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May 12, 2025
Hong Kong's CK Hutchison announced on Monday that the closely monitored port deal it has negotiated will adhere strictly to all compliance standards. In March, the Hong Kong-based conglomerate controlled by tycoon Li Kashing agreed to sell the bulk of its global ports business worth $22.8 billion…
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May 12, 2025
A company director stated on Monday that the trading arm of Mexico’s state company Pemex (PMI) anticipates a decrease in crude oil exported this year, as more will go to local refineries and especially the new Olmeca Refinery. Margarita Perez…
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May 5, 2025
CNBC, citing anonymous sources, reported that the board of Berkshire Hathaway unanimously voted to make Greg Abel its president and CEO beginning next year. This move marks the official start of the transition process that will see Warren Buffett…
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April 29, 2025
According to an excerpt of the bill published in the Official Gazette, the Guyana government submitted a proposed oil pollution law to Parliament. The act proposes that responsible parties be held liable for damage caused by oil spills from vessels.
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April 29, 2025
Gene Seroka said that the Los Angeles port expects a 35% decrease in cargo coming from Asia in the next week in an interview with CNBC on Tuesday. He said that major American retailers had stopped all shipments to China. This contributed to 45% of the traffic in Los Angeles.
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April 25, 2025
The World Bank steering committee endorsed on Friday the lender's plans for exploring options to expand access to energy, including possible financing for nuclear power. This is in line with U.S. President Donald Trump’s directives to increase energy financing.
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April 25, 2025
The mining and transport conglomerate Grupo Mexico announced a 17% increase in its first-quarter profit on Friday. This was primarily due to higher metal prices. The miner's net profit jumped to $1.09bn, far exceeding the $816m estimate of analysts polled at LSEG.
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April 9, 2025
Volkswagen has said that uncertainty over tariffs imposed by President Donald Trump in the United States was one of the reasons for its operating results falling to 2.8 billion euro ($3.07 billion), from 4.6 billion dollars, last year. The results…
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April 24, 2025
Canada's Francois-Philippe Champagne, Canada's Minister of Finance, said that the Group of Seven Industrial Democracies continues to be united. However tensions remain amongst them over the tariffs imposed by the U.S. Champagne said at a briefing…
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April 24, 2025
Canada's Francois-Philippe champagne, Canada’s Finance Minister said Thursday that the Group of Seven biggest economies remain united but there are tensions between them over the tariffs imposed by the United States. Champagne said at a briefing…
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April 23, 2025
The Energy Information Administration reported on Wednesday that U.S. crude stockpiles unexpectedly rose last week, as imports increased, and gasoline and distillate stocks fell more than expected. The EIA reported that crude inventories increased by 244…
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April 15, 2025
The Energy Information Administration (EIA), in its Annual Energy Outlook report (AEO), published on Tuesday, said that the peak of U.S. gas production and demand will be in 2032. EIA predicted that by 2032, the dry gas demand and production would reach a combined 92.4 billion cubic feet per day.
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April 11, 2025
Two sources familiar with the situation said that at least two vessels chartered by Chevron to transport Venezuelan crude are stranded in Venezuelan waters because the state oil company PDVSA canceled their export authorizations following the U.S.
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April 10, 2025
Three sources familiar with the decision confirmed on Thursday that Venezuela's PDVSA, Venezuela's national oil company, has cancelled several authorizations granted to Chevron by PDVSA to load and export Venezuelan crude oil in this month.
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April 9, 2025
The Energy Information Administration reported on Wednesday that U.S. crude stockpiles increased last week, as imports rose and exports dropped to their lowest level since January. Meanwhile, gasoline and distillate stocks decreased. The EIA…
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April 9, 2025
The European Union's counter-tariffs against U.S. products, which will be implemented next week, are expected to stop a large amount of U.S. grain from reaching Europe and increase costs for buyers who want to find alternative sources of feed grain.
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April 9, 2025
Two U.S. Senators, both from the Democratic and Republican parties, introduced legislation on Wednesday that establishes a Fund to enforce sanctions against Russia's so-called "ghost fleet" of oil tankers it relies on in order to avoid Western sanctions due to its war with Ukraine.
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April 9, 2025
Sources and shipping data indicate that China will receive approximately 3 million metric tonnes of U.S. soya beans in April-May. This is despite the new tariffs on American goods, which are set to choke off China's biggest U.S. import. Four…
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April 7, 2025
Two sources reported on Monday that the Black Sea CPC blend oil exports were reduced to 1.6 millions barrels per day (or 6.2 million tons) from 1.7million bpd as outlined in the preliminary plan. Caspian Pipeline Consortium exports Kazakhstan's and Russia's crude oil via the Black Sea.
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April 2, 2025
The Wall Street Journal reported that Volkswagen would introduce an "import charge" on affected vehicles by the 25% tariffs levied by U.S. president Donald Trump. Reports citing an internal memo sent to retailers said that the German automaker had temporarily stopped rail shipments from Mexico…
