61 h. ago Prospera Energy Announces Convertible Debt Private Placement and Operations Update

CALGARY, Alberta, May 12, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) Convertible Debt OfferingProspera Energy Inc. (“Prospera” or the “Corporation”) intends to raise up to $2,000,000 by way of non-brokered private placement. Funds will be raised by offering 12% convertible debentures with the principal amount convertible […]

Economics

6 d. ago US Sanctions Third ‘Teapot’ Refinery in China Over Iranian Oil

The US Treasury Department sanctioned an oil refinery in China — along with port terminal operators, vessels, companies and individuals — it accuses of facilitating the Iranian crude trade, which it said funds Tehran’s military and violates existing US sanctions.

Events

1 week ago Venezuela Pleads for China to Buy Oil as Trump Kicks Chevron Out

Venezuelan Vice President Delcy Rodríguez asked Chinese officials to step up oil purchases during a visit to Beijing last week, as the nation seeks to preempt the US-ordered exit of Chevron Corp. and other foreign energy operators next month.

Other

2 w. ago Cnooc Profit Drops as Lower Oil Prices Outweigh Increased Output

Cnooc Ltd., China’s biggest offshore driller of crude oil, saw profits fall in the first quarter after a drop in global prices.

Economics

2 w. ago Oil Ticks Higher With Trade War and China’s Outlook to the Fore

Oil ticked higher after a volatile week as traders parsed the latest signals in the trade war, prepared for details of how China aims to support its economy, and weighed geopolitical developments in Iran.

Economics

3 w. ago Oil Prices May Fall Further on China Slowdown, IEA Chief Says

Oil prices may decline further this year as new production swells and demand remains capped by China’s faltering growth, the head of the International Energy Agency said.

Economics

3 w. ago China Oil Firm United Energy Gets Private Loan From Arab Energy

Saudi Arabia-headquartered investment firm The Arab Energy Fund has agreed to provide a $100 million private loan to Chinese oil company United Energy Group Ltd., according to a person familiar with the matter.

Economics

4 w. ago China pivots from U.S. to Canada for more oil as trade war worsens

Chinese refiners are importing record amounts of Canadian crude after slashing purchases of U.S. oil

Economics

4 w. ago US imposes sanctions on a Chinese refinery accused of buying Iranian oil

WASHINGTON (AP) — The Treasury Department imposed sanctions Wednesday on a Chinese refinery accused of purchasing more than $1 billion worth of Iranian oil, saying the proceeds help finance both Tehran’s government and Iran’s support for militant groups. The sanctioned refinery in China’s Shandong province received dozens of shipments of crude oil from Iran worth […]

Events

last month Peabody Holds Off Private Debt Refinancing of $2.1 Billion Loan

Coal mining company Peabody Energy Corp. has held off seeking a $500 million private debt, which would help refinance an acquisition loan after the planned deal was put under review, according to people familiar with the matter.

Economics