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Reuters exclusively reported that trading firm Vitol has started taking delivery of oil from Russia’s top producer Rosneft under a new long-term supply deal as the two companies deepen their cooperation. Vitol signed a deal in September to buy nine million tonnes per year of Urals and ESPO blends, plus the Sokol grade, from Rosneft. The […]

Reuters reported exclusively that mining giant De Beers has commissioned a survey of the ocean floor off Greenland’s coast in a first step to determine whether it could hold deposits of highly-prized marine diamonds. Deposits of diamonds, created under high pressure in volcanoes, are known to be present onshore in west Greenland. Offshore diamonds are […]

Reuters exclusively reported that Apple is set to be hit with a European Union antitrust charge next year over its tap-and-go NFC chip technology, a move that puts it at risk of a possible hefty fine and an order to open its payment system to rivals. The iPhone maker has been in EU antitrust chief Margrethe Vestager’s crosshairs since […]

Reuters was first to report that the Organization of the Petroleum Exporting Countries, Russia and their allies, known as OPEC+, had decided to stick with its existing pact to gradually increase oil output. OPEC+ have faced calls from big consumers, including the U.S. and India, for extra supplies due to oil surging more than 50% […]

Reuters revealed that wind power giant Iberdrola and solar project developer Prosolia Energy will jointly invest 850 million euros ($996 million) in five solar parks in Iberia by 2025, including one of Europe’s largest power plants in Portugal. Through the deal, the companies aim to develop total new capacity of 1.5 gigawatts (GW) in four photovoltaic parks […]

As governments and businesses seek solutions to limit global warming, Reuters is providing coverage from all angles. From the previously unreported extent of methane emissions worldwide to the growing momentum in carbon pricing, offsets and emissions markets, to the development and rapid deployment of renewable energy worldwide, Reuters is delivering the exclusive news and insights […]

Reuters reported exclusively that India’s plan to tighten rules on its fast-growing e-commerce market has run into internal government dissent, with the Ministry of Finance describing some proposals as “excessive” and “without economic rationale.” The differences were contained in memos reviewed by Reuters, which offered a rare glimpse of high-stakes policy-making governing a market already featuring global […]

Reuters exclusively reported that Netflix Inc has began to offer a free mobile plan with about one-quarter of its TV shows and movies in Kenya, a strategy aimed at sparking growth in a key African market. The free plan is available on Android mobile phones and will not have ads. It features Netflix movies and TV shows such […]