Saudi Aramco reported net profits of $104.7 billion for 2025, down by 12% on the year amid persistently low oil prices last year. The company also said it would buy back...
Saudi Aramco has begun reducing oil production at two of its fields as the disruption around the Strait of Hormuz starts to choke off crude exports across the Gulf. The move...
The deal will be executed through an Australian scheme of arrangement under which Pan African will acquire 100% of Emmerson’s issued share capital, giving Emmerson shareholders about 4.24% of...
South Korea struck a deal Friday to ship around four million barrels of oil from the United Arab Emirates, bolstering supplies as the US-Israel war on Iran upends energy...
Oil prices surged again on Friday, putting crude on track for its biggest weekly gain in years as disruptions to Middle East supply and tanker traffic through the Strait...
Shell and Kazakhstan have signed an agreement for oil and gas exploration in the Zhanaturmys block in western Kazakhstan, the Kazakh Energy Ministry said on Thursday. The agreement – signed by...
In a statement, the department said the capital commitment by Rio Tinto’s subsidiary Richards Bay Minerals (RBM) reflects growing cooperation between industry, government and host communities. RBM, which is...
The agreement was reached during a meeting between Ghana’s communications minister, Samuel Nartey George, and Huawei senior vice president Steven Yi on the sidelines of the annual global technology...
This latest acquisition brings Nigeria’s total gold holdings to $3.5 billion, marking a major milestone in the central bank’s reserve diversification strategy. The gold was supplied through the National...
China said on Thursday that it would inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic risks, and boost financing for technology companies amid...