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World top copper producer Codelco saw profits plunge 85% in the first quarter of 2020, the company said on Friday, ravaged by the falling price of the red metal amid the global coronavirus pandemic.
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday.
Seeking to deter further shipments of Iranian fuel to Venezuela, the Trump administration has quietly warned foreign governments, seaports, shipping companies and insurers that they could face stiff U.S. sanctions if they aid the tanker flotilla, the U.S. envoy on Venezuela...
The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday.
Mexico's energy regulator has approved new rates that electricity providers must pay the national power utility for transmission, it said late on Thursday, as a dispute rumbles on between the private sector and government over industry rule changes.
The two biggest U.S. natural gas pipelines under construction are likely facing more delays after an appeals court ruling against the Army Corps of Engineers, energy analysts said.
Exxon Mobil Corp restarted on Friday the large crude distillation unit (CDU) at its 369,024 barrel-per-day (bpd) Beaumont, Texas, refinery, said sources familiar with plant operations.
A crude distillation unit (CDU) malfunction triggered a multi-unit outage early on Friday at Royal Dutch Shell Plc’s 225,300 barrel-per-day (bpd) Norco, Louisiana, refinery.
Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana's Atlantic coast, the company said in a statement on Friday.
Ukraine will privatise the thermal power producer Centrenergo in the second quarter of 2021 after finally succeeding in changing the company's management amid bomb threats and a legal battle, the head of the State Property Fund told Reuters on Friday.
The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on Thursday for the plant's immediate closure, saying measures to control the outbreak were not working.
Belgium's Financial Services and Markets Authority (FSMA) has expanded an investigation it started in September into zinc group Nyrstar, which is now owned by commodities trader Trafigura, the regulator said on Friday.
U.S. and Canadian energy firms cut the number of oil and natural gas rigs operating to a record low as they slash spending on new drilling after global coronavirus lockdowns caused energy prices and demand to collapse.
In late April, Evaldo Fidelis, a 35-year-old tractor operator at Vale SA's massive iron ore mine in northern Brazil, came down with a dry cough.
French energy major Total now faces a revenue shortfall of at least $12 billion due to the crash in oil prices, CEO Patrick Pouyanne said on Friday, a third higher than its previous forecast made two months ago.
Occidental Petroleum Corp shareholders on Friday elected all 11 directors, approved the issue of new shares and warrants and a poison-pill measure, the first shareholder votes on last year's $38-billion acquisition of Anadarko Petroleum.
Indonesia will keep its export tax for crude palm oil at zero for a third month in June, the country's trade ministry said in a statement on Friday.
U.S. petroleum inventories increased sharply last week as the fleet of tankers sent from Saudi Arabia at the height of the volume war started to discharge their crude while the recovery in domestic fuel use remained sluggish.
A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said.
Brazilian mining company Vale SA said in a securities filing on Friday that its Itabira iron ore mining site was ordered shut under an order from the labor authorities, but that it was able to immediately reverse that order after obtaining a favorable court injunction.
(This May 28 story corrects to remove reference to COFCO as the owner of the grounded ship in paragraphh 6)
United States Oil Fund LP, the country's largest crude exchange-traded fund, is being investigated by U.S. regulators over whether its risks were properly disclosed to investors, Bloomberg reported on Friday.
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction.
As coronavirus lockdowns disrupt food supply chains and shuttered restaurants curb demand for some of their produce, Belgium's farmers are grappling with another crisis - drought.