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Brazil gets approval for 13 meatpacking plants for China exports

Chinese authorities have approved 13 meatpacking plants in Brazil for the export of meat products to the Asian country, Brazilian agriculture minister Tereza Cristina Dias tweeted on Tuesday.

Linde raises 2019 profit guidance for third time after price hikes

Linde plc <LIN.N> on Tuesday raised its 2019 earnings per share (EPS) growth forecast for the third time after it raised prices even as the economic outlook worsened.

Oil rises further above $62 as trade hopes support

Oil rose further above $62 a barrel on Tuesday, supported by hopes that U.S. President Donald Trump may signal progress on trade talks with China and lower inventories at a U.S. oil hub.

Drilling boom adds stress to U.S. western water supplies: report

About 60% of federal oil and gas drilling leases offered since 2017 are located in areas that are at risk of shortages and droughts, according to a report released on Tuesday.

Latest News

Indonesian nickel miners consider selling ore locally ahead of 2020 ban

Indonesia's nickel miners are prepared to sell their ore to local smelters if they are offered competitive pricing compared with overseas buyers, the secretary general of the nickel miners association Meidy Katrin Lengkey said on Tuesday.

Indian Oil in talks with Rosneft to import Russian oil

Indian Oil Corp, the country's top refiner, is in talks with oil major Rosneft to explore possibility of importing Russian oil, its chairman Sanjiv Singh said on Tuesday.

Eni CEO doesn't rule out interest in Dana Gas Egypt assets, but not a priority

Eni's chief executive does not rule out a possible interest for the Egyptian assets of Dana Gas but says any potential bid is unlikely since the Italian major already has a lot of resources in the area.

Japan steelmakers cut profit forecast as weak Asian markets trim margins

The top three Japanese steelmakers reduced their annual profit forecasts this month as slumping steel prices in Asia eroded their export margins while slower auto demand overseas and falling usage in machinery at home forced them to cut output.

Coal communities and the demonization of Thatcher and Obama: Kemp

Mine closures and employment losses have left deep economic, social and political scars on the main coal-producing regions of the United States and the United Kingdom.

Vietnam's coal, crude oil imports surge on rising energy demand

Vietnam's coal and crude oil imports surged in the first ten months of this year, government data released on Tuesday showed, highlighting the Southeast Asian country's increasing reliance on imported energy to support its fast-growing economy.

Nationalizing Italy's Ilva steel plant would cause trouble with EU: Deputy Econ Min

Nationalizing the troubled Ilva steel plant would create problems with the European Commission, and the government should work on a "market solution" if ArcelorMittal pulls out of a contract to take over the site, Italy's Deputy Economy Minister Antonio Misiani said on Tuesday...

India to invite foreign firms to invest in state-owned oil companies

International energy firms will be invited to participate in India's privatization of state-owned oil companies, the country's Oil Minister Dharmendra Pradhan said late on Monday.

Philippines' PXP eyes Malampaya facilities for South China Sea gas project

PXP Energy Corp said on Tuesday it has submitted an unsolicited proposal to the Philippines' Department of Energy to develop and utilize the Malampaya natural gas facilities in the South China Sea for a planned integrated gas hub venture.

Ransomware attack at Mexico's Pemex halts work, threatens to cripple computers

A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers' latest bid to wring ransom from a major company.

Mexico's Pemex says operations normal after cyber attack

Mexico's state oil firm Pemex said on Monday that attempted cyber attacks the day before were "neutralized" in a timely matter and affected less than 5% of its computers.

PBF restarts Chalmette, La., hydrotreater early: sources

PBF Energy began restarting the cat feed hydrotreater at its 190,000-barrel-per-day (bpd) Chalmette, Louisiana, oil refinery on Monday, a day ahead of schedule, two sources familiar with the plant's operations said.

Exclusive: Occidental seeks up to $700 million for Anadarko assets in Wyoming, Colorado - sources

Occidental Petroleum Corp is soliciting bids for oil and gas properties in Wyoming and Colorado that it acquired when it purchased Anadarko Petroleum, hoping the assets will fetch up to $700 million, according to people familiar with the matter.

Brazil's Petrobras delists shares on Argentina stock market

Brazil's state-run oil company Petroleo Brasileiro SA <PETR4.SA> has completed the process of delisting its shares on the Argentine stock market, it said in a securities filing on Monday.

PG&E to offer $13.5 billion in compensation to wildfire victims: Bloomberg

Bankrupt California power producer PG&E Corp is offering $13.5 billion in compensation to wildfire victims as part of a restructuring plan, Bloomberg reported on Monday, citing people with knowledge of the situation.

Record Arctic cold may hit U.S. Gulf Coast, damage crops

An Arctic blast pummeling the northern United States on Monday is forecast to break more than 400 cold-temperature records in the next 48 hours and bring a potentially crop-damaging freeze to Texas and other Gulf states.

ECB Group hires UBS, Barclays as financial advisors for large HVO plant

Brazil's ECB Group said on Monday it has hired banks UBS and Barclays to act as financial advisors for the funding of Latin America's first large-scale plant to produce renewable fuels HVO and SPK.

Grain traders oppose end of Brazil's soy ban in Amazon rainforest

Brazil's soybean traders association Abiove said on Monday it opposes a movement led by some farmers to end the country's so-called soy moratorium, an agreement that bars trade in soy grown in newly deforested areas in the Amazon rainforest.

PBF restarts Chalmette, La., cat feed hydrotreater early: sources

PBF Energy began restarting the cat feed hydrotreater at its 190,000-barrel-per-day (bpd) Chalmette, Louisiana, refinery on Monday, about a day ahead of schedule, sources familiar with plant operations said on Monday afternoon.

U.S. frack sand suppliers latest casualties in shale industry slump

The companies that provide sand for hydraulic fracturing operations are the latest casualties of shale industry cutbacks as low oil prices and demands for higher investor returns stunt drilling activity.

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