Some of the world’s biggest and oldest oil & gas companies aka Big Oil are credited with powering the Second Industrial Revolution that kicked off in the late 19th century and ushered in the modern tech era as we know it. Oil accelerated industrial production and reshaped networks by allowing faster transportation thanks to being cheaper and packing...

A fire ignited by a drone attack on an oil depot in the southern Russian region of Rostov has gone into its second day with local emergency services still trying to put it out. According to a Reuters report, the drone attack had been carried out by the Security Service of Ukraine. Ukrainian attacks on Russian refineries and other energy infrastructure...

Brazil is estimated to hold the world’s third-largest reserves of rare earths, the critical minerals vital for modern technology and the energy transition. Brazil’s rare earths mining industry has just started despite the country being a major mining destination for decades.   Established mining industry regulations and lower labor costs compared to...

Crude oil inventories in the United States rose this week by 2.264 million barrels for the week ending June 14, according to The American Petroleum Institute (API). For the week prior, the API reported a 2.428 million barrel draw in crude inventories. On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum...

State-held giant Coal India and a U.S. company are considering joint development of lithium assets in Argentina, under the U.S.-led pact for Minerals Security Partnership, Reuters reported on Tuesday, citing an Indian source with direct knowledge of the matter. Earlier this year, India signed an agreement with the state-owned enterprise of Catamarca...

A series of high-level meetings took place last week between senior Iraqi and Chinese officials to finalize the details of the next phase of their wide-ranging cooperation plan. The foundations for this were laid in the 2019 ‘Oil for Reconstruction and Investment’ agreement, which was subsequently expanded into the 2021 ‘Iraq-China Framework Agreement’,...