International

The property sector crisis and the rise of LNG use in trucking have weighed on China’s diesel demand this year, dampening the prospects of oil demand growth in the world’s top crude importer, which has been a key driver of global demand growth for years. Diesel demand in China is …

Demand for critical minerals such as copper, cobalt, lithium and nickel is soaring. These raw materials are used in a range of new technologies, from electric cars to wind turbines, which are becoming ever more important as the world moves towards a green transition. Experts forecast that this trend is …

Russia’s oil industry has slowed drilling activity this year from the record highs seen in 2023, as Moscow is limiting production as part of the OPEC+ deal and working to boost its compliance rate. In the first half of 2024, rigs employed by Russian oil companies drilled a total of …

BP will team up with the government of Iraq to rehabilitate and develop four oil and gas fields in the northern region of Kirkuk. The two sides signed a preliminary agreement to that effect this week. The deal follows another one, signed in 2013, for the development of the giant …

Iraq’s state-owned North Oil Company has finished repairing a key pipeline linking its northern oilfields to Turkiye’s Mediterranean coast, a company source said on Wednesday. “The pipeline, repeatedly targeted by ISIS militants, is now ready to pump crude oil from Kirkuk to the Ceyhan export terminal,” the source added. However, …

EDF ENR, the winner of a tender launched by Solideo — the public entity behind the creation of France’s Olympic Village in Paris — has installed 15 PV arrays on the roofs of buildings currently occupied by athletes taking part in the Olympic Games. Located in the Belvédères district, just …

After aluminum prices increased in the spring and early summer, bulls became exuberant, believing that “green” initiatives like EVs, renewables, and associated power transmission technology would push the metal price higher. However, contrary to their expectations, the LME price continued to fall steadily since early June, a trend mirrored on …

For the first half of 2024, Ukrainian steel manufacturing increased finished and semi-finished production by about one-third year on year. According to a July 15 report from Kyiv-based steelmaking association Ukrmetallurgprom, volumes for the first six months came to 3.14 million metric tons, representing a 32% rise from an estimated …

hings have taken a bad turn for the Middle East. Asia, by far the largest demand hub for Saudi Arabia, Iraq or the United Arab Emirates, seems to be going through the same stage of weakness that Europe and the United States were in the spring. Not buying enough, depleting …

India’s imports of Iraqi crude oil plummeted in June to their lowest level since September 2020, industry data revealed this weekend. Indian refineries have been scaling back purchases from traditional Middle Eastern suppliers that raised prices earlier this year, the data showed. “Part of the reason is that they (Iraq) …