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Chile's Codelco sees medium-term copper price at $2.6-$2.8 per pound: newspaper

Chile's Codelco, the world's top copper producer, expects prices to average about $2.6 to $2.8 per pound over the medium term, its chief executive said in an interview published on Sunday.

India's November palm oil imports drop to 17-months low: trade body

India's palm oil imports fell 3% in November from a year ago to the lowest level in 17-months, a leading trade body said on Friday, as refiners curtailed purchases of refined palm oil from Malaysia fearing a hike in import tax.

Oil prices fall as investors seek clarity on U.S.-China trade deal

Oil prices on Monday slid off near three-month highs hit last week as investors searched for clarity beyond the initial impact of a trade deal between the United States and China that's expected to boost flows between the top two global economies.

Exxon, Chevron face new round of shareholder climate resolutions

An activist group is increasing the pressure on five big U.S. and European oil companies with shareholder resolutions urging them to meet the Paris climate goals and cut carbon emissions.

Latest News

Oman sells $1 billion stake in electricity company to Chinese buyer

Oman's state-owned Electricity Holding Company, also known as Nama, has sold a 49% stake in Oman Electricity Transmission Co. to State Grid Corporation of China, raising around $1 billion, Mansoor Al Hinai, a Nama spokesman, said on Sunday.

Qatar open to accepting all currencies for trade - finance minister

Qatar is open to accepting all currencies for trade though the dollar will still dominate, Finance Minister Ali al-Emadi told a conference in Doha on Saturday.

Total's Gonfreville refinery partially halted after fire

French oil major Total said on Saturday that production at its 253,000 barrel-per-day Gonfreville Normandy refinery in northern France was partially halted following a fire that broke overnight.

Total says French Gonfreville refinery only functioning partially after fire

French oil major Total said on Saturday its 253,000 barrel-per-day Gonfreville Normandy refinery in northern France was functioning only partially following a fire that had now been extinguished.

Qatar Petroleum CEO says on track to expand gas production to 110 million tons by 2024

Qatar's QP chief executive Saad al-Kaabi said on Saturday the Gulf state was on track to expand its gas production to 110 million tons annually by 2024.

Fire put out at Exxon Beaumont, Texas, petrochemical plant: sources

A fire was put out on Friday at Exxon Mobil Corp's Beaumont, Texas, petrochemical plant, said sources familiar with plant operations.

WPX in talks to buy Felix's oil and gas assets for $2.5 billion: Bloomberg

WPX Energy Inc is in talks to buy the oil and gas assets of closely held Felix Energy for about $2.5 billion, Bloomberg reported on Friday citing people familiar with the matter.

Bankrupt Philadelphia refinery expects second insurance payment

Insurers of Philadelphia Energy Solutions (PES) have indicated they will make a second payment of $15 million from its property policy in connection to the June fire and subsequent shutdown of the plant, court documents showed.

U.S. Army extends deadline to apply for rare earths project financing

The U.S. Army has extended by one week the deadline to apply for rare earths processing facility financing, the third deadline extension of a program intended to help Washington secure domestic supply of the minerals used to make military weapons.

Oil nears three-month high as trade hopes, UK election boost sentiment

Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain.

How ethanol plant shutdowns deepen pain for U.S. corn farmers

When the U.S. ethanol industry was booming, Indiana farmer Paul Hodgen made good money selling about a quarter of his crop to a local facility that produced the corn-based fuel.

Argentine soy giant Vicentin suspends crushing amid debt crisis: sources

Argentine soy crushing giant Vicentin has halted most of its operations as the company battles to restructure its debt after defaulting earlier this month, three industry sources with direct knowledge of the situation told Reuters.

Southern California natgas market looks healthier this winter - U.S. EIA

Southern California Gas Co has more flexibility to supply natural gas this winter than in recent years due to a change in state rules and the return of a pipeline, the U.S. Energy Information Administration said in a report on Friday.

No date yet for next Ukraine-Russia gas talks: RIA cites Naftogaz

No date has been set so far for Russia and Ukraine's next round of talks to agree on a gas transit deal to replace the one that expires at the end of this year, RIA news agency cited the executive director of Ukraine's Naftogaz as saying on Friday.

China delays media briefing on U.S. trade talk

China has postponed a news briefing to give an update on progress in trade talks with the United States until around 11:00 p.m. local time (1500 GMT) on Friday, half an hour later than originally scheduled.

U.S. sets China trade deal terms, sources say, but Beijing mum

Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing's buying more American farm goods, U.S. sources said on Thursday.

Factbox: IMO 2020 - a major shake-up for oil and shipping

Tougher rules on sulphur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades.

Trump: Wall Street Journal story on China trade deal 'completely wrong'

President Donald Trump on Friday said a Wall Street Journal story on a U.S. trade deal with China is completely wrong.

China to brief media on U.S. trade talks shortly

China will give a news briefing at 1030 pm local time (1430 GMT) on the state of trade discussions with the United States, the State Council Information Office said on Friday.

EDF to invest 100 million euros to boost labor training in nuclear industry

EDF said on Friday it plans to invest 100 million euros ($110 million) in 2020–2021 to set up a training college and boost welding and other skills in the French nuclear sector in a bid to correct problems that have mired the industry.

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