Traders said Nigeria's surplus was caused by a request for back taxes from shipping companies, which created wariness among firms looking to collect oil barrels from the country.

Combined, the U.S., EU, Japan and India have committed more than $100 billion in subsidies to attract the likes of Intel, Taiwan Semiconductor Manufacturing and Micron.

Hyundai also plans to spend about $85 billion to boost production and make progress in areas such as hydrogen cars, EV batteries and software for future mobility.

Saudi Arabia's Public Investment Fund is reportedly in advanced discussions over a deal for a roughly 10% holding in Vale SA's base metals unit.

China National Petroleum will seal a 27-year liquified natural gas purchase agreement of 4 million tons annually with QatarEnergy, according to a person with knowledge of the matter.

The government will provide €200 million to help develop renewable jet-fuel projects, including one developed in southern France by startup Elyse Energy, French President Emmanuel Macron said. 

Trafigura said it expected to lose nearly $600 million due to “systematic fraud” perpetrated by businessman Prateek Gupta, according to legal filings seen by Bloomberg.

An announcement could be made as soon as when Prime Minister Narendra Modi visits the U.S. during the week of June 19, according to people close to the matter.

"We’re excited to play a critical enabling point to building these more resilient supply chains,” said chief executive officer Pat Gelsinger at a June 16 press conference.

With the world set to add as much renewable power in the next five years as it did over the past 20, scaling production to capitalize on this demand is increasingly becoming a challenge.