Australia’s mining and energy export earnings are projected to fall 6% in 2024 as iron ore prices dip and Chinese demand slows
Markets
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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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Kazakhstan’s oil minister was ousted after the country exceeded OPEC+ quotas, facing backlash for overproduction and defiance of production limits
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A Ryazan oil refinery explosion killed one worker and injured three during maintenance. Authorities are investigating the incident’s cause and impact
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Oil prices drop amid trade tensions and ceasefire uncertainty, with OPEC reporting rising crude output and markets facing concerns over global demand growth
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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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Europe’s wind energy expansion is reshaping its power sector, surpassing coal for the first time as governments and industries invest in advanced wind technology
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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