Iran’s power market is bucking global trends and in the process revealing a key economic buffer that helps the country withstand international sanctions. While European electricity prices spiked over the last month, shutting down energy-intensive industries and […]
(Reuters) – Thermal coal prices across Asia hit new highs this week as China and India restock critically low inventories to meet robust power consumption, industry sources said. The most-traded thermal coal futures contract on […]
Participants in China’s carbon market expect 5 billion tons of emissions allowances to be issued around October, a move that will help kick-start what has so far been moribund trading. The allowances are expected to […]
Publicly traded shipowners have said for months that the transport of sanctioned cargoes from Iran and Venezuela has weakened the tanker market and helped drive earnings to the lowest in years. For much of 2021, […]
OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble. The coalition led by Saudi Arabia […]
Oil headed for the biggest weekly gain in 11 months as market focus shifted to the outlook for U.S. economic stimulus and a storm that is menacing the Gulf of Mexico. Futures in New York […]
China’s state-owned oil and gas major Sinopec has struck oil and gas at a field in the northwestern province of Xinjiang, Reuters reports, adding that the reserves at the field are estimated at some 100 million […]
ENB Publishers Note: Turkmenistan is rich in natural resources, and has a direct line to key destinations for every country in the region. Not only are they going to be receiving huge numbers of refugees, […]
South Korean and Chinese refiners have snapped up at least 5 million barrels of U.S. Mars crude loading in September, taking advantage of lower prices in recent weeks, industry sources said. The purchases could lift […]
Oil rebounded from a three-week low on expectations that the global economic recovery will withstand the latest virus onslaught, even as it takes a toll on fuel demand. Futures climbed toward $68 a barrel in […]
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