Commodities
Asian diesel replaces disrupted Middle East supply to Africa
August flows from Asia reached 1.8–2 million tonnes as Middle East shipments fell to a near nine-year low amid refinery and shipping disruptions.
Commodities
Commodities
European LNG prices climb to their highest since 2023
Hormuz disruptions, weak storage injections and competition with Asia have pushed imported gas above $22 per MMBtu ahead of winter.
Commodities
Argentina and Chile reactivate cross-border framework for copper projects
Operating protocols advanced for three Andean projects, while a $20.7 billion investment estimate remains conditional and has no fixed timetable.
Commodities
Foreign rare-earth interest accelerates in Brazil as environmental risks grow
Foreign-backed groups account for 42% of 2,727 exploration applications, while one quarter of claims are near or overlap protected and Indigenous lands.
Commodities
Continental plans 50% Phoenix stake and $4 billion Vaca Muerta expansion
A heads of agreement would create a 50/50 venture with Mercuria and deploy more than $4 billion over five years to lift production above 100,000 boepd. Definitive contracts and approvals remain pending.
Commodities
Chevron confirms oil and gas condensate discovery in Angola’s offshore Block 0
Well 105-4X encountered a hydrocarbon column exceeding 600 meters and more than 90 meters of net pay in the Pinda reservoir; a tie-back to nearby facilities remains under assessment.
Commodities
Lithium project progress contrasts with copper cuts as gold and palm oil rise
Lithium Americas kept Thacker Pass spending and completion targets despite tariff pressure, while Antofagasta cut copper guidance and macroeconomic signals lifted gold and palm-oil prices.
Commodities
Oil gains for the week as blockade risk confronts rising inventories
Brent and WTI were on course for weekly gains of 3.4% and 4% after Washington raised the prospect of an indefinite blockade of Iran, although weaker demand forecasts and a record-sized U.S. inventory build limited the signal.
Commodities
Coal India weighs Chile lithium deal as Kuska licence remains decisive
India’s state coal producer is in advanced discussions over Wealth Minerals’ Chilean assets, but no structure or valuation has been agreed and any transaction depends on a special lithium operating contract.
Commodities
Middle East buyers test Canadian LNG as a Hormuz hedge before Woodfibre starts
Pacific Energy says Middle Eastern companies are seeking Canadian LNG cargoes, equity and offtake positions as disruption around the Strait of Hormuz reshapes supply-security planning. Woodfibre LNG’s 2.1 million tonnes a year are already contracted to BP and first exports are targeted for December 2027, so current approaches do not represent available spot supply or signed new deals.
Commodities
Seriti starts 155 MW wind phase as Mpumalanga energy plan expands to R40 billion
Twenty-five turbines entered commercial operation in the coal heartland, opening the first phase of a planned 900 MW rollout backed by R25 billion of committed investment and further wind, solar and storage projects.
Commodities
BP launches North Sea sale as O’Neill accelerates portfolio overhaul
The formal process could value the U.K. upstream portfolio near $2 billion, but ageing assets, decommissioning liabilities, high operating costs and policy uncertainty will shape the bids.