OPEC will not let oil price fall, organisation secretary-general said
The OPEC+ group of countries, according to OPEC Secretary-General Mohammed Barkind, looks to avoid further significant falls in oil prices. This is because of...
The European Union will impose duties on imports of Chinese, Taiwanese and Indonesian steel
The European Commission is preparing to impose duties on steel imports from these Asian countries on the basis of findings that China, Indonesia and...
World market steel prices continue to rise
After several months in which economies and subsequently steel mills were reeling from the aftermath of the coronavirus shock, demand for steel is starting...
Greece plans to get rid of coal in its energy mix by 2028
Up to five billion euros, Greece wants to invest in transforming its energy sector so it can part with coal within eight years. It...
Firmer Financial Markets and Supply Cut Expectations Bolster Oil Prices
In combination to stronger financial markets, expectations that the OPEC cartel will continue to withhold oil supply has caused a surge in oil prices...
Saudi Aramco plans to increase its oil production capacities despite investment cuts
As such, oil production capacities could rise from current 12 to 13 million of barrels per day. Yet, Saudi Aramco Executive Director Amin Nasser...
Silver is growing against gold and appears in record-high values
Yet, it’s not the only reason. Demand for silver as an industrial metal has sent silver to record-high levels last seen in 2013. Silver...
Lithium Australia to focus on battery recycling and saving up
Lithium Australia has reported an operating loss for second quarter of 2019 of over AU$3 million. Moreover, the company announced its interest in strengthening...
China’s stocks prolonged its “growth line” to seven days in a row
Main Shanghai Stock Exchange index increased in 1.7% on Wednesday and ended up trading in its highest since February 2018. Index CSI300, which includes...
Almost all the Yamal pipeline capacities are reserved until the middle of next September
Reservation of 90% capacities concern period from October till the end of next September. Auction results showed that pipeline capacities were reserved in 92%...
