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February 6, 2025
According to preliminary drilling results, officials from the energy ministry said that South Korea may not be able to afford a large oil and gas project near its east coast. Officials told telephone that recent drilling had shown some gas potential, but the amount wasn't considered significant.
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February 6, 2025
European traders reported on Thursday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price proposals in the tender is 12 February. Traders…
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February 6, 2025
Mitsubishi Corp., a Japanese company, announced on Thursday that it had taken a 66.8-billion-yen ($438.61-million) impairment charge for its domestic offshore wind project in the nine months ended in December. The trading house announced on…
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February 5, 2025
The U.S. Department of State announced on Wednesday that American government vessels will be able to transit the Panama Canal free of charge. The Department of Transportation posted on X that "the government of Panama has agreed not to charge fees to U.S. The agreement is expected to save the U.S.
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February 5, 2025
Sources close to the situation said on Wednesday that the superyacht, which sank in Sicily last April and killed British tech tycoon Mike Lynch, as well as six other people, would be recovered after its mast was dismantled. The salvage operation is expected to start around the middle of the month.
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February 5, 2025
The Energy Information Administration (EIA), which is responsible for the U.S. Energy industry, announced on Wednesday that crude oil and gasoline stocks in the United States increased while distillate inventories fell. The EIA reported that crude inventories increased by 8.7 millions barrels…
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February 5, 2025
The U.S. will continue to transition away from fossil fuels and towards renewable energy despite the tariffs imposed by President Donald Trump, according to the CEO of the power plant manufacturer Wartsila. The President has outlined a comprehensive plan to maximize oil production.
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February 5, 2025
Hapag-Lloyd, a container shipping liner, will be able cope with U.S. Tariffs on Chinese Products. This was the chief executive's message to reporters on Tuesday. Rolf Habben Jansen, CEO of Rolf Habben Jansen, said that it was too early to panic…
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February 5, 2025
The state grain buyer of Jordan has announced an international tender for up to 120,000 tons of milling whey that can come from optional origins. The deadline to submit price proposals in the tender is February 11. Traders had expected a new announcement after Jordan failed to purchase 120…
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February 5, 2025
Norwegian Line Holdings and Italian shipbuilder Fincantieri announced on Wednesday that they had reached an agreement for four new cruise ships. A source familiar with the matter estimated that this deal was worth approximately 9 billion euros (9.34 billion dollars).
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February 5, 2025
Two trade sources who have direct knowledge of this matter say that China has delayed the imports of up 600,000 metric tonnes of wheat, mostly Australian, and offered some of those cargoes to buyers other than itself as domestic supplies are reducing demand in the top grain buyer in the world.
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February 4, 2025
The 122-meter Kismet superyacht towers over the steamboats scattered along the Mississippi River at New Orleans. For those of us with a difficult time converting metric measurements, that's 400 feet - 40 more than the length of a football field.
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February 4, 2025
Goldman Sachs said on Tuesday that it expected Beijing's retaliatory duties in response to the new U.S. sanctions against Chinese products to have a limited impact on energy costs. The 10% tariff imposed by President Donald Trump on Chinese products went into effect at 12:01 am.
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February 4, 2025
An Egyptian cabinet announcement on Tuesday revealed that Egypt's General Authority for Supply Commodities has signed a $700-million loan agreement with the Islamic Trade Finance Corporation to boost its efforts in food security. The loan is part of the ongoing cooperation between Egypt…
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February 4, 2025
Initial assessments indicate that five trading companies have participated in the international bid on Tuesday by Jordan's state grain buyer to buy 120,000 metric tonnes of wheat. Viterra, Al Dahra and Cereal Crops were thought to be the trading houses involved.
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February 3, 2025
Authorities said that a female swimmer died after a shark attacked her in the waters near a popular tourist destination on Australia's East Coast. The Queensland State Police said that emergency crews were dispatched to Woorim beach at Bribie island…
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February 3, 2025
New Jersey's regulator of public utilities announced on Monday that it will not award new contracts for offshore wind, just days after Shell pulled out of the one project where a final bid had been submitted. Uncertainty regarding federal support of the industry.
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February 3, 2025
Two industry sources who are familiar with the calculations and data say that the daily output of Kazakhstan's biggest field, Tengiz has reached a new record high in late January. This is a 45% increase from the average for 2024. The Kazakh…
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February 3, 2025
A Swedish prosecutor announced on Monday that the cargo ship Vezhen damaged a submarine cable connecting Sweden and Latvia in late August, but that it was not deliberate. The vessel, which is registered under the Maltese flag, had already been released.
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February 2, 2025
A spokesperson for the State Department said that U.S. Secretary Marco Rubio informed Panamanian President Jose Raul Mulino during talks on Sunday that Donald Trump had determined that China's influence threatened the Panama Canal, and that urgent changes were required or the U.S. might act.
