Saudi stocks continue to fall after energy attacks shock sentiment
Saudi Arabian stock prices fell again on Monday as investors were unnerved by the escalating attacks against the kingdom's shipping routes and energy infrastructure. However, some major Gulf markets edged up. Saudi Arabia's benchmark index fell 0.3%. Oil?major Saudi Aramco dropped 0.5%. Saudi Arabian Mining Company, Saudi Basic…
Local media report that China regulator will meet with solar industry to curb competition
Cailianshe, a local media outlet, reported Wednesday that China's market regulator would meet with solar industry representatives on Friday to discuss pricing compliance and the implementation of industry cost accounting standards. The report stated that the meeting was to curb what authorities described as irrational competitiveness in the sector.
The EU's plan for a new carbon market
The European Commission announced sweeping changes to the EU emissions trading system on Friday, Europe's largest climate policy. It allows industries to emit CO2 for a longer period of time while providing more financial assistance to invest in clean technology. The European Union’s ETS forces power plants and large industries to purchase a permit for each metric ton they emit of CO2.
The EU's plan for a new carbon market
The European Commission announced on Friday that it would be making major changes to the EU’s emissions trading system. This is Europe’s largest climate policy. It will allow industries to emit more CO2 for longer while providing greater financial support to those who invest in clean technology. The European Union ETS requires…
EU relaxes carbon market to ease industry pressure
The European Commission announced a major overhaul of the EU Emissions Trading system on Friday. It will allow industries to emit CO2 for longer periods while providing more financial support to invest in cleaner technologies in Europe. The ETS is the largest climate change policy of the European Union. The ETS requires power plants…
North Korea's state media touts the'miracles of industrial production' when output exceeds target
North Korea's industrial production reached 105% of its planned 'targets' in the 100 days following the ruling party's congress in February. This was due to technological innovation and worker mobilisation. North Korea presented a five-year economic plan to its Ninth Party Congress, focusing on the basic industries, electricity and living standards.
EU makes it harder to suspend carbon tax on imports
The European Union countries agreed to limit the circumstances in which they can suspend the carbon emission fee on imported goods. This could help to increase the certainty of low-carbon investment in the EU. The majority of EU economic ministers supported the plans, even though countries such as Slovakia, Romania, and Lithuania declined to support them.
Denmark awards cement producers $2.6 billion to carbon capture and storage
Aalborg-Portland, the largest emitter of carbon dioxide (CO2) in Denmark, signed on Tuesday a contract for 16.5 billion crowns (2.55 billion dollars) worth of subsidies to be paid by 2030. Denmark has set one of the most ambitious goals in the world for greenhouse gas reduction. It aims to reduce emissions by 70% compared to 1990 levels.
Export surge and record-low U.S. shale oil backlog slow production gains
U.S. shale producers have the lowest stock of drilled-but-uncompleted wells on record, limiting their ability to move ?quickly to boost crude output and replace rapidly depleted oil inventories after exports and refinery processing jumped to plug the shortfall in supply caused by the U.S.-Israeli war ?on Iran. Since the start of the conflict, US producers have increased their exports to Asia and Europe.
Renewables magnate Riquelme launches Real Madrid presidency bid - source
According to a source with knowledge of this matter, Enrique 'Riquelme' informed Real Madrid's Board on Thursday that he intended to run for its presidency. This is the first challenge to Florentino Perez's 'vice-like' grip on the richest soccer team in the world after more than 20 years. Riquelme, founder and CEO of renewable energy firm Cox…
Maguire: New models are needed to track China’s chaotic commodity transition.
China is the most energy-intensive country in the world and the top consumer of power. But analysts who monitor the raw material requirements for the country may need to adjust their models to take into account key structural changes to its economic makeup. Years of weakness in the real estate sector, historically the primary driver of economic expansion…
Maguire: New models are needed to track China’s chaotic commodity transition.
China is the world's largest energy consumer and the most energy-intensive country, but analysts who monitor the country's raw materials needs may have to adjust their models in order to take into account key structural changes to its economy. Years of weakness in the property sector, historically the main driver for economic growth…
Russell: The Xi-Trump Summit could help the Iranian crude oil market.
What is the best outcome of the meeting between U.S. president Donald Trump and his Chinese counterpart Xi Jinping in the context of the oil?market that is increasingly stressed? Ideally, Xi would convince Trump that the United States had won the war against Iran. The best way to cement this victory was to 'walk away' from the Middle East conflict.
Russell: The Xi-Trump Summit could help the Iranian crude oil market.
What is the best outcome of the meeting between U.S. president Donald Trump and his 'Chinese counterpart Xi Jinping in the context of the increasingly stressed crude market? Ideally, Xi would convince Trump that 'the United States won their war against Iran' and that the best way for them to cement this victory was to leave the Middle East conflict.
Document shows India wants to double its capacity and reduce steel emissions by 25%.
India's steel mills plan to reduce carbon emissions by around a quarter in the next decade, and to reduce their reliance on coal. The world's second largest producer of the alloy plans to double its output. According to a draft of a cabinet note from March 10 that was reviewed by the. It has never been reported that the new target for emissions reductions is a new one.
Sources claim that India wants to reduce coal imports for the power sector by 30% in this year.
India, which is the second largest thermal coal importer in the world, wants to reduce its imports by at least 30 percent. It has asked the industry to experiment with blending more domestic 'coal' with imported coal. India's power stations will import nearly 50 million tonnes of coal from countries such as Indonesia, South Africa and Russia by 2025.
India's infrastructure production rises by 4% in January
India's infrastructure production rose 4% in January compared to the same period last year, thanks to strong growth in cement and steel production, according to a report released by the government on Friday. The index which measures the activity in eight sectors, and represents 40% of industrial production in the country, rose at a revised rate of 4.7% on an annual basis.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could have a significant impact on markets in France and Benelux or individual stocks. Aeroports de Paris, the French airport operator, reported a 7.8 million passenger increase in January for Paris, while group traffic reached 29.5 millions passengers, an increase of 5.0 percent. EIFFAGE…
Gulf stock markets fall due to US-Iran tensions and earnings.
Stock markets in the Gulf slowed in early trading on Thursday, pressured both by a lacklustre earnings report and investor unease over tensions between the United States and Iran. U.S. president Donald Trump met with Israeli prime minister Benjamin Netanyahu on a Wednesday. He later stated that they hadn't reached a "definitive agreement"?regarding Iran but stressed that negotiations would continue.
Petronas signs a 20-year LNG Supply Deal with QatarEnergy
QatarEnergy has agreed to supply Petronas with 2 million metric tonnes of LNG per year in a deal lasting 20 years. This will help meet the country's increasing gas demand despite its dwindling gas reserves. Qatar signed a 27-year LNG deal with Japan in the last week, and this deal was the first long-term LNG supply agreement between the two nations.