Surging global prices have fuelled an illicit bean trade ‘like cocaine in Colombia’
Capital gains tax rates were raised in Autumn Budget while the price of gold has surged this year
Drop in oil prices drags second-quarter earnings to lowest level since pandemic
Darren Woods says bloc’s climate and human rights directive will hurt competition
Also in this newsletter: Indian banks post a disappointing quarter
UK energy major reports 32% fall in quarterly profits on lower oil and gas prices
Also in today’s newsletter, a closer look at the EU’s $750bn spending target for American energy
With Hess deal completed and Venezuela license returned the company is on path to rebuilding operations
FTSE 100 miner’s underlying profits dip by a fifth as diamond business falls to $189mn loss
Industry body says geopolitical instability and weakening confidence in the dollar will continue to support demand
Failure of IPOs to match stellar performance of 2023 and 2024 shows concern over oil prices and state borrowing, analysts say
America’s choice is to either build its future on renewables, or stay stuck in the fossil fuel economy
Washington claims measures will cut off source of revenue illegally sent to the Islamic regime in Tehran
Washington follows through with plans to impose 50% levies on some products
Deal to buy Chart Industries is a bet on commodity’s future
Production hit a record after a stretch of bad harvests but US tariffs threaten to change everything
New Cambridge-Bloomberg index will serve investors seeking to avoid expansion in oil, gas and coal production
Incoming chief Simon Trott expected to restructure miner after taking over next month
Threat of 50% US import tax leaves producers of orange juice, coffee and beef in fear of lost sales
Britain has signalled to oil companies ‘we don’t want you’, US president says
Acquisition displaces earlier agreement to merge with competitor Flowserve
Chubb is the lead reinsurer of an entirely coal-fuelled plant in Vietnam, after pulling back from the fossil fuel
Commodity trader’s roughly 600 employee owners received average of more than $17.5mn in share buybacks last year
Analysts dismiss plan but executives welcome sign of more support for fossil fuel exports
Italian oil major sticks with ‘satellite’ strategy for low-carbon units as others pull back
