Iran

Goldman Sachs raised its Brent and West Texas Intermediate (WTI) crude oil price forecasts by $5 a barrel for December 2026 and 2027, citing an expectation that shipping disruptions in the Middle... 

The Minerals Council South Africa says mining input cost inflation moderated further in July, reflecting a temporary easing in fuel and crude oil prices. The council’s mining composite input (MCI)... 

South Africa’s Industrial Development Corporation (IDC) plans to sell its stake in a Namibian uranium project because the mine’s backers include Iranian and Russian entities. The IDC owns about... 

While Sasol continues to reduce its overall capital expenditure, the JSE-listed group is increasing its investment in its coal mining business to shore up the feedstock needed to raise output at... 

South African petrochemical firm Sasol said on Tuesday its annual profit rose 9% from a year ago, buoyed by higher crude oil prices and increased fuel sales volumes.  Sasol's headline earnings per... 

Saffron is the world’s most expensive spice, priced at between $5 000 and $10 000 a kilogram. Iran is the world’s biggest producer, pushing out 85% to 90% of yearly global production, followed by... 

Emirates Global Aluminium (EGA) said on Wednesday it had brought a quarter of its Al Taweelah smelter in Abu Dhabi back online as the company works to recover from damage caused by an Iranian... 

US refineries have operated near maximum capacity for the longest sustained period in over a quarter century,scrambling to capture windfall profits created by the Iran war. But history offers a... 

Six European Union countries want the 27-nation EU to discuss in September a mechanism to tax windfall profits of oil companies triggered by Iran's blockade of the Strait of Hormuz, a letter by... 

Gold's 9% rebound in August to around $4 400 an ounce suggests bullion is starting to regain favour with institutional investors and central banks, leaving the market better placed to extend gains... 

Norsk Hydro's Alunorte refinery in Brazil has started ramping up alumina production to full capacity after reaching a temporary agreement with its gas supplier, the Norwegian company said on... 

London Metal Exchange (LME) stocks of aluminium have slumped to their lowest level since 1990, attesting to the supply-chain dislocation caused by the Iran war. Gulf production of primary... 

Global oil supply will fall by 4.3-million barrels per day (bpd), or around 4%, this year, the International Energy Agency (IEA) said on Wednesday, as renewed hostilities in the Middle East disrupt... 

Emirates Global Aluminium (EGA) said on Wednesday its Al Taweelah smelter was operating at 18% of capacity and is expected to return to prior output levels in early 2027. An Iranian strike in... 

Andy O'Brien will succeed longtime ConocoPhillips CEO Ryan Lance next month and will inherit a major Alaska oil project to complete, costs to control and a share price that has recently lagged... 

The ongoing US-Iran war, and resulting disruption of the Strait of Hormuz, continues to  impact critical industries including fertiliser production, which could have implications for African food... 

Canada's largest oil and gas producer Canadian Natural Resources surpassed expectations for second-quarter profit on Thursday, benefiting from higher oil and natural gas production. Canadian oil... 

Nutrien missed analysts' estimates for second-quarter profit on Wednesday as lower potash and nitrogen sales volumes offset the benefit of higher fertilizer prices at the world's largest potash... 

Canada's main stock index rose to a record high on Tuesday, led by gains for technology and metal mining shares, as hopes rose for a reduction in Middle East tensions. The Toronto Stock Exchange's...