Vitol and Trafigura, two of the world’s largest commodity traders, are in talks with the administration of U.S. President Donald Trump about the marketing of Venezuelan oil, four sources familiar with the matter said. European trading houses have traditionally...

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Asia’s diesel spot activity ticked up as refiners emerged to start their February sales, though discussions on the trading window remained muted and market structure remained in a slight backwardation. At least three major refiners in northeast Asia sought to sell...

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The new year has only just begun, and already we have seen an event with massive significance for the world of energy. The US operation to remove Venezuelan President Nicolás Maduro opens a new era for a country that holds – according to some definitions – the world’s...

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The U.S. needs to control Venezuela’s oil sales and revenue indefinitely to stabilize that country’s economy, rebuild its oil sector and ensure it acts in America’s interests, top U.S. officials said on Wednesday. The comments reflect the importance of crude oil to...

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Growth in the artificial intelligence and defense sectors will boost global copper demand 50% by 2040, but supplies are expected to fall short by more than 10 million metric tons annually without more recycling and mining, the consultancy S&P Global SPGI said on...

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Indonesia may approve a coal output quota of “more or less” 600 million metric tons in 2026 and will adjust its nickel quota according to the industry’s needs, Energy and Mineral Resources Minister Bahlil Lahadalia said on Thursday. The output quota level will be...

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