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Mining
URGENT: OPEC+ 24-25 oil demand forecast unchanged
OPEC+ maintains oil movement forecast for 2024/2025 from last month, as per the group's monthly report released on…
Angola to boost offshore production incentives
Angola's President Joao Lourenco is poised to greenlight a law by June, introducing fresh incentives to foster…
UAE’s Mubadala Energy makes 2nd gas discovery in Indonesia
Mubadala Energy, based in Abu Dhabi and overseeing the South Andaman Gross Split PSC, announced a significant gas…
Australia to boost critical minerals sector in upcoming budget
Australia is gearing up for a significant boost to its critical minerals industry in its upcoming budget, with…
Anglo American revises diamond production forecast
Anglo American Plc has revised its diamond production forecast for the year downwards due to ongoing challenges in…
Australia’s gov. set to allocate $585m in loans to 2 mining companies
Australia's government is set to allocate a total of A$585 million ($375 million) in loans to two mining companies,…
BofA revises ’24 Brent, WTI oil price forecasts
Bank of America's (BofA) Global Research has revised its 2024 Brent and WTI oil price forecasts, citing heightened…
UAE’s Lunate acquires 40% in ADNOC pipelines
Lunate, an Abu Dhabi-based alternative investor, acquired a 40 per cent stake in ADNOC assets from BlackRock and…
ADNOC prioritises Murban over Zakum
UAE's Upper Zakum crude exports dropped significantly as Abu Dhabi National Oil Company (ADNOC) prioritised…
China’s coal output drops by 4.2% in Jan-Feb
China's raw coal production dropped by 4.2 per cent year on year (YoY) to 710 million tonnes during the initial two…