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Trump administration will close 5 smaller US consulates in Africa, Asia and the Western Hemisphere

Trump administration will close 5 smaller US consulates in Africa, Asia and the Western Hemisphere

The Trump administration has informed Congress that it intends to close five smaller U.S. embassies, consulates and other diplomatic missions in Africa, Asia and the Western Hemisphere
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Canadian factory PMI rises to four-year high on firmer domestic demand

Canadian factory PMI rises to four-year high on firmer domestic demand

By Fergal Smith TORONTO, Aug 4 (Reuters) - Canada's manufacturing sector expanded in July at the fastest pace in more than four years as rising domestic activity boosted production and new orders, but weak international demand raised doubt over the sustainability of the increase.
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Pakistan's Petroleum Deregulation Faces Challenges Amid Global Market Volatility

Pakistan's Petroleum Deregulation Faces Challenges Amid Global Market Volatility

Pakistan has been moving towards greater deregulation of its petroleum sector, aiming to improve market efficiency and attract investment. However, the country remains heavily dependent on imported petroleum, making it vulnerable to global oil market fluctuations. The COVID-19 pandemic and geopolitical conflicts, such as the Russia-Ukraine war, have caused significant volatility in oil prices, impacting Pakistan's economy. The government has adopted market-based pricing mechanisms and reduced fuel subsidies to improve fiscal discipline, but this exposes consumers to international price swings. The Oil and Gas Regulatory Authority (OGRA) now calculates ex-refinery prices based on global oil prices, exchange rates, and taxes, with the federal government announcing retail prices after adjustments.
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Canada's New Nuclear Reactors Depend on Foreign Fuel, Raising Sovereignty Concerns

Canada's New Nuclear Reactors Depend on Foreign Fuel, Raising Sovereignty Concerns

Canada is embarking on a nuclear expansion with the construction of new small modular reactors (SMRs) that will rely on foreign suppliers for enriched uranium. This marks a significant shift from the country's historical approach with Candu reactors, which used domestically produced natural uranium. The first of these new reactors, the BWRX-300, is being built in Ontario and is expected to be operational by 2030. The decision to use foreign fuel sources has sparked debate about energy sovereignty, as it places critical steps of the nuclear fuel supply chain in the hands of other countries, including the United States, France, and Britain. This reliance on foreign enrichment and fabrication is seen as a departure from the original rationale of Canada's nuclear program, which aimed to avoid geopolitical risks by maintaining a domestic supply chain.
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Namibia University of Science and Technology Co-Hosts African Energy Summit

Namibia University of Science and Technology Co-Hosts African Energy Summit

The Namibia University of Science and Technology (NUST) has been announced as the official co-host for the International African Energy Oil and Gas Summit 2026. Scheduled for October 20-24, 2026, in Windhoek, the summit will focus on Africa's emerging role in the global energy sector. With Namibia becoming a hotspot for oil, gas, and green hydrogen exploration, the summit aims to bridge the gap between academic research and industrial development. NUST's involvement highlights the importance of local capacity building and technological advancement in the energy sector.
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Diamondback Energy Reports Strong Q2 2026 Financial Results Amid Production Milestones

Diamondback Energy Reports Strong Q2 2026 Financial Results Amid Production Milestones

Diamondback Energy Reports Strong Q2 2026 Financial Results Amid Production Milestones
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ExxonMobil Achieves Faster-Than-Expected Investment Recovery in Guyana

ExxonMobil Achieves Faster-Than-Expected Investment Recovery in Guyana

ExxonMobil Achieves Faster-Than-Expected Investment Recovery in Guyana
Reuters Reuters
Analysis-Sustainable fund launches stutter amid industry caution

Analysis-Sustainable fund launches stutter amid industry caution

By Simon Jessop and Naomi Rovnick LONDON, Aug 4 (Reuters) - The global sustainable fund industry has seen just a handful of new launches this year as weak performance, investor withdrawals and heightened regulatory scrutiny prompt asset managers to close products and rethink how they market
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US Ban on Foreign Power Inverters Raises Concerns Over Market Impact and Clarity

US Ban on Foreign Power Inverters Raises Concerns Over Market Impact and Clarity

US Ban on Foreign Power Inverters Raises Concerns Over Market Impact and Clarity
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Enbridge Delays Second Phase of Mainline Oil Pipeline Expansion

Enbridge Delays Second Phase of Mainline Oil Pipeline Expansion

Enbridge Delays Second Phase of Mainline Oil Pipeline Expansion
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Grant Thornton Bharat Highlights India's Samudra Manthan Scheme for Oil and Gas Exploration

Grant Thornton Bharat Highlights India's Samudra Manthan Scheme for Oil and Gas Exploration

Grant Thornton Bharat Highlights India's Samudra Manthan Scheme for Oil and Gas Exploration
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Canada's Shift to Foreign Uranium for New Reactors Raises Energy Sovereignty Concerns

Canada's Shift to Foreign Uranium for New Reactors Raises Energy Sovereignty Concerns

Canada is embarking on a significant shift in its nuclear energy strategy by planning to build small modular reactors (SMRs) that will rely on enriched uranium from foreign sources, including the United States, France, and Britain. This marks a departure from Canada's historical reliance on its Candu reactors, which used domestically produced natural uranium. The first of these SMRs, the BWRX-300, is being constructed in Ontario and is expected to be operational by 2030. The decision to use foreign-enriched uranium has sparked debate about energy sovereignty and geopolitical risks, as it places critical parts of Canada's nuclear fuel supply chain in the hands of other countries.