U.S. energy firms kept the number of oil and natural gas rigs operating unchanged for a second week in a row, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, held at...

Read More

Iraq’s Oil Ministry said Friday that the country has reduced its oil production and cut its crude exports to 3.3 million barrels per day, in line with its commitment to the OPEC+ agreement on output cuts. “We confirm that Iraq has lowered its oil production and...

Read More

Port of Vancouver foremen will be locked out on Monday unless they scrap a proposed strike, employers at Canada’s biggest port said on Friday, but bulk grainhandling would not be affected. Canada’s west coast ports are major outlets for resource exports, including...

Read More

Several use case applications have been implemented across the 5G network at different periods since its deployment in August 2022. The resulting connectivity has led to significant advancements in the automation, digital transformation and intelligent operations of...

Read More

“We are proud to announce the second strongest quarter on record with adjusted EBITDA of USD 503m,” says Lasse Kristoffersen, President and CEO at Wallenius Wilhelmsen, being confident that EBITDA for 2024 will be somewhat better than 2023. The company progresses with...

Read More

China is on track to import record volumes of iron ore in October, increasing the divergence between the demand for the steel raw material and the still weak output of the finished product. China, which buys almost three-quarters of global seaborne iron ore, is likely...

Read More