Oil execs say price swings make it hard to 'drill, baby, drill'

Activity in the US oil and gas sector in the key producing states of Texas, Louisiana and New Mexico increased in the first quarter of 2026 although output was steady for now, a survey released by... 

Iron-ore rises on Australia supply disruption concerns

Iron-ore futures rose on Thursday, supported by concerns over Australian supply disruptions due to the closure of ports in the Pilbara region following a cyclone. The most-traded May iron ore... 

Albemarle starts enviro review process for lithium extraction project in Chile

Albemarle said on Wednesday that it has started the environmental review process for its first project through direct lithium extraction (DLE) in Chile. The US based company, the world's largest... 

Australian energy, uranium seen in demand post Iran crisis - IEA

Australia is a crucial source of minerals, including for nuclear power, to help stave off a bigger supply shock than the world is currently facing in energy due to the Iran war, the head of the... 

South African rand steady as market weighs Trump's talk of Iran negotiations

The South African rand was steady in early trade on Wednesday as traders cautiously assessed President Donald Trump's assertion that the US was in negotiations to end to the war with Iran. At 0712... 

Hormuz-driven fertilizer shortage could raise grain prices, Goldman Sachs says

Disruptions to nitrogen fertilizer supply through the Strait of Hormuz could reduce global grain yields and shift planting decisions, potentially lifting grain prices, Goldman Sachs said in a... 

Global energy crisis deepens; efforts to plug supply gap fall short, industry execs warn

HOUSTON - The global energy crisis is deepening as emergency measures by governments worldwide have fallen short of plugging the huge shortfall in oil and gas supply caused by the US-Israeli war on... 

US shale firms unlikely to drill at $100 a barrel unless high prices last longer, executives say

Oil prices above $100 a barrel would not trigger a meaningful production increase in the US unless they stay elevated for more than a quarter, shale executives said at the CERAWeek energy... 

Goldman lifts Q2 aluminum forecast to $3 200 on supply disruptions

Goldman Sachs raised its second-quarter LME aluminum average price forecast to $3 200 a tonne from $3 100, citing supply losses from Middle East disruptions and the shutdown of the Mozal smelter in... 

Australia will have floor price for critical minerals reserve, Minister says

Australia will "no doubt" have an element of a floor price in its strategic reserve for critical minerals, Resources Minister Madeleine King said on Wednesday, as the resources rich nation looks to... 

Rio Tinto expects Resolution Copper mine to open by mid-2030s

Rio Tinto aims to open Arizona's Resolution Copper mine by the mid-2030s but may need to export some of its copper concentrate due to the challenging economics of smelting in the US, a senior... 

Coal India unit's $199m IPO fully subscribed on final bidding day

Central Mine Planning & Design Institute's (CMPDIL's) $198.7-million initial public offering was fully subscribed on the final day of bidding on Tuesday, helped by large institutional investors.... 

Necsa to tender for new multi-purpose research reactor

South African nuclear energy firm Necsa will soon launch the next phase of a tender for a new multi-purpose research reactor aimed at maintaining its position as a top global exporter of medical... 

Iran war makes second phase of LNG Canada more likely, TC Energy CEO says

The disruption to global liquefied natural gas supplies caused by the Iran war makes it more likely that a second stage of Canada's massive LNG Canada facility will be built, the CEO of Canadian... 

South Africa's consumer confidence improves in Q1 but Mideast war risks loom, survey shows

South Africa's consumer confidence improved in the first quarter, a survey showed on Tuesday, helped by a rebound among higher-income households, although the report warned the Middle East war... 

South Africa's gold producers stay in the shallows as prices surge

Record gold prices are pushing South Africa's beleaguered mining industry to find new ways to recover the metal that sidestep the costly deep-shaft mining of old, industry executives said. But with... 

Santos temporarily shuts Darwin LNG plant amid Mideast supply squeeze

Australia's Santos said on Tuesday it has temporarily shut its Darwin liquefied natural gas plant, interrupting exports from a newly restarted supply chain at a time when markets are tightening due... 

Additional central banks to buy gold on geopolitical risks, WGC says

Gold's role as a hedge against dedollarisation and geopolitical risk is expected to spur central banks who have been absent from the market to buy the precious metal this year, a World Gold Council... 

US needs more energy development to power AI, Google president says

The US may not be scaling energy supplies fast enough to to meet the demands of the artificial intelligence expansion, Ruth Porat, president and chief investment officer of Google parent Alphabet... 

Chevron CEO says it will take time for energy to recover from Middle East production hit

Chevron CEO Mike Wirth said he is uncertain how quickly shut-in production in the Middle East stemming from the ongoing US-Israel war with Iran will return. "It will take time to come out of... 

Oil prices have not climbed enough to cause demand destruction, US energy secretary says

Global oil prices have not climbed enough to cause demand destruction, US Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued... 

Freeport-McMoRan confident in copper demand despite Iran conflict, CEO says

Freeport-McMoRan expects demand for copper for use in electrification, data centers and other high-tech areas to remain resilient despite market jitters tied to the Iran conflict, CEO Kathleen... 

African bunkering hubs gain as ships reroute around the Cape

Ship-refuelling companies along Africa's coast are seeing a surge in business as more vessels divert around the Cape of Good Hope, with war in the Middle East reshaping global shipping routes and... 

South African rand strengthens after Trump delays strikes on Iran energy sites

The South African rand strengthened on Monday after US President Donald Trump stepped back from plans to target Iran's power plants and energy infrastructure, boosting appetites for riskier assets.... 

Russia's Nornickel sees new palladium demand from China’s fibreglass sector

Nornickel, the world's biggest palladium producer, said demand for the metal from China’s fibreglass industry could reach 0.8-million ounces per year over the medium term, helping offset an... 

Oil plunges after Trump postpones strikes on Iranian power plants

Oil prices fell by 7% on Monday after US President Donald Trump said he would postpone any military strikes against Iranian power plants for five days after constructive talks, hours ahead of a... 

Middle East shock gives Nigeria's Dangote leverage as cheap imports dry up

Nigeria's Dangote Petroleum Refinery has stepped up gasoline exports across Africa as disruptions to energy flows due to the Iran conflict squeeze traditional fuel supply routes, curbing the cheap... 

Iron-ore miners could face billions more in fuel costs due to Iran war, Fortescue says

Iron-ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to rise, a senior executive at Australia's Fortescue said on Monday. The US-Israeli war on... 

South African rand starts new week at four-month low while investors eye interest rate decision

The South African rand began the week at its lowest level in four months as escalating hostilities in the Middle East kept oil prices high, stoking inflation worries ahead of a much-anticipated... 

IEA discussing further oil stock releases, Birol says

The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, executive director Fatih Birol said on... 

Orla secures permits to extend Camino Rojo operations

Mexico has cleared the way for Orla Mining to extend openpit operations and advance underground development at its Camino Rojo mine in Zacatecas. The company announced last week that Mexico’s... 

US House Democrat blasts Commerce's 'highly concerning' $1.6bn USA Rare Earth deal

A senior House Democrat accused US Commerce Secretary Howard Lutnick on Thursday of structuring Washington's $1.58-billion investment into USA Rare Earth in a way that gives the government "highly... 

Vatican launches project encouraging disinvestment from mining sector

The Vatican on Friday launched an international project encouraging disinvestment from the mining sector, in an unusual initiative by the Catholic Church to steer investments away from a specific... 

In Africa, the cost of jet fuel is changing faster than you can fly

Airlines are grappling with soaring jet fuel prices as the U.S.-Israeli war on Iran has caused a supply shortage - leaving consumers facing surcharges and airlines struggling to manage volatile... 

South32 shuts Gemco manganese mine as cyclone strikes

South32 has paused operations at its Gemco mine and moved non-essential personnel off site as Cyclone Narelle lashes Australia's northeast, a spokesperson said on Friday. The Groote Eylandt Mining... 

South African rand weakens as dollar firms and oil steers direction

The South African rand weakened in early trade on Friday, pressured by a firmer US dollar, while oil market developments played an increasingly important role in shaping the currency's direction.... 

Work from home, avoid air travel to deal with higher energy prices, IEA says

The International Energy Agency (IEA), which this month agreed a record release of oil from strategic stockpiles to deal with the effects of the US-Israeli war with Iran, outlined on Friday... 

WTO reform deadlock may prompt some countries to seek other options on free trade

Failure to chart a viable reform path for the World Trade Organization at a meeting next week will nudge members to pursue other options to set rules and advance free trade, diplomats and officials... 

Rio shuts bauxite mines as cyclone hits north-east Australia

Rio Tinto, the world's largest iron ore producer, temporarily shut its Amrun and Andoom bauxite mines in Northern Queensland as tropical cyclone Narelle battered northeast Australia. Those mines... 

Glencore could walk away from South Africa smelter rescue talks over conditions

Glencore's South African ferrochrome unit could walk away from talks with the government over a discounted electricity package due to what it sees as unfavourable conditions, an executive said on...