Articles by Rebecca Torres
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.
South32 Targets 90% Base Metals Output in Strategic Shift to Americas
South32 aims to derive 90% of its production from base metals like copper and zinc within the next year and a half, accelerating its strategic pivot toward North American assets. The shift comes amid a CEO transition and the planned idling of its Mozal aluminum smelter in Mozambique.
Evolution Mining Plunges 6% as Gold Miners Retreat Despite Bullion Gains
Evolution Mining shares dropped 5.98% to A$14.79, leading a sector-wide decline as gold miners faced selling pressure despite a modest rise in bullion prices.
Wesfarmers' CSBP Warns of Fertilizer Delays Amid Persian Gulf Disruption
CSBP has alerted customers to potential delays in ammonium phosphate and urea shipments due to Middle East shipping disruptions. The company confirmed March collections will proceed but cannot accelerate April contracts.
Silver Retreats as Dollar, Yields Climb Ahead of Key Jobs Data
Silver prices declined on Thursday, with the metal and related equities pressured by a stronger U.S. dollar and rising Treasury yields. Traders await Friday's U.S. employment report for direction.
Gold Retreats on Rising Yields, Dollar Strength; Markets Eye Jobs Data
Gold prices declined 1.2% to $5,076.59 per ounce as rising U.S. Treasury yields and a firmer dollar pressured the metal. The SPDR Gold Shares ETF (GLD) dropped 1.18%.
Goldman Sachs Flags $100 Oil Risk to Global Economy Amid Middle East Tensions
Goldman Sachs cautions that a brief surge in oil to $100 a barrel could reduce global economic growth by 0.4 percentage points and increase inflation by 0.7 points, with Morgan Stanley now expecting the ECB to maintain rates through 2026.