China’s large industrial firms reported a 10 % Y/Y decline in profits in October, with the property and retail sectors hit the hardest, the National Bureau of Statistics in Beijing said on Wednesday. Total profits for the first 10 months of the current year fell 4.3% Y/Y to 5.87 trillion yuan (US$810.9 billion), worse than the 3.5 per cent drop recorded in the first nine months. China’s oil and steel industries are deeply in the red: the cumulative losses in the world’s biggest steel industry hit 34 billion yuan (S$4.76 billion)…

The UK government is set to review electric vehicle (EV) sales rules through a "fast track" consultation, following pressure from carmakers who argue that current sales targets are too ambitious given weaker-than-expected demand, according to the BBC.  Business Secretary Jonathan Reynolds is expected to announce the consultation at the Society of Motor Manufacturers and Traders’ annual dinner on Tuesday. Under existing rules, EVs must account for 22% of car sales and 10% of van sales this year, with non-compliance resulting in £15,000…

27 de noviembre de 2024.-El expresidente brasileño Jair Bolsonaro tuvo "plena conciencia y participación activa" de un frustrado plan de golpe de Estado en 2022 para impedir la asunción de Luiz Inacio Lula da Silva, según una investigación policial divulgada este martes. El líder ult...

The military regime in Mali has arrested four senior employees of a Canadian mining company as it continues to detain workers to pressure companies in the West African mining sector to pay millions in additional taxes. Barrick Gold (NYSE:GOLD) has revealed that four employees of its Loulo-Gounkoto mining complex in Mali have been detained pending trial, as a dispute over its local mining operations escalates. The giant gold miner says it will continue to engage with Mali's government to find an amicable settlement and ensure sustainable operations…

The military regime in Mali has arrested four senior employees of a Canadian mining company as it continues to detain workers to pressure companies in the West African mining sector to pay millions in additional taxes. Barrick Gold (NYSE:GOLD) has revealed that four employees of its Loulo-Gounkoto mining complex in Mali have been detained pending trial, as a dispute over its local mining operations escalates. The giant gold miner says it will continue to engage with Mali's government to find an amicable settlement and ensure sustainable operations…

As governments worldwide put increasing pressure on oil and gas companies to decarbonize, many have responded by pledging to expand their renewable energy portfolios and cut emissions in fossil fuel operations. However, despite big promises, little progress is being seen by most oil and gas majors, which suggests some might have so far overstated their commitment to a green transition.  In 2020, during the COVID-19 pandemic, when the global demand for oil sunk to a record low, several oil and gas companies turned their attention to renewable…

27 de noviembre de 2024.- Al menos dos caravanas avanzan por la costa de Chiapas y Oaxaca en busca de llegar al centro y norte de México. Cientos de migrantes ilegales salieron el pasado miércoles de la ciudad mexicana de Tapachula con la intención de llegar a la frontera con Estados Unidos antes...

27 de noviembre de 2024.- Organismos de seguridad detuvieron a 10 militares acusados de traición a la patria, entre otros delitos. Los detenidos son un oficial general, 3 oficiales superiores, 2 oficiales subalternos y 4 efectivos de tropa profesional, según fuentes castrenses. Uno de los dete...

Abu Dhabi’s oil company ADNOC is launching a new firm, XRG, which will be an international lower-carbon energy and chemicals investment company with an enterprise value of over $80 billion, the company pumping nearly all the oil of the United Arab Emirates (UAE) said on Wednesday. XRG will formally commence activities in the first quarter of 2025. Initially, XRG will focus on transformational global investments that create value across natural gas, chemicals, and lower-carbon energy solutions, ADNOC said in a statement. The independently…

Abu Dhabi’s oil company ADNOC is launching a new firm, XRG, which will be an international lower-carbon energy and chemicals investment company with an enterprise value of over $80 billion, the company pumping nearly all the oil of the United Arab Emirates (UAE) said on Wednesday. XRG will formally commence activities in the first quarter of 2025. Initially, XRG will focus on transformational global investments that create value across natural gas, chemicals, and lower-carbon energy solutions, ADNOC said in a statement. The independently…

Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory draw of 1.8 million barrels for the week to November 22. The change compared with a draw of 5.9 million barrels for the reported week as estimated by the American Petroleum Institute. It also followed an estimated inventory build of a modest half a million barrels for the previous week.  The partial confirmation of the API estimate will likely push prices higher but it would be countered by fuel inventory changes. In these, the EIA estimated…

Following the end of autumn maintenance season at refineries, Russia’s shipments of refined petroleum products have surged so far in November to their highest level in eight months, data compiled by Bloomberg showed on Wednesday. During the first 20 days of November, Russian fuel exports by sea averaged 2.3 million barrels per day (bpd), up by 18% compared to October, according to Bloomberg’s estimates on data compiled from analytics firm Vortexa. The surge in refined product exports came as several refineries returned from maintenance,…

En el marco de la Gran Misión Viva Venezuela Mi Patria Querida, el Ministerio del Poder Popular de Comercio Nacional, a través del Servicio Autónomo de la Propiedad Intelectual (SAPI), invita a todos los artistas, cultores y creadores caraqueños a participar en un Encuentro Formativo sobre el ...

El presidente boliviano aseguró que Bolivia participará en toda la cadena productiva para la extracción del mineral. La empresa boliviana Yacimientos de Litio Boliviano (YLB) y la china Hong Kong CBC Investment Limited firmaron este lunes un acuerdo para la producción de carbonato d...

For much of the past three years, tankers carrying Russian crude oil - usually in violation of Western embargo - skirted Western sanctions and oversight by engaging in so-called Ship-to-Ship (STS) transfers somewhere in the open sea far from prying eyes and even further from hostile coast guard supervision. The practice, usually carried out in secret with digital tracking beacons switched off or falsified, can help to obscure the origins of the oil, helping to beat sanctions. It also creates another layer of separation between the buyers and…

The ongoing OPEC+ oil production cuts and the improved compliance with quotas from some producers are supporting Brent Crude, offering a modest upside to oil prices in the near term, according to Goldman Sachs. The U.S. investment bank expects the OPEC+ cuts to be rolled over again and the easing of the output curbs could begin gradually in April 2025, after the first quarter of next year ends. “Saudi Arabia is more likely to extend oil production cuts because of the recent price drop and we now think that oil production cuts will last until…

Venezuela inicia hoy una jornada de cinco días de conmemoraciones y celebraciones, que se extenderá hasta el venidero 1 de diciembre. Este miércoles comienzan las actividades que tendrán como epicentro rememorar los 32 años de la rebelión cívico militar del 27 de noviembre de 1992, ...

La directora Ejecutiva de la Cámara Venezolana de Centros Comerciales (Cavececo), Claudia Itriago, manifestó que las tiendas comerciales dentro y fuera de los centros comerciales en el país arrancaron el «Black Week» y el «Black Friday». Asimismo, resaltó que...

Dos visiones distintas del nombre de Simón Bolívar, Libertador de América, son discutidas por los parlamentos de EE.UU. y Venezuela. Mientras los diputados del primero apuestan a recrudecer las sanciones contra el país suramericano, los otros buscan castigar severamente a quienes han pedido y ...

Durante la sesión ordinaria de este martes, el presidente de la Asamblea Nacional (AN), Jorge Rodríguez, anunció la reactivación de la comisión especial del parlamento destinada a investigar los delitos cometidos contra Citgo, la filial de Petróleos de Venezuela (Pdvsa). Destacó que...