To meet the rising demand for energy and the increase in global renewable energy capacity, there is a clear need to expand critical mineral mining activities. Mining for metals and minerals, such as cobalt, copper, and lithium, has increased significantly in recent years and is expected to keep rising in …
Read More »Trump’s Tariff Threat Looms over Brazilian Oil Exports
Brazil has become the latest target of U.S. President Donald Trump’s ire after the Republican frontrunner threatened 50% tariffs on the South American giant for allegedly persecuting right-wing ex-president Jair Bolsonaro. In a post on Truth Social, Trump called on Brazilian President Luiz Inácio Lula da Silva to halt what …
Read More »Turkish Firms to Launch Oil and Gas Exploration Offshore Pakistan
Turkish energy firms will explore for oil and gas offshore Pakistan under agreements with local companies, Turkish Foreign Minister Hakan Fidan said during a visit to Pakistan on Wednesday. “This is one of the outcomes of the more institutionalized approach we are working to establish,” Fidan said, without elaborating on …
Read More »Iraq Lifts Oil Output by 80,000 bpd across Three Key Fields
Iraq’s Dhi Qar Oil Company has raised oil production by a combined 80,000 barrels per day across three strategic southern fields, Nasiriyah, Gharraf, and Saba, IraqiNews reported on Monday, marking one of the country’s most significant boosts this year as OPEC+ opens the door to higher member output. According to …
Read More »Saudi Arabia Raises August Oil Prices for Asia, Europe Buyers
Saudi Arabia, the world’s biggest oil exporter, on Sunday hiked August prices for Asian and European buyers by more than $1 a barrel as domestic crude demand is expected to rise, reducing exports, and consumption from China is likely to increase. State energy firm Saudi Aramco raised the official selling …
Read More »China Wins Big as Sanctions Cripple Russia’s Steel Industry
Ongoing geopolitical conflicts, including one active war, combined with market instability, declining steel demand in certain global regions and a rise in protective tariffs on exporting nations, have all come together to force some steel-producing countries, including China, to reassess and refocus their steel industry supply chains. Faced with weak …
Read More »Big Oil Bids in Libya’s First Exploration Tender in 18 Years
Supermajors ExxonMobil, Chevron, TotalEnergies, and Eni are competing in Libya’s first oil bid round in 18 years, Masoud Suleman, chairman of Libya’s National Oil Corporation (NOC), told Bloomberg in an interview published on Wednesday. Libya earlier this year launched its first oil and gas exploration tender since 2007, which is …
Read More »India Eyes New Sites to Boost Strategic Oil Reserves
India, the world’s third-largest crude oil importer, which depends on imports for about 85% of its daily consumption, considers building three new sites to raise its strategic petroleum reserves. Engineers India Ltd, a state-run engineering consultancy, is doing feasibility studies, L R Jain, chief executive at the state company managing …
Read More »U.S. and Russia Vie for Influence in Energy-Rich Turkmenistan
Turkmenistan has attracted lots of diplomatic attention this week from both the United States and Russia. The flurry of activity suggests geopolitical jostling is intensifying over the Central Asian state, apparently catalyzed by the recent Iranian-Israeli conflict. Turkmen Foreign Minister Rashid Meredov capped a hectic week with a June 26 …
Read More »Iraq to Carry out New Projects to Increase Oil Exports
The Iraqi Minister of Oil, Hayan Abdul-Ghani, highlighted on Monday the need to increase Iraq’s oil export outlets by developing projects that improve export capacity and allow greater flexibility in exceptional scenarios. Abdul-Ghani’s remarks took place during a meeting of the ministry’s Advisory Board, when he stressed the importance of …
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