The UAE, its president, oil firm ADNOC, a Swiss-based private investigation firm and others are being sued for $2.8 billion from bankrupt oil firm Lord Energy and its owner, Hazim Nada. The…
News
Powell: The US is on an unsustainable fiscal path
Federal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in a “60 Minutes” interview with Scott Pelley released Sunday. “The U.S. federal government’s on an unsustainable fiscal…
India Aims To Reduce Coal Imports Dependency By 2025
Union Minister of Coal, Mines, and Parliamentary Affairs, Pralhad Joshi has stated that India’s coal import for the power sector is projected to reduce to 2% by 2025, attributing the decrease to…
China’s Renewable Energy Drive Hampered by Rising Coal Production
China is far outpacing the rest of the world in terms of new clean energy capacity additions, but it’s powering all that expansion with the dirtiest fossil fuel. As China’s clean energy…
India’s coal imports are shifting, thermal more than coking
India’s coal imports are starting to reflect shifting world trade and pricing dynamics in the wake of Russia’s invasion of neighbouring Ukraine. India, the world’s second-biggest coal importer behind China, has long…
World Wheat Supplies May Recover In 2024
World stocks of the crop, excluding China, have declined for four straight years and inventories are at their lowest level in 15 years. That will not be the case this year, according…
Stock Market Crash Alert: Mark Your Calendars for June 12
All eyes are on the Fed ahead of its June policy meeting. Fears of a stock market crash are swirling ahead of the Federal Reserve’s upcoming Federal Open Market Committee (FOMC) meeting,…
Kazakhstan reports increase in coal extraction volumes
Kazakhstan has extracted 31.07 million tons of coal over the period from January through March 2022, which is 7.4 percent more than during the same period of 2021, Roman Bilousov from Evenor…