China’s heat wave is pushing coal prices toward record level
A heat wave across some of China’s biggest industrial provinces has pushed local electricity consumption to unprecedented levels, sending thermal coal futures toward record highs.
Sydney Airport top owner sees offer at pre-Covid level unlikely
Expectations that Sydney Airport should be valued in a deal at levels similar to those seen before the coronavirus pandemic are overly optimistic, according to…
China’s 50% slump in pork imports may cool global food costs
China’s record demand for foreign pork is about to crater after domestic prices plummeted, potentially easing pressure on the world meat market and cooling at…
Biden says US to warn business on deteriorating Hong Kong
President Joe Biden said his administration will issue an advisory cautioning U.S. companies about the risks of doing business in Hong Kong because of “what…
Merkel, Biden differ on pipeline, agree to limit Russian clout
U.S. President Joe Biden said he and German Chancellor Angela Merkel agreed they wouldn’t allow Russia to use the contentious Nord Stream 2 pipeline to…
House panel advances China bill over Republican objections
The House Foreign Affairs Committee advanced a bill to counter China along a party line vote of 26-20 on Thursday as Republicans criticized the measure…
China’s heat wave is helping to drive coal prices higher again
A heat wave across some of China’s biggest industrial provinces has pushed local electricity consumption to a record, adding more strain to already weakened coal…
China’s pork imports set to plunge 50% as local prices tumble
China’s record demand for foreign pork is about to crater after domestic prices plummeted, potentially easing pressure on the world meat market and cooling at…
Brent crude oil price forecast to average $72 per barrel in the second half of 2021
In the July Short-Term Energy Outlook (STEO), we forecast the Brent crude oil price will average $72 per barrel (b) in the second half of…
Container rates to US top $10,000 as shipping crunch tightens
Container shipping rates from Asia to the U.S. and Europe increased to new record levels over the past week, ensuring transportation costs will stay elevated…
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