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Congo's gold being smuggled out by the tonne, U.N. report finds

福利网站Gold production in Democratic Republic of Congo continues to be systematically underreported while tonnes of the precious metal is smuggled into global supply chains through its eastern neighbours, a United Nations report has found.

Exclusive: Venezuelan shipping magnate faces U.S. sanctions probe - officials

The United States is investigating a Venezuelan shipping magnate for possibly violating U.S. sanctions by bringing fuel to gasoline-short Venezuela, according to two senior Trump administration officials.

Oil prices see weekly loss on virus resurgence fears

福利网站Oil was little changed on Friday and logged a first weekly decline since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand.

Canada's oil patch cuts back climate efforts under pandemic

Canadian oil sands companies have shelved nearly C$2 billion in green initiatives in a cost-cutting drive to weather the coronavirus pandemic, a reversal in some of their commitments to reduce emissions and clean up their dirty-oil image.

Latest News

China Moly chairman steps down, takes M&A role in reshuffle

China Molybdenum Co <603993.SS> <3993.HK> chairman Li Chaochun has resigned from his position but will remain vice chairman and chief investment offer in a management shuffle, the mining company said late on Friday.

Petrobras refineries running near pre-pandemic levels amid strong demand

福利网站Utilization rates at refineries owned by Brazil's Petrobras are nearing pre-pandemic levels, as lower fuel imports by competitors and resilient international demand for bunker fuel provide a boost, the state-run company told Reuters on Friday.

Coronavirus slams West Africa's cashew market, some crops left to rot

Olivier Gore-Bi took out loans to ready his 12-acre cashew farm in Ivory Coast for harvest. He is now leaving some of his crop to rot after the COVID-19 pandemic accelerated a fall in prices in the world's top cashew-farming region to unprofitable lows.

Nigeria's daily oil output overfull OPEC+ deal -Kyari

福利网站Nigeria's current daily oil production overcomplies with its promised cuts under an agreement among major oil producers, the head of the state oil company said on Friday.

Exclusive: Pemex proposal would sharply cut drilling rigs from private service firms

Mexican national oil company Pemex has proposed slashing the number of privately owned drilling rigs used this year and next in an internal planning document seen by Reuters.

Exxon weighs letting Beaumont, Texas, refinery expansion slip into 2023: sources

福利网站Exxon Mobil Corp is considering slipping the completion of an expansion of its Beaumont, Texas, refinery by up to a year into 2023 because of the impact of the COVID-19 pandemic on oil demand, said sources familiar with the company’s plans.

Trump administration delays big Wyoming oil and gas lease sale

The Trump administration has shelved a large oil and gas lease sale in Wyoming that was scheduled for later this month, according to a government spokeswoman, the sixth such postponement in the last month.

Total reviewing pipeline to Grandpuits oil refinery after leaks

福利网站French energy group Total is conducting an audit of a pipeline that supplies its Grandpuits refinery near Paris following leaks in recent years, a spokesman said on Friday.

BlackGold raising $600 million for direct oil & gas lending, sources say

Houston-based investment firm BlackGold Capital Management is aiming to raise $600 million for a private fund that will lend directly to the beleaguered oil and gas sector, according to two sources familiar with the matter.

EQM delays WV-VA Mountain Valley natgas pipe to early 2021

EQM Midstream Partners LP delayed the expected completion of its Mountain Valley natural gas pipeline from West Virginia to Virginia to early 2021 and said it could boost the $5.4 billion project's cost by 5% to around $5.7 billion.

U.S. report on child labour on West Africa cocoa farms faces review after criticism

福利网站A forthcoming U.S. report that shows child labour has risen in the West African cocoa sector is to be reviewed independently after Ivory Coast and Ghana objected to the methodology, the U.S. Labor Department said on Friday.

Exxon Beaumont, Texas, refinery reformer upset leads to flaring: sources

A malfunction on a reformer at Exxon Mobil Corp’s 369,024 barrel-per-day (bpd) Beaumont, Texas, refinery led to flaring on Thursday, sources familiar with plant operations said on Friday.

China's Zijin Mining to buy Guyana Goldfields for $238 million

China's Zijin Mining <601899.SS> <2899.HK> said on Friday it would acquire Guyana Goldfields <GUY.TO> for C$323 million ($238 million), bringing an end to a protracted takeover battle for the Canada-listed gold miner.

Saudi oil market share set to hit highest since 1980s: J.P. Morgan

Saudi Arabia's share of the oil market is set to rise this decade to its highest since the 1980s as investment in production elsewhere dries up in the wake of the coronavirus crisis, J.P. Morgan said in a report.

What rebound? North Dakota in economic crunch as virus batters oil, agriculture

When the novel coronavirus first appeared in the United States, North Dakota was in the envious position of having more money in its state coffers than it had budgeted.

OPEC+ panel meeting next week will advise on policy, not decide: sources

LONDON/MOSCOW - An OPEC-led panel meeting to review the oil market next week will advise the wider OPEC+ group cooperating on a record supply cut, five OPEC+ sources said, meaning further talks would be needed on whether to extend the agreement further.

Column: U.S. gasoline consumption rebounds, jet stays depressed - Kemp

U.S. petroleum consumption is rebounding strongly, led by gasoline, as stay-at-home orders are lifted, but recovery in diesel has been erratic, and there is no sign of a return in jet fuel use yet.

Severstal says 'no' to Europe as Thyssenkrupp's options narrow

Russian steelmaker Severstal <CHMF.MM> has no plans to get involved in industry consolidation in Europe, its finance chief said, effectively narrowing a list of potential partners for Germany's Thyssenkrupp <TKAG.DE>.

Former Coastal Oil execs charged in $340 million scheme to cheat banks

Two former employees of Singapore marine fuel firm Coastal Oil were charged on Friday for allegedly being involved in a series of offences to cheat eight banks of more than $340 million.

U.S. bill on Russian gas pipeline breaches international law: Germany

福利网站A U.S. Senate bill seeking to expand sanctions on Russia's Nord Stream 2 natural gas pipeline to Europe would be in breach of international law, an ally of German Chancellor Angela Merkel said on Friday.

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