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BOGOTA (Reuters) – Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental Petroleum in the U.S. Permian basin in Texas. There had been uncertainty over the future of the joint venture after Ecopetrol, which is majority state owned, backed out of a separate deal …

Colombia’s Ecopetrol renews joint venture with Occidental Petroleum in Permian basin Read More »

(Reuters) – China Evergrande New Energy Vehicle said on Monday it is struggling to attract strategic investors amid a severe liquidity crisis, which has hampered its operations and delayed essential audits for 2024. “The tough conditions under which the new energy vehicle in Mainland China is operating has certainly not facilitated this (securing a strategic …

China Evergrande’s EV unit says struggling to attract investors amid liquidity crisis Read More »

By Arsheeya Bajwa (Reuters) – AMD investors will closely examine the chip designer’s artificial intelligence strategy when it reports fourth-quarter results on Tuesday as Big Tech’s shift to custom silicon raises doubts about its place in the AI infrastructure race. Analysts expect AMD’s December-quarter revenue to surge over 22% to $7.53 billion, but the company’s …

AMD’s AI bets face investor scrutiny as Big Tech switches to custom chips Read More »

(Reuters) – Americans are more bullish on the U.S. economy and the stock market and more hopeful about falling inflation and borrowing costs than they have been in a decade or more, including in the heyday of Donald Trump’s first presidency, a Gallup poll showed on Monday. Some 53% of Americans predicted the U.S. economy …

Americans have high hopes for Trump’s economy, Gallup poll shows Read More »

(Reuters) – The new tariffs imposed by U.S. President Donald Trump on imports from Canada, Mexico, and China are likely to have a limited near-term impact on global oil and gas prices, Goldman Sachs said in a note on Sunday. “Potential tariff-driven decline in U.S. natural gas imports from Canada is too small to significantly …

Trump’s tariffs to have limited impact on oil, gas prices, Goldman Sachs says Read More »

TOKYO (Reuters) – Japan’s industry ministry is aware of a view that expansion of data centres may increase demand for electricity, however, it is difficult yet to predict how demand may change with the appearance of one technology such as DeepSeek, it said by email. In late December, the government released a draft of its …

Difficult yet to predict DeepSeek’s potential impact on power demand, Japan’s METI says Read More »