Rice

Crude Oil

Oil Price Falls for Second Day as Supply-Driven Rally Peters Out

Brent crude was down $1.03 or 1.3% at $78.06 a barrel by 0130 GMT, having fallen nearly $2 on Tuesday after touching $80.75, its highest in nearly three years.

Natural Gas

Unprecedented High Gas Price: Security of Global Supply at Risk?

The price for October future at the TTF Hub reached $1,031 per 1,000 cubic metres.

Market Analysis

SK Hynix CEO Not Concerned about Electric Power Shortage in China

SK Hynix’s plant in China faces no problem regarding the recent electricity shortage in China, the company's CEO said on Sept. 28.

OPEC

Biden Administration Begs OPEC+ Again To Bring Down Oil Prices

And the Biden Administration’s outreach regarding oil prices doesn’t stop with OPEC, Psaki said.

Wind Power Project

Statkraft Sells Andershaw Wind Farm

Statkraft, Europe’s largest generator of renewable energy, has today announced the sale of Andershaw Wind Farm in Scotland, to Greencoat UK Wind PLC for a purc…

Market Analysis

China’s Coal Shortage could Leave Other Countries in the Dust

China is in dire need of more coal, and it’s willing to pay ‘any price’ to secure more of the world’s dirtiest fossil fuel – which means other countries ri…

Oil Price

White House Speaking with OPEC About Oil Prices

White House speaking with OPEC about oil prices.

Oil Price

Goldman Sachs Hikes Oil Price Forecast To $90

Tightening oil markets with robust demand recovery and disruptions to supply from Hurricane Ida prompted Goldman Sachs to hike its end-2021 oil price forecast t…

EU

EU Magnesium Prices Surge by 80pc on China Cuts

European magnesium prices surged by 80pc yesterday amid supply cuts in China and depleted European stocks, leaving key end-users in the aluminium and titanium s…

China

China’s Silicon Export Prices up 60pc with Energy Curbs

Export prices were assessed at $8,500-8,550/t fob, up from $5,120-5,150/t fob over the same period.

China

PetroChina, Hengli Win four Cargoes in First China Oil Reserve Sale

The prices were lower than the spot market as Middle East crude benchmark Dubai was at $74.09 a barrel on Thursday.

Oil Price

Oil Price Hits Highest in Almost Three Years As Supply Tightens

Brent futures rose 84 cents, or 1.1%, to settle at $78.09 a barrel, while U.S. West Texas Intermediate crude rose 68 cents, or 0.9%, to settle at $73.98.

Energy Storage Project

Foresight Group Buys 50MW Scottish Battery

Foresight Group has acquired the 50MW Blackpark energy storage project in Scotland from ILI Group for an undisclosed price.

Oil Price

Demand Recovery Leaves $100/bl Oil on Track

Global commodity trading firm Trafigura is maintaining its forecast for oil prices to potentially hit $100/bl late next year, despite the risk of short-term Cov…

Hydrogen Production

New Deal could See Hydrogen Production at Less than $1/kg in the Asia Pacific Region

The Asia Pacific region will soon benefit from hydrogen produced by Proton Technologies – and prices are set to be very competitive at less than $1/kg.