Russia’s War Is Turbocharging the World’s Addiction to Coal
(Bloomberg) The world’s addiction to coal, a fuel many thought would soon be on the way out, is ...
(Bloomberg) The world’s addiction to coal, a fuel many thought would soon be on the way out, is now stronger than ever. In Germany and Italy, coal-fired power plants that were once decommissioned are now being considered for a second life. In South Africa, more coal-laden ships are embarking on what’s typically a quiet route around the Cape of Good Hope toward Europe. Coal-burning in the U.S. is in the midst of its biggest revival in a decade, while China is reopening shuttered mines and planning new ones.
Oil joins tumbling commodities as China COVID spread triggers fresh demand worries
Oil prices tumbled on Monday, amid fresh worries that spreading COVID cases and more...
Oil prices tumbled on Monday, amid fresh worries that spreading COVID cases and more lockdowns in China will hurt demand. That has added to concerns that Federal Reserve tightening could also weaken prospects for the commodity.
West Texas Intermediate crude for June delivery tumbled 5%, or $5.11, to $96.96 a barrel. On Friday, oil settled 1.7% lower at $102.07 a barrel on the New York Mercantile Exchange, and fell about 4.1% for the week, FactSet data show.
June Brent crude fell 4.5%, or $4.86, to $101.27 a barrel. The contract fell nearly 1.6% to $106.65 a barrel on ICE Futures Europe on Friday, falling 4.5% for the week.
May gasoline slid 4.3% to $3.162 a gallon, after losing 2.3% last week. May heating oil fell 2.1% to $3.854 a gallon, after gaining 2.2% last week.
May natural gasNGK22, +0.05% rose 0.6% to $6.575 per million British thermal units, following a 10.5% slump last week.
India’s exports to Russia are costing businesses a fortune
India’s trade ties with its long-time ally Russia have deepened since the Ukraine war began. Western...
India’s trade ties with its long-time ally Russia have deepened since the Ukraine war began. Western sanctions on Russia have resulted in a surge in crude oil prices and this, combined with an existing shortage of vessels, has made shipping more expensive. Ships carrying around 3,000 containers from India to Russia are now stuck across ports in Europe and West Asia, the Mint newspaper has reported.
Indonesia, the world's top cooking-oil exporter, says it's going to ban exports of the oil this week, and it's sent the global prices of edible oils soaring
The world's top palm-oil producer announced that it will ban exports of the commodity starting Thursday,...
The world's top palm-oil producer announced that it will ban exports of the commodity starting Thursday, sending the prices of edible oils soaring.
Indonesia accounts for about half of the world's supply of palm oil, the world's most widely used vegetable oil. Palm oil is used for cooking and for the production of thousands of consumer products including biscuits, detergents, and lipsticks.
MarketWatch: U.S. stock futures sink, suggesting more losses Monday
Dow Jones Industrial Average futures ...
Dow Jones Industrial Average futures YM00, -0.57% were off about 160 points by midnight Eastern — an improvement from a more-than-200-point loss earlier in the session — while S&P 500 futures ES00, -0.54% and Nasdaq-100 futures NQ00, -0.40% were also down but improving from session lows.
