Oil pumpjacks operate as the Lake Fire burns in Los Padres National Forest with evacuation warnings in the area on July 6, 2024 near Los Olivos, California. Mario Tama | Getty Images Oil prices extended declines during Asia trading hours, after a report that Libya’s oil production was set to be restored pressured prices overnight. … Read more
Astana: The leaders of Russia and China were in Kazakhstan on Wednesday for a regional summit, seeking to harden anti-Western alliances and press their influence in the strategic Central Asian region. Russian President Vladimir Putin touched down in the Kazakh capital of Astana Wednesday morning for a meeting of the Shanghai Cooperation Organization (SCO) — … Read more
Kazakh President Kassym-Jomart Tokayev signed the decree on measures to liberalize the economy on May 10 aimed at ensuring freedom of entrepreneurship by developing competition, reducing state stakes in the economy, and decreasing business costs in a step that would encourage Indian private investors to explore the regional market by making Kazakhstan as a base. … Read more
Saltanat Nukenova, 31, was found dead last November. The trial of a former Kazakhstan minister charged with beating his wife to death has become the talking point across the nation, with some seeing it as a litmus test of President Kassym-Jomart Tokayev’s promise to build a fairer, more equitable society. Saltanat Nukenova, 31, was found … Read more
Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Oil prices edged lower Monday after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter, in an effort to support the short-term stability of crude markets. Global benchmark Brent slipped 0.05% to $83.52 a barrel Monday, while U.S. West Texas Intermediate futures traded … Read more
Employee holding up yellowcake at a uranium processing facility at Turamidih Uranium Mill in India. Pallava Bagla | Corbis News | Getty Images The uranium renaissance has a slight hitch: the world’s largest producer of the yellowcake is staring at a production snag over the next two years. And that’s about to send uranium prices, … Read more
