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At 09:36 GMT, Light Crude Oil futures are trading $62.01, down $0.69 or -1.10%. Russia-Ukraine Negotiations Pressure Oil Prices Traders are also digesting geopolitical headlines after a White House meeting between U.S. President Donald Trump, Ukrainian President Volodymyr Zelenskiy, and European leaders. Trump later announced that he had spoken with Russian President Vladimir Putin and that a trilateral summit may be on the horizon. The talks have introduced the possibility of sanctions relief for Russian crude—a potential bearish development for oil prices. While no ceasefire or agreement is finalized, DBS Bank’s Suvro Sarkar said the risk of tighter sanctions appears…

Moreover, Sprott Uranium Miners ETF (URNM) shows intense volatility with higher highs since 2021, reflecting investor demand for miners leveraged to uranium prices. Sprott Physical Uranium Trust Fund (U.UN) and Sprott Physical Uranium Trust (SRUUF), which directly hold physical uranium, display steadier growth patterns, showing uranium’s gradual appreciation in spot markets since 2020. These instruments illustrate how uranium has moved from a decade-long slump into a period of structural recovery, driven by energy transition policies and renewed nuclear demand. Conclusion: Why Lithium, Copper, and Uranium Are Set to Soar The global energy transition is accelerating. Electricity demand is rising faster…

If you wanted a signal that we’ve truly entered the AI era and left mobile behind, this is it: iPhones are no longer Foxconn’s most important business.For investors and industry watchers, this is a pivotal moment. The company best known as Apple’s factory floor has become an AI-first manufacturer. If Foxconn was once the backbone of the smartphone era, it’s now building the infrastructure of the AI age.For the first time, Foxconn’s Cloud & Networking Products division has overtaken Smart Consumer Electronics, which runs the iPhone assembly operation. In the second quarter of 2025, Cloud & Networking revenue jumped 47%…

Investment giant BlackRock’s infrastructure investment unit Global Infrastructure Partners (GIP) announced that it has acquired a 49.99% co-control stake in Italian energy company Eni’s Eni’s Carbon Capture, Utilization and Storage (CCUS) business, Eni CCUS Holding. The agreement follows an announcement by Eni in May that it had entered exclusive negotiations with GIP for the transaction following a selection process involving several prominent international players who expressed strong interest in the company. The sale of the CCUS business stake forms part of Eni’s “satellite model,” aimed at attracting capital from partners to fund growth and highlight the value creation of its new…

Floating production, storage and offloading vessel (FPSO) Almirante Tamandare, which serves one of several developments in the Buzios field in Brazil’s Santos Basin, has reached its capacity of 225,000 barrels per day (bpd). That set the highest rate for a single platform in Petroleo Brasileiro SA’s (Petrobras) history, the company said in a statement online. “[T]he record confirms expectations that the field will soon become Petrobras’ largest in production”, Petrobras said. “Buzios is the second-largest field in production volume in the country, behind only the Tupi Field. “The super Buzios field, discovered in 2010, has gigantic dimensions: its thickness is equivalent…

India’s Oil and Natural Gas Corporation has begun a campaign to boost oil and gas production through well optimization and accelerating the start of production at recently made discoveries, the company has said, as quoted by Fortune India.ONGC produces some 70% of India’s crude oil and 84% of its natural gas. However, the company has witnessed a gradual decline in both oil and gas production due to natural depletion, which it wants to reverse in order to boost self-sufficiency in hydrocarbons.Between 2020 and 2025, ONGC’s crude oil production declined from 22.533 million metric tons to 20.892 million metric tons, while…

Commodities were also somewhat subdued; Spot Gold (XAU/USD) and Spot Silver (XAG/USD) were muted, while WTI Oil (West Texas Intermediate) rallied 0.5%. White House Meeting All eyes were on the meeting between Ukrainian President Volodymyr Zelenskiy, US President Donald Trump, and Ukraine’s European allies at the White House. Trump outlined plans for a bilateral meeting between Zelenskiy and Russian President Vladimir Putin, which will be followed by a trilateral meeting involving the two leaders and Trump. Amidst all the niceties and suits, Trump committed to US involvement in providing security guarantees for Ukraine as part of any peace agreement, but…

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ISLAMABAD (AP) — Pakistan restored 70% of electricity and reopened damaged roads in the north and northwest after flash floods killed more than 300 people, officials said Tuesday.Information Minister Attaullah Tarar told a news conference that engineers were working to fully restore the electricity system that was knocked out by flooding last week.Most roads have been cleared, facilitating the supply of food and other essential items to flood-affected areas, he said. Prime Minister Shehbaz Sharif ordered authorities to accelerate recovery efforts in Buner, a district in Khyber Pakhtunkhwa province, where torrential rains and a cloudburst Friday killed at least 280…

Santos Ltd. said Tuesday newly revealed approvals would delay the process for a consortium led by Abu Dhabi National Oil Co. PJSC (ADNOC) to progress its proposed takeover of the Australian company to a binding agreement. Earlier Santos granted the consortium of sovereign investor Abu Dhabi Development Holding Co., Carlyle Group and ADNOC’s global investment arm XRG PJSC more time to conduct due diligence. The “process and exclusivity deed” signed June 27 between Santos and the group has been extended to August 22. “The Process Deed governs the basis upon which the XRG consortium will have the opportunity to undertake…