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India says discovers fields with over 3,000 tonnes of gold ore

India, the world's second-biggest gold consumer, has discovered gold fields with reserves of over 3,000 tonnes in its most populous northern state, a government official said on Saturday.

EU aluminum firms' dumping complaints groundless, Chinese association says

A European Union probe into whether China is dumping aluminum extrusions is a result of "internal" factors at the companies that complained and Chinese producers should not have to bear the consequences, China's metal association said on Saturday.

Macron tells farmers he'll fight for EU budget, wine tariff relief

President Emmanuel Macron told farmers on Saturday that France would continue to oppose cuts to agricultural subsidies, a day after EU budget discussions ended in deadlock, while also promising compensation for wine producers hit by U.S. tariffs.

Oil slides 1% on renewed fears over toll from coronavirus

Oil prices fell about 1% on Friday on renewed concerns about crude demand being pinched by the economic impact of the coronavirus outbreak, while OPEC and allied producers appeared to be in no rush to curb output.

Latest News

Pioneer Natural CEO calls on investors to divest in companies with high flaring

The chief executive of Pioneer Natural Resources, Scott Sheffield, on Thursday called on energy investors to sell shares or pull funding from companies that have rates of natural gas flaring.

In Mexico's cradle of corn, climate change leaves its mark

At least 9,000 years ago, humans began domesticating corn for the first time near Tehuacan, in the central Mexican state of Puebla, laying the foundation for permanent settlements in the Americas.

Brazil says U.S. will allow fresh Brazilian beef imports

Brazilian Agriculture Minister Tereza Cristina Dias said on Friday that the United States had reopened its market for Brazilian fresh beef exports, effective immediately.

Marathon Galveston Bay refinery in Texas to begin overhaul next week: sources

Marathon Petroleum Corp plans to begin a multi-unit overhaul next week at its 585,000-barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, said sources familiar with plant operations.

Phillips 66 Alliance, Louisiana, FCCU overhaul to last through first week of March: sources

Phillips 66 plans to continue an overhaul of the gasoline-producing unit at its 253,600-barrel-per-day (bpd) Alliance, Louisiana, refinery through the first week of March, said sources familiar with plant operations.

Shares of Brazilian beef companies jump as U.S. reopens trade

Shares of Brazilian beef processors JBS SA, Marfrig Global Foods SA and Minerva SA rose near the close on Brazil's B3 stock exchange after news that the United States had reopened its market to fresh Brazilian beef.

Trump: U.S. may give farmers more aid until trade deals 'kick in'

The United States may give American farmers additional money until trade deals with China, Mexico, Canada and other countries fully go into effect, President Donald Trump said on Friday.

Petrobras, oil workers reach agreement to end strike: judge

Brazil's state-controlled oil company Petrobras and unions representing the firm's oil workers reached an agreement on Friday to end a partial strike, a judge at the country's highest labor court said.

Saudi Arabia plans $110 billion investment in Jafurah unconventional gas field: SPA

Saudi Aramco plans to invest $110 billion to develop unconventional gas reserves in Saudi Arabia’s Jafurah field, the state news agency SPA said on Friday.

Miner Teck floats oil sands exit as Trudeau government weighs C$20.6 billion project

Canadian miner Teck Resources Ltd <TCKb.TO> <TECK.N> on Friday floated a potential exit from the oil sands and warned of a possible C$1.13 billion ($852.12 million) hit should Prime Minister Justin Trudeau's government reject its Frontier bitumen mine.

Greece says nine investors interested in gas distribution network sale

Greece received nine expressions of interest from investors in the sale of the country's state-controlled gas distribution network, DEPA Infrastructure, the country's privatisation agency said on Friday.

Coronavirus to drag oil below $60 this year, weighing on Gulf exporters: IIF

The coronavirus outbreak may curb demand for oil in China and other Asian countries, depressing oil prices further to as low as $57 a barrel and clouding growth prospects across the Middle East, the Institute of International Finance (IIF) said.

Greenpeace protesters break into EDF's Tricastin nuclear plant

Greenpeace activists broke into an ageing Tricastin nuclear plant in France on Friday to demand its closure, a day ahead of the planned shutdown the country's oldest nuclear reactor at Fessenheim near the German border.

Russia makes new proposal to Belarus for oil supply terms

Russia has proposed new terms for future oil supplies to Belarus to partially compensate Minsk for the cost of taxes introduced last year, Moscow said on Friday, in a sign of potential progress in a two-month row between the two countries.

Mitsubishi Materials sells down stake in coal miner New Hope

Japan's Mitsubishi Materials Corp has sold its stake in Australian coal producer New Hope Corp for A$157.6 million ($104.00 million), cashing out after more than 30 years, as part of a realignment of its shareholding portfolio.

China's chicken chain comes unstuck amid chaos of virus measures

China's chicken farmers had been looking forward to a bumper year.

BP slammed for lofty climate change ambition, Rio ignored for small step: Russell

Two major resource companies made two very different announcements recently, both on the theme of addressing climate change. The stark contrast between them shows the industry is still grappling with how to meet the challenges ahead.

From coal to cars - what big data is China tracking to put virus-hit businesses back on track?

China is tracking big data on an array of industrial barometers such as power use and traffic flows to take the pulse of general activity and target stimulus measures aimed at mitigating the impact of the coronavirus on its struggling economy.

Singapore's Sembcorp Marine says ex-consultant convicted in Brazil probe

Singaporean rig builder Sembcorp Marine Ltd said on Friday a former consultant to the company had been convicted by a federal court in Brazil for corruption, money laundering and participation in a criminal organization.

Solar energy expands quickly in Brazil, attracts Chinese firms

Beside the green pastures and sugarcane plantations surrounding the farming town of Porto Feliz is the strange sight of hundreds of blue, silicon panes turned towards the sun.

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