Rice

Crude Oil

Oil Prices Rally to Highest Since 2019 After Opec+ Extends Output Curbs

Brent may trade as high as $80 a barrel in the second half of 2021, analysts say

Thermal Coal

Indonesia's Salim Plans Australian Coal Mine Growth

The Indonesian owners of Australia's 8mn t/yr Mount Pleasant high-grade thermal coal mine in New South Wales have applied to expand the mine to 17mn t/yr and ex…

Oil & Gas Trade

India Calls On OPEC+ To Ease Cuts And Stop Pushing Oil Higher

India is calling again on the OPEC+ coalition to boost production from April, because the world’s third-largest oil importer is not particularly happy with thi…

Crude Oil

Opec+ to Convene Amid Robust Recovery in Global Oil Prices

The group could raise output by 500,000 to 700,000 bpd

Crude Oil

OPEC+ Decision To Raise Output Could Keep U.S. Gasoline Under $3

Rallying oil prices in recent weeks have intensified speculation that this week the OPEC+ group will decide to put more oil on the market as of April to prevent…

Oil & Gas Trade

Pakistan Hopes to Save $3 Billion in New Gas Deal with Qatar

Khan's government has said it was trying its best to overcome an energy shortfall through different measures

Oil Price

Oil Prices Fall on Strong US Dollar and Supply Concerns

Brent and WTI are on track for gains of about 20% this month

ITER

European Council Approves Continued Financing for ITER

The European contribution to the project for that period is set at €5.61 billion in current prices.

Crude Oil

Oil Prices Reach One-Year High As Global Crude Supplies Shrink

Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand.

Crude Oil

OPEC+ Considers Production Increase At March Meeting

OPEC+ will discuss the possibility of increasing its oil production levels at the next meeting, OPEC+ sources said on Wednesday.

Oil & Gas Trade

Iraq Freezes Crude Prepayment Deal with China’s Zhenhua

Iraq has frozen a five-year crude prepayment deal with Chinese state-owned trading firm Zhenhua because of rising oil prices, oil minister Ihsan Abdul Jabbar Is…

Oil & Gas Trade

Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive

Qatar Petroleum’s recently set a new record for the largest LNG export project ever.

Electricity Trade

State of Texas Should Pay for Enormous Energy Bills After Power Outages, Houston Mayor Says

Houston Mayor Sylvester Turner on Sunday called on the state of Texas to pay for the enormous electric bills that scores of Texans reported after severe winter …

Crude Oil

Mexico Overhauls Its Huge Oil Hedge

Mexico’s billion-dollar oil hedge to protect next year’s revenues against oil price volatility is getting an upgrade—and the new Hacienda Hedge 2.0 is gettin…

Electric Car

Electric Vehicle Prices to be Halved by 2025

The South Korean government has decided to lower the price of an electric vehicle by at least 10 million won by 2025.