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Commodities
Wall Street analysts bet on another commodity rally before year-end
Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange in London, U.K., on Monday, Feb. 28, 2022.Chris J. Ratcliffe | Bloomberg |…
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Windfall tax/housebuilders: optics trump logic when targeting business
Politicians around the world are imposing or at least proposing windfall taxes on energy groups. One justification is that profits are “too high”. But slippery politicos…
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OPEC not to blame for soaring inflation
New OPEC Secretary-General Haitham Al Ghais said Wednesday that the influential producer group is not to blame for soaring inflation, pointing the finger instead at chronic…
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Gas markets leap on both sides of Atlantic as traders search for supplies
The global energy crisis deepened on Tuesday as a further surge in natural gas prices in Europe and the US threatened to push some of the world’s largest economies into…
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First grain ship to depart Ukraine since war appears to dock in Syria
The first grain-carrying ship to depart from Ukraine since the Russian invasion appears to have docked in the Syrian port of Tartus after it stopped transmitting its…
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European shares edge higher ahead of fresh burst of data and earnings
European stocks made muted gains on Tuesday ahead of a fresh burst of data that may offer further clues about the health of the global economy.The regional Stoxx 600…
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Saudi Aramco: vast scale of NOCs diminishes supermajors to bit players
The Total Perspective Vortex, an invention of sci-fi writer Douglas Adams, tortured victims with their own insignificance. Saudi Aramco fulfils that function for oil…
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Rio Tinto rebuffed in plan to take control of Mongolian copper project
Rio Tinto’s plan to take direct ownership of a giant copper mine in Mongolia has suffered a set back after its $2.7bn buyout proposal was rejected.Turquoise Hill…
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Uniper drops coal case as tensions rise over treaty on fossil fuel projects
German energy company Uniper has been forced by its government to drop a lawsuit against the Netherlands over the proposed closure of coal power plants, highlighting the…
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Saudi prince made $500mn Russia bet as Ukraine war started
Kingdom Holding, one of Saudi Arabia’s highest-profile investors, poured hundreds of millions of dollars into Russian energy firms shortly before and after the invasion…
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