Finance Minister: Indonesia's growth in 2025 will be around 5%, despite trade tensions
Indonesia's growth will probably remain around 5% this year despite the trade tensions. The finance minister stated that a government delegation was still negotiating with Washington in order to avoid high tariffs. Minister's forecast is about the same as last year's growth rate of 5.03%.
Treasury: US sanctions target Iranian LPG magnate, Treasury.
Treasury Department: The United States announced new sanctions against Iranian liquefied gas magnate Seyed Asadoollah Emamjomeh, and his corporate networks, on Tuesday, amid ongoing discussions with Tehran about its nuclear program.
Shell completes survey of Venezuelan gas field as winding down of license approaches
Shell, the oil and gas company, plans to finish a marine survey of the offshore Dragon gas field in Venezuela before the May deadline set by the United States to close all energy licenses in the country. According to LSEG vessel tracking data…
Asian countries are looking to purchase more US energy in order to balance trade imbalance
As they try to reduce their trade surpluses with Washington, Asian governments are buying more U.S. gas and oil in order to ease their tariff burdens due to President Donald Trump’s new import duties. Many Asian countries have large trade surpluses and also are major energy importers.
Asian countries are looking to purchase more US energy in order to balance trade imbalance
As they try to reduce their trade surpluses with Washington, Asian governments are buying more U.S. gas and oil in order to ease their tariff burdens due to President Donald Trump’s new import duties. Many Asian countries have large trade surpluses and also are major energy importers.
South Korea and Vietnam boost their economic ties despite looming US trade tariffs
South Korea and Vietnam have agreed to expand their economic cooperation following a ministerial meet on Monday. This comes at a time of great urgency for both countries to reduce the impact of possible U.S. Tariffs. Ahn Duk-geun, South Korea's Minister of Industry…
European shares increase as Trump lowers China tariffs
After U.S. president Donald Trump exempted smartphones and computers from China's steep tariffs, a rally in technology shares helped lift European stocks on Monday. This provided markets with a breather after weeks of sharp fluctuations.
Yonhap reports that South Korea is seeing Trump start tariff talks with Seoul and Japan, as well as India.
Han Duck-soo, South Korea's acting president, said that Donald Trump, the U.S. president, appeared to have ordered on Monday that talks about tariffs begin immediately with South Korea and Japan, Yonhap News Agency reported. Han said that he also expected a video conference between U.S.
Spain's imports from Venezuela of oil are increasing as the US sanctions deadline approaches
Spain's crude imports from Venezuela increased by 59% in January and Februrary compared to a year ago as the deadline for a major sanctions imposed by President Donald Trump's Administration approaches. Cores, the energy and environment ministry of Spain…
Washington has revoked Repsol's license to operate in Venezuela
A company spokesperson announced on Monday that U.S. officials had notified Repsol of the revocation of its license to import oil from Venezuela. Meanwhile, Spain's Foreign Minister promised to protect Repsol's interest. The spokesperson…
Can Trump's drive for critical minerals pass the test of copper? Andy Home
The executive order issued by U.S. president Donald Trump on increasing domestic mineral production is designed to cut through the mine permit maze in the United States. According to S&P Global, it takes on average nearly 29 years to bring a new mine from discovery to production.
Brazil's Minister says that the US tariff talks will continue, and he links ethanol to sugar
The Brazilian Finance Minister Fernando Haddad stated on Thursday that his government anticipates long tariff negotiations with the United States. He also suggested that they will include trade discussions regarding sugar and ethanol.
The head of Trump's Energy Loan Office departs this week
The U.S. Department of Energy announced on Tuesday that the head of the U.S. Government's Energy Loans Office, which has provided funding to projects ranging from nuclear power and a sustainable aviation fuel facility supported by one of Donald Trump's Republican colleagues…
USTDA: US to invest in energy projects abroad to boost exports
Thomas Hardy (Acting Director of the U.S. Trade and Development Agency, USTDA) said that the U.S. Government is interested in investing in energy projects across Africa, Latin America and Asia, which could lead to increased U.S. exports.
Terabase Energy receives $130 Million to expand solar technology
Terabase Energy, a solar technology company, announced Thursday that it had secured funding from SoftBank of $130 millions to scale up its technology for large projects. Terabase Energy now has a total of $200 million in funding, making it the largest funding round in its history.
Ministers and executives say that if sanctions are eased, Europe will avoid Russian energy.
Ministers and executives at a Houston conference said that European buyers will not return to Russia's Energy Sector if the sanctions are lifted. The bloc has diversified its power mix by using renewable energy and alternative suppliers of gas. According to a joint U.S.
CERAWEEK - Small nuclear power struggles on the cusp of US electric demand boom
Small modular nuclear reactors are touted by everyone from the U.S. Energy Secretary to Big Tech as the answer to the booming demand for power. However, the technology has struggled to reach commercialization due to cost and regulatory obstacles.
Report: Solar power will account for 84% of the new US electricity added in 2024.
A report released on Tuesday stated that solar energy contributed 84% of the new electricity generation capacity to the U.S. grid in the past year. However, the industry will face challenges with the new energy policies adopted by the U.S. government.
The U.S. fails to give Japan's Trade Minister a tariff exemption guarantee.
Japan's Trade Minister said on Monday that he had asked the United States to not impose tariffs on Japan, but he did not receive any assurances of Japan being exempted, including from a 25% duty on steel and aluminum set to begin on Wednesday. After meeting with U.S.
Sources: Trump wants to refine minerals on Pentagon bases in order to boost US production
U.S. President Donald Trump aims to build metals refining facilities on Pentagon military bases as part of his plan to boost domestic production of critical minerals and offset China's control of the sector, two senior administration officials told .
