.5% non-operated interest in the adjoining Block 14K. The agreement carries a base cash price of $260 million and an economic effective date of January […]

A U.S. oil company controlled by a Venezuelan business tycoon will replace Chinese and Russian operators of several Venezuelan oil fields, Reuters has reported, citing two unnamed U.S. officials. North American Blue Energy Partners, which is backed by the U.S. […]

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 […]