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Spot thermal coal prices for the Newcastle Port benchmark have soared 35% over the past week to a record $353.75 a tonne, stoked by supply shortages
Jet fuel prices have soared, leaving global carriers who have already been hammered by Covid-19 over the last two years having to pass on higher costs via fuel surcharges and increased fares
Prices of thermal coal, typically used to generate electricity, have shot to record highs due to increased buying by Europe after sanctions on Russia
European diesel supplies have shrunk following the disruption caused by sanctions imposed on Russia in response to its invasion of Ukraine
Huge imports of the metal into China, much of it by speculators taking advantage of relatively low prices, consumed the market surplus in 2021, a global trade body said
It was a message that rattled US Twitter users rather than people in Taipei, who were more concerned about traffic lights going down
US President said the move would deal a blow to Putin’s ‘war machine’ but warned of inevitable gasoline price rises
Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminium to palladium to the high-grade nickel in electric vehicle batteries
Japan, which counts Russia as its fifth-biggest supplier of crude, is in discussion with the US and European countries about possibly banning Russian oil imports, Kyodo says
The state planning body plans to boost output and reserves of oil, gas, as well as coal, which powers more than 60% of China's electricity generation plants
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India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
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Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
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Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
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Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
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