July 24 2022 🕓 3 min
Saudi Arabia has plans to increase export capacity
Saudi Arabia plans to increase export capacity by up to one million barrels of oil per day. This is to be done by 2030.
Tag: commodity
July 21 2022 🕓 2 min
Russia makes a big deal with Iran
Russia and Iran have agreed on investments worth billions of dollars. Gazprom will help develop oil and gas fields in Iran.
July 20 2022 🕓 2 min
Stopping gas supplies could reduce European GDP
If Russia were to cut off its gas supplies to Europe, Europe's GDP could fall by up to 1.5%, according to the European Commission.
July 19 2022 🕓 2 min
Russian gas hit by force majeure
Germany's Uniper, the largest importer of Russian gas, has received a force majeure notice from Russian gas company Gazprom.
July 18 2022 🕓 3 min
Canada sends debated turbine for Nord Stream 1
Canada has shipped the turbine needed for the Nord Stream 1 pipeline after repairs. It should arrive in Russia within 7 days.
July 16 2022 🕓 2 min
Indonesia supports the global palm oil market
Indonesia has lifted the export tax on all palm oil products until 31 August. This is to reduce stocks and boost exports.
July 15 2022 🕓 2 min
European Commission approves large hydrogen project
The European Commission has approved a €5.4 billion project. It will deal with hydrogen and will be jointly financed by 15 EU countries.
July 14 2022 🕓 2 min
UAE to invest $2 billion in India to develop food parks
The United Arab Emirates hopes this investment will help improve the food shortage situation in South Asia and the Middle East.
July 12 2022 🕓 2 min
India’s coal imports continue to grow despite high prices
With thermal coal prices in Asia at record highs, it would be logical to expect a drop in demand, but this has not yet happened.
July 11 2022 🕓 2 min
France expects to be without Russian gas
The French finance minister considers a complete interruption of Russian gas supplies to be the most likely scenario.
July 9 2022 🕓 2 min
Russia discovers 82 million tonnes of oil in the Arctic
Russia's state-owned Rosneft has confirmed the discovery of 82 million tonnes of oil in the Pechora Sea in the Arctic.
July 8 2022 🕓 3 min
India has extended its sugar export deadline by two weeks
India has had to extend the deadline for exporting 800 000 tonnes of its sugar due to the annual heavy monsoon rains.