Rice

Thermal Coal

Yancoal Targets 38mn t of Australian Coal Sales in 2020

Chinese-Australian coal firm Yancoal expects to produce 38mn t of saleable coal in 2020, up by 6.7pc from 35.6mn t in 2019.

Russian Federation

Oil Price of $40-43 per Barrel more or Less Balanced

The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after the weakening …

United States

India to Create its First Overseas Oil Stockpile in US

India is moving to store oil in the US, the first time world’s third-largest oil guzzler is creating an emergency reserve abroad to take advantage of low price…

Oil&Gas Drilling

Global Oilfield Services Under Pressure from Oil Price Drop

Exploration-focused oilfield service companies will face the largest demand decline as a result of oil and gas producers cutting their capex and operating expen…

Crude Oil

The Middle East Nation Reopening its Doors to Iraqi Oil

It will also serve to consolidate the Shia crescent of power falling across the region by dint of Iran, and its prime backers, China and Russia.

Crude Oil

Oil Rises Slightly Ahead of OPEC+ Meeting

Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June.

Oil Price

Oil Down as Opec+ Prepares to Lower Output Quotas

Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus sur…

Oil & Gas Trade

North American Oil And Gas Companies Continue to Go Bankrupt at $40 Oil

The rash of oil and gas bankruptcies in North America is set to continue for the remainder of 2020.

Power Construction

Critical Grid Reforms for Battery Power Delayed

The power supply industry will get only an extra three months to prepare for the major overhaul of IT systems required to move to a five-minute settlement in th…

Oil Price

European Oil Giant Slashes Oil Price Forecast To $48 Per Barrel In 2021

Italy's Eni lowered its long-term oil price assumptions on Tuesday.

Oil Price

Oil Price Crash Causes Major Recession In Russia

The oil price crash that Russia helped create, along with the coronavirus-driven global recession, will result in Russia’s economy shrinking this year by the m…

Solar Power Plant

Floating Solar Farms Make Waves in Southeast Asia

They can help insulate coal-importing ASEAN countries from volatile fuel prices.

Market Analysis

Big Oil Confronts Possibility of Terminal Demand Decline

Although crude prices have rebounded from coronavirus crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak dem…

Coal Production

Indonesia Sets July Coal Benchmark Price at Lowest in 4 yrs

The Indonesian government set its coal benchmark price (HBA) for July at $52.16 per tonne, down from $52.98 per tonne last month

Crude Oil

Exxon Is Big Oil's Outlier In The Post-Pandemic World

While oil majors stuck to spending discipline after the 2015-2016 price crash, ExxonMobil was the one to stand out from the crowd as it increased capital expend…