Australia’s mining and energy export earnings are projected to fall 6% in 2024 as iron ore prices dip and Chinese demand slows
Government
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Oil prices rise as traders assess U.S. tariffs and tightening crude supplies, with concerns about the global economy
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Pemex pursues a diversification strategy for motor fuel and crude oil exports, following U.S. tariff threats against Venezuela oil trade
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Iraq plans to raise oil production to 6 million bpd by 2029, backed by a BP deal and OPEC+ commitment to global output reductions
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EU leaders urge talks on Russian gas transit through Ukraine as Slovakia warns of rising energy costs and cold weather depletes gas reserves
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Enbridge pipeline expansion moves ahead despite new U.S. crude oil tariffs. The company is investing $2 billion in Mainline while targeting long-term energy growth
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GovernmentIn the NewsMarketsOil & Gas
Oil Prices Rise 2% After U.S. Revokes Chevron’s Venezuela License
Oil prices rise 2% after the U.S. revokes Chevron’s Venezuela license, sparking supply concerns as OPEC+ weighs its next move in a volatile market
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Energy TransitionGovernmentIn the NewsMarkets
Kyrgyzstan, Tajikistan Seal Pact, Ease Border Tensions
Kyrgyzstan and Tajikistan finalized a border deal, resolving a major dispute and paving the way for enhanced trade, security, and regional cooperation
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AnalysisGovernmentOil & Gas
FERC Approves Venture Global’s Plaquemines LNG Capacity Expansion to 27.2M Tons
FERC has approved the Plaquemines LNG expansion, allowing Venture Global to boost capacity to 27.2 million tons despite environmental concerns
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Trump’s steel tariffs face EU criticism as European steelmakers warn of export losses. Market uncertainty grows as steel prices begin to rise