In October, Ukraine imports have been almost brought to a halt after falling to nearly 50 thousand t of coal (-1.48 mio t or -96.8% y-o-y). Total…
Chevron Moves to Expand Giant Israeli Gas Field
Chevron has announced the start of the second phase of development at the Tamar gas field offshore Israel. Despite the ongoing war with Hamas, the U.S. supermajor is working to increase production…
Corn, Soybeans Recover From 3-Year Lows; Ample Supply Caps Gains
Chicago corn and soybean futures edged higher on Friday, with bargain-buying lifting prices after both markets dropped to their lowest levels in three years, although plentiful supplies arelikely to limit gains. Wheat…
Drought-stricken Spanish villages in crisis mode for several months
Numerous residents residing in rural areas relying on depleting wells are encountering challenges accessing consumable water. Driven by drought, Joan Torrent treks into the woods with empty jugs to collect water from…
Trump Can’t Stop Energy Transition
Former President—and current Presidential candidate—Donald Trump—won’t be able to stand in the way of the Energy Transition, John Kerry said on Tuesday at the International Energy Agency ministerial meeting. The U.S. Special…
Russian authorities may subsidize purchase of 85 bulk carriers
About 85 vessels can be purchased within the state subsidies for providing the fleet for foreign trade operations. The specified number of vessels will include bulk carriers…
Wind and Solar Growth in China Not Enough to Offset Coal Expansion
In 2023, China’s economy expanded by 5.3%. This would have been an impressive number worth celebrating for any other country. For China, however, the number was widely seen as a disappointment—even though…
The $387 Billion Coal Replacement that is Nuclear
Replacing coal-fired power stations with small modular nuclear reactors, would cost taxpayers $387 billion, implying the option would not get backing from the industry, suggested Chris Bowen, the Climate Change Minister. More…
Russian coal exports to drop by 20% due to sanctions
Russian coal exports to drop by 20% following a sanctions announcement by the United States. On February 23, the United States extended sanctions against the Russian energy and mining and metallurgical sectors…
Oil Traders Bet on Market Despite Flat Crude Prices, Red Sea Attacks
Traders are still investing in oil by-products despite the price cap in oil markets. Bloomberg data released on Tuesday 6th of February, showed that the open interest…