Saudi Arabia Rushes Crude Exports Through Reopened Strait of Hormuz.
About 10 million barrels of Saudi crude have cleared the Strait of
Category: Business
Shell Offloads 50% Stake in Na Kika Platform for $1.7 Billion.
Shell has struck a deal to sell a 50% stake in the
America Bets $50 Billion on Coal and Gas Power as Electricity Demand Soars.
U.S. companies are set to spend some $50 billion on power generation
Congo strikes diamond deal with Swiss firm to boost local diamond processing.
The Democratic Republic of Congo (DRC), Africa’s second-largest diamond producer, is taking
China’s central bank debuts overnight reverse repo operation, withholding key interest rate
China’s central bank launched overnight reverse repo operations on Monday (Jun 29),
China factory activity grows faster than expected in June on tech export demand.
China’s manufacturing activity expanded faster than expected in June, with high-tech production
China Resources New Energy draws 6.4 trillion yuan in retail bids for biggest Shenzhen IPO.
China Resources New Energy’s Shenzhen initial public offering drew about 6.4 trillion
Central Banks Plan to Cut Dollar Reserves as Gold and AI Gain Prominence.
Central banks around the world are planning to reduce their holdings of
Months after talks began, UAE oil giant ADNOC nears $1 billion takeover of Shell’s South African business
UAE state oil giant ADNOC is nearing a $1 billion acquisition of
Asian Refiners Redirect Middle East Crude to the U.S. as Hormuz Flows Recover
Some Asian refiners have recently offered Middle Eastern cargoes to the U.S.