Search For "global commodity"
OPEC+ extends output cuts through Q2; Russia announces additional reductio
Updated : 2 years ago IST
According to S&P Global Commodity Insights (GCI), this decision comes amidst ongoing efforts to stabilize oil markets and counteract increasing output from rival producers such as the US and Brazil.
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Vale charts course for iron ore dominance, unveils production targets and
Updated : 2 years ago IST
In a recent announcement by CEO Eduardo Bartolomeo, the Brazilian miner outlined its plans to ramp up annual iron ore production to a staggering 340-360 million metric tons by 2026, according to S&P Global Commodity Insights (GCI).
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South Korea extends fuel tax cuts, refiners eye export markets amid domest
Updated : 2 years ago IST
According to S&P Global Commodity Insights, however, industry insiders suggest that this move may not significantly stimulate domestic automotive fuel sales amid a subdued economic environment.
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Commodity watch: Global trends unveiled for OPEC Adjusts, EU carbon plumme
Updated : 2 years ago IST
In its monthly market outlook, OPEC made slight adjustments to its members' required oil production estimates, trimming the "call" on its crude by 90,000 barrels per day (b/d) in 2024 and 110,000 b/d in 2025 compared to January's figures. Despite this, OPEC remains bullish on global consumpt
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Airport strikes in Germany trigger uncertainty on jet fuel market strength
Updated : 2 years ago IST
According to S&P Global Commodity Insights (GCI), the strike has raised concerns about its impact on jet fuel demand and market dynamics, contributing to uncertainty in the aviation sector.
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US electric-generating capacity retirements in 2024 to be lowest in 16 Yea
Updated : 2 years ago IST
According to the EIA, the expected decrease in retirements for 2024 contrasts starkly with the previous year's figures, reflecting a 62 per cent drop in capacity retirements.
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US producers remain optimistic about LNG growth despite regulatory uncerta
Updated : 2 years ago IST
According to S&P Global Commodity Insights (GCI), despite potential impacts on proposed export terminals seeking offtakers, major existing LNG export projects and those under construction are expected to proceed without significant disruption.
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Upstream E&P companies shifting focus to longer contracts with lengthy
Updated : 2 years ago IST
According to S&P Global Commodity Insights, the executives made these remarks on February 20 during Transocean's fourth-quarter earnings conference call, highlighting a shift in contracting dynamics within the industry.
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Canada invests CD4.99 mn to propel rare earth processing, fueling electric
Updated : 2 years ago IST
According to S&P Global Commodity Insights (CGI), this investment, disclosed on February 15, signifies a strategic push to advance rare earth processing capabilities within the country and contribute to the development of a thriving domestic electric vehicle value chain.
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South Korean refiners optimistic about refining margins, secure ample Saud
Updated : 2 years ago IST
According to S&P Global Commodity Insights, despite Saudi Arabia's commitment to production cuts in the first quarter, feedstock managers ensured a steady flow of Saudi barrels, reflecting confidence in the market's resilience.
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Singapore mandates use of sustainable aviation fuel for departing flights,
Updated : 2 years ago IST
According to S&P Global Commodity Insights, the initiative aims to achieve a 1 per cent SAF uplift target by 2026, with plans to increase it to 3 per cent-5 per cent by 2030, as disclosed at the Changi Aviation Summit.
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"India's natural gas consumption in 2024 will likely grow 5-6 per cent", s
Updated : 2 years ago IST
According to S&P Global Commodity Insights, Manglani outlined strategic opportunities for growth, emphasizing the pivotal roles of Micro, Small and Medium Enterprises (MSMEs) and LNG for transport and mining (LTM) in driving future demand.
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