US set to launch tariff refund system on April 20, totaling US$166b
President Donald Trump’s administration plans to launch next Monday the system it will use for issuing refunds to American importers for US$166 […]
Africa’s copperbelt experiment grows as DR Congo miner boosts US supply deal.
The revised volume is around five times higher than previously disclosed, underscoring the rapid scale-up of a vehicle central to Washington’s broader […]
World shares gain, oil prices capped on hopes for US-Iran peace talks.
World shares gained on Wednesday, edging towards record highs after President Donald Trump said talks with Iran could resume over the next […]
South Korea Locks In 273 Million Barrels of Crude That Won’t Touch Hormuz.
South Korea has secured 273 million barrels of Middle Eastern and Kazakh crude that will not need to transit the Strait of […]
China uses Africa to expand rare earth dominance as US seeks upper hand over key shipping routes, including Strait of Hormuz.
The United States has moved to strengthen its influence over key routes such as the Panama Canal and the Strait of Hormuz, […]
ANZ Raises Brent Forecast to $90 as Hormuz Blockade Removes 10 Million Bpd.
Brent crude prices will remain above $90 per barrel through the end of this year as the war continues to cut off […]
TotalEnergies Strikes Oil and Gas at Congo’s Moho License.
TotalEnergies has found oil and gas on a license which it has been developing offshore the Republic of Congo, the French supermajor said on […]
Dollar gains as U.S. blockades Iran ports after failure of peace talks.
The dollar climbed on Monday after peace talks between the U.S. and Iran broke down and as the U.S. Navy began to blockade Iranian ports, while the Hungarian forint rallied […]
JP Morgan Warns Oil Could Hit $120 if Hormuz Stalemate Drags Into July.
Oil prices could spike and hit again their peak Iran-war levels at nearly $120 per barrel if a full recovery of vessel traffic […]
Global gold accumulation hits about $2 billion as African central banks join buying wave.
The uptick marks a rebound from January’s slowdown and reflects a sustained push toward reserve diversification. Global gold demand from central banks remains […]
China’s Teapot Refiners Rush to Secure Iranian Crude as Oil Prices Slide.
China’s independent refiners are looking for prompt Iranian crude cargos after Beijing issued the latest batch of quotas for oil imports and […]
US oil giant nears a $10 billion investment decision with Africa’s largest oil producer.
The company first touted the deal back in September 2024, following a meeting in New York between some of its executives and […]