Copper Tops $14,000 As US Stockpiling Drains Global Supply Ahead Of Trump's Tariff Call

Nigeria Needs New Export Markets As UAE's Exit Rattles OPEC By Tsvetana Paraskova of Oilprice.com Nigeria should market its crude oil to new buyers as the UAE’s decision to leave OPEC is dislocating the balance that the cartel and the OPEC+ group have been seeking for years, according to Wole Ogunsanya, chairman of the Petroleum Technology Association of Nigeria (PETAN). The official urged Nigeria’s state oil and gas firm NNPC and other producers of Nigerian crude to tap new markets. “When OPEC gives you a quota, it’s left for you to find who...

Iranian President Says Iran Willing To Prove Peaceful Nature Of Nuclear Program Iran has told other regional countries that it is ready to 'prove' that its nuclear program is peaceful in nature, and that it is willing to meet international standards in that regard, according to the Iranian presidency. This comes as Iran's Foreign Ministry has insisted that the nuclear issue be left out of talks related to ending the war with the US, with a statement saying that "at this stage, we do not have nuclear negotiations" - but which...

China Panics, Urges Ceasefire To Reopen Strait Of Hormuz As Beijing Is Addicted To Cheap Iranian Crude Chinese Foreign Ministry spokeswoman Mao Ning said at Tuesday's regular press briefing in Beijing that all parties in the Iran conflict must ensure the safe transit of commercial shipping through the critical maritime energy chokepoint of the Strait of Hormuz. "China urges all parties to immediately cease military operations, avoid escalating tensions, and safeguard the safety of navigation in the Strait of Hormuz," spokeswoman Ning said. We've briefed readers that China is heavily exposed to...