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A blockade on oil ports and fields in Libya is shutting down production from the OPEC member, potentially taking more than one million barrels per day (bpd) of oil off the market.
Agricultural commodity merchant Louis Dreyfus Company (LDC) said on Friday it will develop aquaculture and plant-based energy production as part of an industrial joint venture in China.
U.S. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25 percent and boosting duties on derivative aluminum products by an additional 10 percent.
Crude prices sank more than 2% on Friday and Brent logged its biggest weekly decline in more than a year as concerns that a coronavirus will spread farther in China, the world's second-largest oil consumer, curbing travel and oil demand.
(This story corrects Davies' designation in para 5 to coordinator from founder, and adds dropped word in para 11)
Belarusian President Alexander Lukashenko on Friday proposed a meeting with his Russian counterpart Vladimir Putin to resolve a row over oil supplies, Belarus' state news agency Belta said, with Moscow's exports to Minsk set to dry up next month.
Rolf Martin Schmitz, the chief executive of German utility RWE, might step down from his post following a far-reaching restructuring that has turned the group into Europe's third-largest renewables provider, he told a German magazine.
Talks to salvage a tentative $1.7 billion debt restructuring between Congo Republic and energy traders Glencore and Trafigura [TRAFGF.UL] are stuck, sources said, jeopardising an International Monetary Fund bailout for the debt-hobbled nation.
Chile state miner Codelco filed with regulators on Friday a plan to begin exploration for lithium in its Maricunga salt flat holdings, a key step in advancing development of the country's second richest deposit of the metal needed for batteries.
Valero Energy Corp completed restarting the gasoline-producing unit at its 195,000-barrel-per-day (bpd) McKee refinery in Sunray, Texas, on Thursday night, sources familiar with plant operations said on Friday.
Indonesia has agreed to immediately increase imports of Indian buffalo meat, sugar and auto parts after India boosted purchases of Indonesian palm oil amid a spat with rival supplier Malaysia, two Indian government sources with direct knowledge of the matter told Reuters...
Lyondell Basell Industries restarted the large crude distillation unit (CDU) at its 263,776 barrel-per-day (bpd) Houston refinery on Thursday night, sources familiar with plant operations said on Friday.
Russia plans to increase Urals crude oil loadings from its Baltic ports to 3.2 million tonnes in the first half of February from 2.8 million tonnes during January 1-15, the preliminary loading plan released on Friday showed.
China's outbreak of novel coronavirus has sent oil prices sharply lower as traders reassess whether the country will be able to generate the strong economic growth needed to rebalance the market in 2020.
Reluctance among Indian traders to ship premium basmati rice to Iran as U.S. sanctions hobble its ability to pay has contributed to a sharp drop in overall exports from the world's biggest supplier of the grain, trade and government sources said.
Thomas Tyavwva Maji is planting rice on more of his land in Nigeria's Benue State than ever to take advantage of a surge in prices since the country shut its land borders in August.
Belarus is looking for alternatives to Russian oil and is in talks with the United States, Saudi Arabia and the United Arab Emirates about supplies, President Alexander Lukashenko said on Friday, the Belta news agency reported.
German local utilities group VKU said on Friday the government's draft plans to phase out hard coal fired power stations in the coming years as part of its climate efforts were a threat to its members' income.
Canada's Barrick Gold Corp <ABX.TO> signed a deal with Tanzania on Friday in which the government will take stakes in three gold mines, ending a long-running tax dispute and setting a template for negotiations with other firms.
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud said all options are open at an OPEC+ meeting in early March, including further cuts in oil production, Al Arabiya television reported.
UK trade unions have reached a deal with China's Jingye Group <600768.SS> about its provisional deal to buy British Steel, acknowledging that up to 500 jobs will go in exchange for protecting pay and employment terms.
China's Jingye Group <600768.SS> aims to complete its planned takeover of British Steel before the end of March as it makes progress in securing approvals for the deal, it said on Friday.
OPEC is discussing extending its oil cuts until the end of the year as the market still looks bearish, but the discussions are still at an early stage, Russia's TASS news agency cited an OPEC source as saying on Friday.
Strikes over planned pensions reform had reduced French electricity generation by 5.1 gigawatts (GW) or around 6.4% of available generation capacity by 0850 GMT on Friday, data from grid operator RTE and utility EDF <EDF.PA> showed.