Norway’s Equinor is planning to boost its 2030 oil and gas production by 10%, reaching 2.2 mn barrels per day (bpd), with an expected increase of 4% slated for this year, according to a statement. The move comes after the Norwegian oil and gas producer said that its adjusted income before tax was USD 7.90 bn in 4Q — a 7.7% y-o-y decline — which was slightly higher than the USD 7.71 bn analysts predicted, Reuters reports.

And is bringing back production at oil fields: Equinor — which temporarily halted output from Western Europe's largest oilfield due to an onshore power outage back in November and for maintenance — plans to keep production at the Johan Sverdrup oilfield at levels close to 2023 and 2024.

Chinese tungsten producers are seeing a hike in share prices following China’s export restrictions on critical minerals, and some Chinese exporters could potentially benefit from the projected surge in prices when they secure export licenses, Reuters reports. Chinese firms Xiamen Tungsten, China Tungsten and High-tech Materials, and Chongyi Zhangyuan Tungsten saw their shares rise over 3%, while CMOC ‘s shares increased 1%. As a major tungsten supplier, China issued license requirements for exporting critical minerals necessary for the defense and renewable energy sectors in a bid to "safeguard national security interests," an official statement read, days after China announced retaliatory tariffs against the US.

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