Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does for miners. Companies that provide alternatives ranging from renewable power plants to natural gas turbines are expecting a lift after the commodity reached a five-year high. Far from spurring a revival...
https://www.hellenicshippingnews.com/coal-reaching-100-a-ton-in-europe-boosts-greener-alternatives/
Russia is setting records in gas pipeline exports despite U.S. pressure on Europe to reduce imports, and aims to become the world’s leading liquefied gas exporter in the next decade thanks to technology it is developing at home. Russian government officials and executives told an industry...
https://www.hellenicshippingnews.com/russian-gas-exports-to-boom-despite-u-s-pressure-and-rivalry/
Robust demand for gasoline in East of Suez markets, amid supply tightness in the region, has seen the number of arbitrage barrels loading in Europe in September and early October rise above 10 million, market sources said. The tightness was partly as the result of a reduction in Chinese gasoline...
Vale SA, flush with cash from its booming iron-ore sales to China, is expected to approve a $1 billion expansion of a Brazilian copper mine later this month, according to a person with knowledge of the matter. Building out the Salobo mine — known as the Salobo 3 project — would likely take about...
https://www.hellenicshippingnews.com/vale-is-close-to-approving-1-billion-copper-expansion/
Prime scrap moved up $20/lt and obsolete scrap moved up $10/lt in early trading around Detroit on Wednesday, while a bid/offer gap between steel mills and their ferrous scrap suppliers kept things at a standstill in most other regions. Aggressive demand for prime scrap by one major mill group...
https://www.hellenicshippingnews.com/steel-scrap-moves-up-10-20-lt-in-early-us-october-trading/
A foreign company-shipowner filed a request to Interlegal on defending rights and interests under the dispute with State Ecological Inspection on bringing vessel master to administrative liability. Vessel master was brought to administrative liability allegedly due to contamination of inland waters...
You’ve heard about the trade wars. What you may not know are all the dirty details. In this segment of Industry Focus: Energy , Motley Fool analysts Jim Mueller and Nick Sciple give investors an overview of what a tariff is and what effects it can have on businesses and consumers. Nick Sciple: I...
https://www.hellenicshippingnews.com/the-u-s-china-trade-war-explained/
BP today announced that it has signed a ventures cooperation agreement with Aker BP to explore possible areas of cooperation in the development and deployment of advanced technologies in their businesses. Through their planned strategic alliance, BP and Aker BP intend to explore potential venture...
https://www.hellenicshippingnews.com/bp-and-aker-bp-form-strategic-technology-venture-alliance/
The Federal Reserve painted a picture of the U.S. economy that was almost too good to be true at its last meeting, with inflation seen contained in the near future despite the lowest unemployment rate in 20 years. The Fed’s forecasts were labeled “out of this world” by one economist at the annual...
China is set to boost its crude imports from West Africa to the highest in at least seven years this month as the trade war with the U.S. prompts the Asian nation’s refiners to find alternatives. Chinese refiners have bought about 1.71 million barrels a day of crude for October loading from West...