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Real-time News
On August 14th, Shell lost a five-year legal battle with environmental activists over an oil exploration project in South Africa, a case that went all the way to the countrys Supreme Court. The Constitutional Court ruled on Friday that the oil giant cannot renew its exploration rights off South Africas rugged, wild Indian Ocean coast. This ruling comes as other offshore oil exploration in South Africa faces challenges, while neighboring Namibia is working to develop crude oil discoveries near its maritime border. The decision could further embolden activists who have won several lawsuits against oil exploration companies. The legal battle began in 2021 when activists objected to planned seismic surveys by Shell and its local partners in whale-infested areas.The U.S. Energy Information Administration (EIA) projects that U.S. oil production will average 13.83 million barrels per day in August, compared with 13.82 million barrels per day in July; and will average 13.77 million barrels per day in September.On August 14th, Futures News reported that, according to foreign media, Ukrainian Agriculture Minister Taras Vysotskyi stated on Friday that Ukraine could resume grain exports through Black Sea ports within a month if all parties implement the agreement to suspend attacks on civilian cargo ships. According to Ukrainian sources on the 13th, Ukraine had proposed to Russia a cessation of mutual attacks on civilian targets in the Black Sea. Recently, attacks by Russia and Ukraine against commercial shipping and port facilities in the Black Sea have escalated. Several Russian ports in the Black Sea and Sea of Azov have ceased operations, affecting key grain export hubs in southern Ukraine as well, leading to a significant decline in grain exports from both countries and pushing up global grain prices.August 14th - According to the China Development Bank, in the first seven months of this year, the bank issued over 10 billion yuan in loans to the elderly care industry, representing a year-on-year increase of over 50%, supporting the implementation of a number of inclusive and accessible "small but beautiful" projects.According to Hong Kong Stock Exchange filings, Xiaomi Group (01810.HK) repurchased 1.9 million Class B shares on August 14, at a cost of HK$49.8 million.
