ADNOC’s Ruwais LNG to earmark 40% stake to Shell, Total, BP, Mitsui, sources say
By Ron Bousso, Marwa Rashad and Emily Chow LONDON/SINGAPORE (Reuters) – Abu Dhabi National Oil Company (ADNOC) has earmarked a 40% stake in its Ruwais liquefied natural gas (LNG) project…
Citi revisits its oil prices forecast for 2024
Citi analysts say geopolitical tensions and extreme weather events remain risks for oil prices in the near term. They point to conflicts in the Middle East and Hurricane Beryl as…
Morning Bid: Labor in focus – US jobs, new UK government
A look at the day ahead in U.S. and global markets from Mike Dolan While U.S. markets return from the Independence day holiday to assess significant cooling of the labor…
China reveals next steps in EU brandy probe as EV tariffs take effect
By Joe Cash BEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tensions on the same day the European Commission’s…
Dollar slips ahead of payrolls; sterling gains post election
Investing.com – The U.S. dollar retreated in early European trade Friday ahead of the key monthly jobs report, while sterling edged higher after the result of the U.K general election.…
UK election-winner Starmer inherits weak economy with ‘no magic wand’
By William Schomberg LONDON (Reuters) – Britain’s next prime minister Keir Starmer spent the election campaign accusing Rishi Sunak’s Conservatives of “14 years of economic failure”, but he has no…
Ukraine navy chief says Russia is losing Crimean hub in Black Sea
By Tom Balmforth ODESA, Ukraine (Reuters) – The Russian navy’s Black Sea Fleet has been forced to rebase nearly all its combat-ready warships from occupied Crimea to other locations, and…
Analysis-China, struggling to make use of a boom in energy storage, calls for even more
By Colleen Howe BEIJING – Rows of what look like thin, white shipping containers are lined up on a barren dirt field in China’s Shandong province. Filled with batteries, they…
Gold prices advance as dollar sinks ahead of payrolls data
Investing.com– Gold prices rose in Asian trade on Friday, extending recent gains as the dollar retreated before key nonfarm payrolls data that is expected to provide more cues on interest…
Factbox-How China’s EV battery makers stack up in energy storage
China’s EV battery giants CATL (SZ:300750) and BYD (SZ:002594) are eyeing the growing market for stationary energy storage. Here are the numbers behind their energy storage business: CATL has ranked…
