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Shell quits Kazakh oil projects

Bloomberg Royal Dutch Shell Plc abandoned two oil projects off Kazakhstan after stubbornly high costs made them uneconomic. Shell has exited the Khazar field, while North Caspian Operating Co. — a joint venture including Shell — has quit the Kalamkas-Sea project, according to TOO PSA, an entity run by the Kazakh Energy Ministry. The retreat from the fields — both ...

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Protests in Chile may disrupt copper supply

Bloomberg Anti-government protests that have shaken the world’s largest copper producing nation Chile for the past three days have spread to the mining sector as unions call for stoppages. Workers at BHP Ltd.’s Escondida mine will hold a “warning stoppage” for 10 hours in solidarity with protests. The stoppage risks disrupting copper supply from the world’s largest producer, with ports ...

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Britain’s Boris Johnson is trumpeting a fake success

The deal Boris Johnson has struck with the rest of the European Union over Britain’s withdrawal follows a familiar pattern. Much like other populist politicians in Europe, the British prime minister is trumpeting a false success. The same agreement could have been reached nearly two years ago at a lower economic cost. He’s now in the same class as Alexis ...

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