Brazil prepares a new oil auction amid trade war threats to budget, sources claim
Four people with knowledge of the situation said that Brazil is planning to auction off stakes in offshore oil fields this year as a way to increase revenue. The plan has…
US lawmakers block IMF Central Africa Support over Oil Fund Dispute
U.S. legislators have introduced legislation to block International Monetary Fund assistance for certain Central African countries in order to protect billions of dollars…
US lawmakers block IMF Central Africa Support over Oil Fund Dispute
U.S. legislators have introduced legislation to block the International Monetary Fund's (IMF) assistance for certain Central African countries. This is in order to protect…
Mexico's Finance Ministry estimates crude oil production at 129,000 bpd less than target
Mexico has lowered its average crude oil production estimate for this year, citing "prudent" approach that takes into consideration the trajectory of the early months of the year.
Mexico's budget draft shows that the government expects economic growth of at least 1.5% by 2025.
The Mexican government expects the economy to grow between 1.5% and 2.3 % this year. This is down from an earlier estimate of 2.0% - 3.0%. Mexico's economy is expected to enter a recession…
Vietnam announces that it will reduce tariffs on a number of U.S. goods
The head of the Finance Ministry’s tax policy division said that Vietnam would reduce its tariffs on a number of U.S. goods, including cars and LNG, in order to avoid being charged U.S.
Russia's budget revenues from oil and gas fell 18% year-on-year in February
The Russian oil and gas revenues fell by 18.4% to 771.3 billion rubles ($8.62billion) in February compared with the same period a year earlier, according to data released on Wednesday by the Finance Ministry.
Pemex CEO: Buyers of Mexican crude oil complain about salt and water content
The CEO of the state energy company Pemex, Victor Rodriguez, said that buyers have complained about the water and salt content in Mexico's crude oil over the last month.
India reviews tariff surcharges on luxury goods, renewables and chemicals amid US pressure
India will review the import tariffs for over 30 items, including luxury cars and photovoltaic cells. This could lead to a rise in imports from America, according to a senior official at the finance ministry.
China's tariff retaliation is aimed at its modest US energy imports
China is the largest energy importer in the world, but its purchases of US crude oil, LNG and coal are relatively modest. This reduces the impact of Beijing’s Tuesday move…
Sources say that Kretinsky EPH is among the suitors who have approached Uniper about its EPH.
Three people with knowledge of the matter claim that Berlin has approached Daniel Kretinsky, a Czech billionaire, about buying German state-owned utility Uniper. Sources…
Indonesia will increase crude palm oil export tax to 10%
Indonesia's chief economic minister announced on Thursday that it will increase the export levy on crude palm oil (CPO), from 7.5% to 10%, to fund higher biodiesel subsidy.
Canada will impose new tariffs on Chinese imports during the New Year
The government's latest fiscal update revealed that Canada will impose tariffs as soon as next year on a number of Chinese products as part of a larger investigation into the imports of the country.
Norway's wealth fund will probe shoemakers and crypto firms in 2025 for ethics
Next year, the Norwegian sovereign wealth fund will investigate the potential ethical violations of shoemakers, crypto-firms and gambling operators that the fund holds, leading it to sell its holdings.
Document shows that the Norwegian wealth fund's ethics watchdog will be scrutinising shoe manufacturers and crypto companies by 2025.
Next year, the ethics watchdog of Norway's $1.8 billion wealth fund will investigate shoe manufacturers, cryptocurrency firms, casino and gambling companies for possible ethical violations…
US soyoil prices jump as China reduces export incentives for biofuel feedstocks competing with US soyoil
U.S. Soyoil Futures rose 2% on the Friday after China announced it would reduce export incentives for certain products, including used cooking oils. Used cooking oil is a low-cost source of feedstock that U.S.
Three Industrial Projects for Le Havre Announced
The French government has selected winning proposals for a hydrogen import terminal, a renewable fuels facility and a lithium production factory to be built at the state…
Russian oil and Gas Revenues Jump 57% m/m In October
The Finance Ministry reported on Tuesday that the proceeds from oil and natural gas sales to Russia's federal government in October increased by 57% compared to September…
Norway will increase spending on its wealth fund to $43 billion by 2025
The Norwegian minority government announced on Monday that it will raise public spending from Norway's $1.8 trillion sovereign fund in 2025 to pay for expenses. Elections…
VEGOILS - Palm extends its winning streak on concerns about output; firm ringgit is a factor
The price of Malaysian palm oils futures increased for the fifth consecutive session on Tuesday, despite concerns about production. A stronger ringgit and cancellations by India…
