Europe is entering its golden age of gas

In a 2011 report, the International Energy Agency (IEA) asked a provocative question: are we entering a golden age of gas? At the time, U.S. shale gas production was surging and new fields were coming online around the globe, encouraged by high oil prices. Gas, it seemed, was poised to “play a far more prominent role […]

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Mango exports may hit 50,000 tonne this season; South Korea, Malaysia among new markets

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With a good harvest expected this season, the country’s mango exports is expected to cross 50,000 tonnes. Last season, India exported some 40,000 tonnes. Mango exports to US have taken off in a big way with more than 1,000 tonnes expected to be exported this year, senior officials of the Maharashtra State Agriculture Marketing Board […]

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Gold-backed ETFs gained globally in 2018, even with North America outflows

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Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain’s exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resulting from a strong U.S. dollar, says a Reuters report. Gold-backed exchange-traded funds (ETFs) worldwide registered net inflows of $3.4 billion, a […]

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Onion export down by 7% during April-August in Maharashtra; India’s exports however increase

Maharashtra the leading onion exporter has witnessed a drop of 7 per cent in export during April-August of the current financial year, while the national export has increased by 5 per cent during the same period. Despite good quality summer onion production in Maharashtra, factors like change of ports for shipment from Mumbai to other […]

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European refining industry confident over fuel demand despite fears of peaking – report

Europe’s refining industry is confident that the global thirst for liquid fuels would continue to rise despite fears that the demand might be peaking, as electric vehicles (EV) being to eat into the transport sector, Platts reported. Refiners expect the demand would come from sectors such as aviation, heavy truck and shipping, and a rising […]

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Global coal demand to remain flat to 2022, resulting in a decade of stagnation – IEA

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Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the International Energy Agency’s (IEA) annual coal market report. Global coal consumption fell 1.9% to 5,357 million tonnes of coal equivalent (Mtce) last year, the second year of decline, because of lower gas […]

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