Fear of Russia-Ukraine crisis impacting commodities market

Several commodity markets are starting to price in some geopolitical risk around the growing tension between Russia and Ukraine. There is still plenty of uncertainty over how the situation will evolve, but it is still worthwhile to look at what the potential impact could be should tension boil over into a conflict. A scenario where […]

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Asia to account for more than half of global petrochemical capacity additions by 2030: Global Data

Asia is expected to lead the global petrochemical industry capacity growth from new-build and expansion projects by 2030 with 57% share, according to GlobalData, a leading data and analytics company. GlobalData’s report ‘Global Petrochemicals Capacity and Capital Expenditure Outlook, 2021 – 2030 – Asia Leads Global Petrochemical Capacity Additions’, reveals that the total petrochemical capacity […]

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Australia’s resources and energy export earnings continue to rise

Australia’s resources and energy exports continue to surge, latest trade data confirmed, despite the challenges of the past 12 months, Minister for Resources and Water Keith Pitt recently said, pointing to the latest data from the Australian Bureau of Statistics’ International Trade in Goods and Services data for October 2021. “These latest figures confirm again […]

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OPEC+ unlikely to increase production to curb rising oil prices: Goldman Sachs

The world’s most traded commodity got a major boost from the gas crunch in Europe and Asia, prompting forecasters to update their forecasts. One of the most bullish of all observers has been Goldman Sachs, whose commodity analysts have stuck to their price target of $80 for Brent crude regardless of the resurgence of Covid-19 in many key […]

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Global energy investments set to recover in 2021 but remain far from a net zero pathway, says IEA

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Global investment in energy is set to rebound by nearly 10% in 2021 to USD 1.9 trillion, reversing most of last year’s drop caused the Covid-19 pandemic, but spending on clean energy transitions needs to accelerate much more rapidly to meet climate goals, according to a new report from the International Energy Agency. With energy investment returning […]

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