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IF 2021 was a year of volatility and uneven performances for commodities, then 2022 is shaping up as a rinse and repeat as uncertainty over the recovery from the coronavirus pandemic remains the dominant theme.
This year will likely mark the end of stockbuilding
A factor in crude oil markets that probably doesn’t receive the attention it deserves is the difference between what various players say they will do, and what they actually do.
KUALA LUMPUR: The High Court was told that Petrosaudi International Ltd (PSI) director Tarek Obaid had absolute control over the company's accounts and have purportedly caused some US$120mil from 1Malaysia Development Berhad (1MDB) and PSI joint venture company to be transferred into an escrow account.
China told Indonesia to stop drilling for oil and natural gas in maritime territory that both countries regard as their own during a months-long standoff in the South China Sea earlier this year, four people familiar with the matter told Reuters.
PROBABLY the most sensible thing to happen in recent days in the crude oil market is the decision by Opec and its allies to postpone technical meetings to later this week to give themselves time to assess the market.
Negotiations during the Oct 31-Nov 12 period in Glasgow at what was billed as the most important conference on the climate crisis show that deep divisions remain among the thousands taking part.
SPOT iron ore prices are now lower than the depths plumbed during the early part of the global coronavirus pandemic last year, and market dynamics are yet to signal any recovery in top importer China.
CHINA’s imports of major commodities in October showed the extent of the struggles of the world’s second-biggest economy with energy shortages.
GLASGOW, Scotland (Reuters) - Activists are taking over the U.N. climate summit in Scotland on Friday, capping off a week of government pledges with a student march, youth-led presentations, and an iceberg shipped from Greenland to Glasgow's River Clyde to dramatise the plight of the Arctic.