Simon Webb

Royal Dutch Shell <RDSa.L> will participate in Brazil’s deepwater oilfield auction on Friday and is confident it can pump oil from the fields on offer for less than $40 a barrel (£30.2), a top Shell executive said.

Brazilian President Michel Temer said on Tuesday there was no chance that a nationwide truckers’ protest that has paralyzed Latin America’s biggest economy will spark a military coup and topple his government.

(Reuters) - Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers.

Saudi Arabia, the world’s largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to meet summer cooling demand and free up the kingdom’s own crude for export, data showed and traders said.

The global natural gas market has been more fundamentally changed for the long term than the oil market by Russia’s invasion of Ukraine, Chevron Corp Chief Executive Mike Wirth said on Monday.

Austrian oil and gas company OMV is not planning on selling its majority stake in the petrochemicals subsidiary Borealis, OMV Chief Executive Alfred Stern said on Wednesday.

More than 900 North Sea divers and support staff have begun an indefinite strike over pay, union officials said on Wednesday, threatening output from one of the world's largest oil producing regions.

Australian miner Fortescue and German-Swiss equipment manufacturer Liebherr have secured orders for 100 autonomous battery-powered mining trucks for other mining and transport companies, Fortescue Executive Chairman Andrew Forrest told Reuters.

The international investment arm of United Arab Emirates state oil company ADNOC will make a significant investment in U.S. natural gas starting in the coming months, ADNOC CEO Sultan Al Jaber said on Tuesday.

Many buyers of Venezuelan oil have resumed loading crude onto tankers after a week-long hiatus at the country's ports after the U.S. applied tariffs that President Donald Trump imposed on importers of the OPEC nation's oil, according to shipping data and documents.