White House vows to avoid future sanctions on Russian crude oil
The Biden administration won’t sanction Russian crude oil because that would harm U.S. consumers and not Vladimir Putin, a U.S. State Department official said Friday.
Key Russian oil shipping rate triples after Ukraine invasion
Freight rates are soaring as crude buyers struggle to find shippers willing to send their vessels into Russian ports because of the shelling in and…
U.K. High Court maintains Brexit sugar deal, quashing challenge
A challenge to one of the U.K. government’s first post-Brexit trade deals has been quashed in the country’s High Court, where a judge ruled that…
Ukraine invasion to squeeze high-quality iron market, Vale says
Russia’s invasion of Ukraine is casting a shadow over the global economic recovery that underpins steel demand. But there’s a significant offset for producers of…
Biden team to hold off on sanctions hitting aluminum from Russia
The Biden administration is holding off for now on sanctions against Russia that could disrupt global aluminum supplies, according to people familiar with the matter,…
Commodity prices inflated by 40% by risk premiums, analyst says
Prices for some key raw materials are substantially inflated and could fall a “long way” if and when concerns ease about the Russian invasion of…
GO Industrial buys land in East and West Phoenix for 1.28M s.f. of spec industrial
Phoenix-based GO Industrial has purchased land parcels on each side of metro Phoenix and will build two concurrent Class A projects, totaling 1.28 million square…
EU leaders back financial sanctions, tech limits on Russia
EU leaders backed a broad sanctions package Thursday that will limit Russia’s access to Europe’s financial sector and restricting key technologies.
Chemical tanker in Black Sea hit by shelling, crew abandons ship
A chemical tanker was hit by shelling in the Black Sea near Ukraine, forcing 10 sailors to leap overboard and seriously injuring two.
China’s plans for coal could be upset by surge in energy prices
The surge in international coal prices could upset China’s policy of linking its electricity rates more directly to the cost of its mainstay fuel, risking…
Get the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
