OPEC negotiations failed. Oil first rose in price and then fell
As on a roller coaster, oil trade developed on Tuesday. The brent price first shot to $ 78 a barrel, to drop below $ 75 in the afternoon of Central European Summer Time. The failure of the OPEC + countries to act is to blame.
Norwegian energy giants are investing in oil and gas exploration
Norwegian companies Equinor and Aker BP have unveiled their plans to develop oil and gas production in the Norwegian and North Seas at existing fields. They are convinced that the fields have only been mined by about half so far.
A rich lithium deposit has been discovered in Mexico. But it has a catch
The ore contains an unusually high concentration of lithium in a deposit discovered in northwestern Mexico near the city of Bacanora. According to the National...
Rio Tinto merges with Schneider Electric for decarbonization
Multinational mining company Rio Tinto will start working with French group Schneider Electric to achieve decarbonisation targets.
Rio Tinto and Schneider Electric have agreed to...
Oil will remain above $ 70 a barrel, traders estimate. One hundred dollars is...
The world's largest oil traders estimate that the price per barrel will remain above $ 70. According to them, the demand for black gold will...
Continued miners’ strike in Chile is fueling copper prices
The price of copper on the Shanghai Stock Exchange has risen to more than $11,600 a tonne. Also on the New York Commodity Exchange, a...
America reports the highest inflation since the financial crisis. Wall Street weakens sharply
April inflation in the United States uncomfortably surprised investors and analysts alike. The consumer price index was up 0.8 percent year-on-month, its highest reading since...
Oil cheaper amid fears of rising coronavirus epidemic in India
A barrel of Brent crude oil was trading at $66.5 on Tuesday, a nearly 1 percent discount from the previous day. Behind the price drop are fears of a rise in the coronavirus epidemic in India, which could weaken demand for black gold.
The price of oil hit a four-week high. Demand for it will increase
A barrel of Brent crude oil was trading near $67 on Thursday. This is the last time oil reached this level four weeks ago. After a slight cooling of the market following the OPEC+ meeting, the trend is beginning to reverse.
The European Union has introduced import duties on Chinese aluminum
Imports of Chinese aluminum into the European Union will be subject to customs duties. Officials from the European Commission found that the price at which the metal was imported into the Union did not comply with the competition rules and was set unfairly low.
