IEA warns of another oil price war soon

The oil market has been on edge for a while now, entertaining the possibility of a new price war within the OPEC+ alliance, the International Energy Agency (IEA) said, adding that the current impasse is also threatening to derail the global economic recovery. In June, global oil demand is estimated to have jumped by as […]

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UK to extend quotas and tariffs on most steel imports

Britain is set to introduce new regulations to help defend its steel industry after accepting a recommendation from its newly established Trade Remedies Authority (TRA) to scrap some quotas on imports. Trade minister Liz Truss said the government only had the option of accepting or rejecting the recommendations in full, which said quotas and tariffs […]

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Harsh drought threatens key US crop states

A harsh drought has grown more severe across major parts of the U.S. farm belt, threatening recently planted corn, soybean and spring wheat crops in Iowa, Minnesota and the Dakotas. Rains forecast for the northern Midwest and Great Plains may bring relief to some areas, but the severe moisture deficits suggest crop yields in key […]

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Supplying Asia with LNG got much costlier for the US, but strong demand brings export records – Rystad

Supplying liquefied natural gas to the growing (LNG) Asian market has become more expensive for US producers this year, Rystad Energy said in report, adding that even so, US exporters are unlikely to repeat last year’s cost-related shut-ins as global demand has rebounded to strong levels. Instead, US LNG exports climbed to a record monthly […]

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India, US launch hydrogen task force

The United States Department of Energy (DOE), India’s Ministry of New and Renewable Energy (MNRE) and the US India Strategic Partnership Forum (USISPF) have jointly launched a US-India Hydrogen Task Force, reports Business Standard. The Task Force is under the US-India Strategic Clean Energy Partnership (SCEP). India and US had decided to revamp their strategic partnership to focus […]

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Drought unfolds in key U.S. crop states

A harsh drought grew more severe across major parts of the U.S. farm belt this week, threatening recently planted corn, soybean and spring wheat crops in Iowa, Minnesota and the Dakotas, meteorologists and climatologists said on Thursday. Rains forecast for the northern Midwest and Great Plains this weekend and next week will bring relief to […]

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