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Article Archive | Page 15

Is China's Steel Industry on the Brink of a Major Crisis?

Aug 22, 2024 at 05:05

Via Metal Miner   China’s direct dumping of steel in foreign markets and indirect dumping via proxy countries are finally under the global…

Experts Skeptical of Lasting Cease-Fire Between Israel and Hamas

Aug 22, 2024 at 05:01

U.S. Secretary of State Antony Blinken arrived in the Middle East hoping to broker an elusive cease-fire deal aimed at ending Israel’s devastating war in the Gaza Strip.…

Global Offshore Wind Installations to Surpass 520 GW by 2040

Aug 22, 2024 at 10:46

Global offshore wind projects have faced significant headwinds due to recent inflationary pressures and supply chain disruptions, exemplified by postponed permitting processes, delayed auctions and slow supply chain build-ups. Despite…

Ford's $5 Billion EV Loss Sparks Strategic Shift Towards Hybrids

Aug 22, 2024 at 04:56

The trend of legacy automakers ditching their plans and investments in EVs continues, with Ford reportedly the latest to cancel plans for a large three-row electric sport-utility vehicle, according to…

Can Azerbaijan Meet Its Pledge to Double Gas Exports to Europe?

Aug 22, 2024 at 04:09

Azerbaijan is on pace to meet its natural gas export target this year. But Baku still has a long way to go before the country can meet its…

Fed Minutes Signal September Rate Cut

Aug 22, 2024 at 04:14

A September rate cut looks nailed on after minutes from the US Federal Reserve’s last meeting, released last night, showed many rate-setters had…

Oil Prices Slide for Fifth Day on Demand Concerns

Aug 22, 2024 at 03:07

Crude oil prices extended a losing streak into its fifth day earlier today as expectations of weak demand weighed on benchmarks. Brent…

Environmentalists Sue UK for Oil and Gas Licenses

Aug 22, 2024 at 01:27

An ocean conservation entity is suing the UK state for 31 oil and gas exploration licenses issued by the previous government earlier this year. Oceana UK…

Standard Chartered: Oil Demand Isn’t as Bearish as You May Think

Aug 21, 2024 at 17:13

Oil prices have been on the backfoot in the current week, pulling back from gains in recent weeks thanks to easing geopolitical fears and seemingly never-ending demand concerns.…

China's Solar Output is Surging but Coal is Still King

Aug 21, 2024 at 13:52

China recently recorded record electricity consumption that was largely met by equally record production of hydropower and solar. Yet coal remained the country's dominant source of electricity. Giving that up…

West Coast Refiners Miss Out on TMX Pipeline Boost as Crude Heads to Asia

Aug 21, 2024 at 10:38

The much-anticipated expansion of the Trans Mountain pipeline (TMX) was supposed to be a game-changer for U.S. West Coast refiners. By tripling the pipeline's capacity from Alberta to Canada's Pacific…

China's Rare Earth Exports Surge Despite Price Slumps

Aug 21, 2024 at 06:35

In the past several years, a veritable gold rush has kicked off around the world to shore up supply chains of ‘rare earth elements’ central to the manufacturing…

Putin Looks to Reassert Influence in the Caucasus

Aug 21, 2024 at 06:32

It’s clear following Russian President Vladimir Putin’s two-day visit to Azerbaijan that he wants to remain a powerbroker in the Caucasus. Whether he has the means to do…

Investors Are Flocking to Gold

Aug 21, 2024 at 06:30

The price of gold hit an all time high of $2,513.79 (£1,932.87) per ounce on Tuesday morning as investors hope the US central bank will cut interest rates.…

EU Slashes Proposed Tariffs on Tesla's China-Made EVs

Aug 21, 2024 at 06:28

The European Commission announced this AM that, in its ongoing findings of an anti-subsidy investigation into Chinese imports of battery electric vehicles, all…

EU Mulls Open-Ended Immobilization of Russian Assets

Aug 21, 2024 at 06:26

The European Union and the Group of Seven (G7) leading industrialized nations are slowly gearing up new legislation that will allow a $50 billion loan to go to…

China Prods Pakistan to Ramp Up Security and Governance

Aug 21, 2024 at 09:35

The Communist Party of China is officially atheist but China’s premier, Li Qiang, recently had a “come to Jesus” meeting with Pakistan’s prime minister, Shehbaz Sharif. China is frustrated…

Oil Ticks Higher as EIA Reports Inventory Draws Across the Board

Aug 21, 2024 at 09:37

Crude oil prices moved higher today after the U.S. Energy Information Administration reported a decline in inventories for the week to August 16. Those shed 4.6 million barrels over…

Why Goldman Sachs Thinks European Natural Gas Prices Will Stabilize

Aug 21, 2024 at 06:23

Ukraine's incursion into Russia's Kursk region earlier this month rattled the European natural gas market, pushing prices above 40 euros per megawatt-hour amid…

Texas Faces Growing Electricity Needs

Aug 21, 2024 at 04:03

Texas used a record amount of electricity on Tuesday, the Electric Reliability Council has reported, noting that the data has yet to be made official after calculating meter…

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