Articles by Rebecca Torres
Rio Tinto Bauxite Diverted Amid Hormuz Blockage, Aluminium Prices Surge
A Rio Tinto bauxite cargo from Australia has been diverted to China following a blockage in the Strait of Hormuz, contributing to a spike in aluminium prices as Gulf smelters face supply shortages.
Silver Retreats as Dollar Gains, Oil Spike Delay Rate Cut Bets
Spot silver declined 0.3% to $84.07 per ounce, paring deeper losses, as a strong dollar and soaring oil prices above $119 rattled markets and delayed expectations for U.S. rate cuts.
Gold Retreats as Oil Spike Fuels Dollar Rally, Rate Cut Doubts
Spot gold declined 1.2% to $5,109.39 per ounce Monday as a sharp rally in oil prices and a stronger U.S. dollar revived inflation concerns, reducing expectations for imminent Federal Reserve interest rate cuts.
Middle East Conflict Sparks Historic Oil Price Surge, Strains Global Supply
Oil prices surged dramatically on Monday, with Brent crude briefly exceeding $119 per barrel, following supply disruptions in the Middle East linked to regional conflict. Governments and companies scrambled to respond to the market shock.
Qatar LNG Outage Sparks Global Gas Price Surge
European natural gas benchmarks jumped sharply Monday after a major LNG facility shutdown in Qatar, tightening global supply and pushing prices higher across key markets.
Ecopetrol Eyes 2026 Budget Hike Amid Oil Surge, Eyes Venezuela Entry
Colombia's Ecopetrol could revise its 2026 capital spending upward in April if current high oil prices persist. The state energy firm also continues to pursue U.S. approvals for potential ventures in neighboring Venezuela.
Denison Mines Approves Construction of Phoenix ISR Uranium Mine, Targets 2028 Production
Denison Mines Corp. has received board approval to commence construction of the Phoenix in-situ recovery uranium mine in Saskatchewan, with site preparation scheduled to begin in March 2026. The company targets first production by mid-2028 at an estimated capital cost of C$600 million.
Rio Tinto and WA Government Launch $1.1B Desalination Plant to Ease Pilbara Water Crisis
Rio Tinto and the Western Australian government have formed a joint venture to complete the A$1.1 billion Dampier Seawater Desalination Plant. The project aims to deliver 8 billion litres of water per year to the water-stressed West Pilbara region, with initial output starting in late 2026.
BP Evacuates Staff from Iraq Oilfield After Drone Incident, Fueling Supply Concerns
BP removed international staff from Iraq's Rumaila field following a drone security incident, adding to supply disruptions that have already cut Iraqi output by 1.5 million barrels per day.
Shell Secures Venezuela Gas Deal, Targets 2027 Exports to Trinidad
Shell has finalized oil and gas agreements with Venezuela to develop the offshore Dragon field, with initial gas exports to Trinidad targeted for the third quarter of 2027. The deal follows new U.S. licenses easing sanctions on Venezuela's energy sector.
Mineral Resources Achieves Full Crusher Capacity at Onslow Iron Project
Mineral Resources has activated three crushers at its Ken's Bore operation, achieving installed capacity of 40.9 million tonnes annually. The company shipped 8.7 million tonnes from Onslow Iron last quarter while working to reduce its A$4.9 billion net debt.