World Business Report The trillion dollar court battle
May 26, 2025
A monumental legal battle is unfolding between two energy giants over a $1 trillion oil project in the Caribbean. The International Energy Agency warns of the world's troubling reliance on a few countries for critical minerals essential in clean technology. Meanwhile, India witnesses a dramatic surge in streaming subscriptions, driven by the booming Indian Premier League, as it transforms into a cultural phenomenon and financial powerhouse. Explore how these dynamics are reshaping global markets and industries.
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Oil Giants' Legal Dispute Insights
- The court case revolves around Chevron's acquisition of Hess and whether the right of first refusal applies.
- This could reshape joint operating agreements industry-wide if ruled in Chevron's favor.
Critical Minerals Supply Risk
- The IEA warns critical minerals supply chains are becoming dangerously concentrated.
- China dominates refining and processing, causing geopolitical and market vulnerabilities.
Stockpile Critical Minerals Strategically
- Governments should consider stockpiling critical minerals as emergency reserves.
- Although stockpiling can drive prices higher, it mitigates supply disruption risks.