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Mining
China’s lithium boom slows as price slumps hit high-cost miners
A drop in lithium prices is impacting China's mining of the metal, used in electric car batteries, Reuters reported…
Indonesia to finalise RKAB by end of March
Indonesia has granted mining production quota requests and aims to finalise the process by the end of this month.
Pertamina to boost exploration activities
Indonesia's Pertamina aims to boost exploration activities in the nation's eastern territories to reinforce…
Russian oil to India faces new challenges
Russian oil exports to India are at risk amid new US sanctions imposed on Moscow, this move adds complexity to the…
Iraq’s output will not exceed 4mln bpd
Iraq is committed to producing no more than 4 million bpd following the announcement of its second voluntary cut in…
China, Indonesia to cut nickel output amid price slump
China and Indonesia plan to cut their nickel production this year in an effort to minimize losses after the price…
Global oil market turns local amid Red Sea unrest
Oil market appears more localised, as the ongoing Red Sea unrest and rising freight rates made supplies from closer…
Shell revenues drop to 30% in ’23
Shell reported 2023 revenues of $28 billion, down 30 per cent from the previous year's record, due to the decline…
US pause on LNG export raises Japan’s concerns over new projects
The temporary suspension of US export licenses raised Japanese concerns that the launching of new LNG facilities in…
Saudi Aramco requested to cut max capacity target back to 12 mbpd
Saudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity from…