Glencore pressured to curb coal production on environmental concerns

Glencore has become the latest energy heavyweight to succumb to climate change pressure and has announced it will stop raising its coal production capacity, CNBC reports. The Swiss company’s current thermal coal production capacity is 150 million tonnes annually, which makes it the biggest single exporter of the commodity. But as pressure mounts on the energy […]

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Energy commodity prices increased in the second half of 2017; metals rose too – EIA

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After decreasing nearly 20% in the first half of 2017, the spot energy index in the Standard and Poor’s (S&P) Goldman Sachs Commodity Index (GSCI) ended 2017 16% higher than the beginning of the year, thanks to higher crude oil and petroleum product prices in the second half of the year, the U.S. Energy Information […]

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Prices of energy commodities seen rising in 2018; metals to balance out after this year’s surge – World Bank

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Prices for energy commodities – which include oil, natural gas, and coal — are forecast to climb 4 percent in 2018 after a 28 percent leap this year, the World Bank said in its October Commodity Markets Outlook. The metals index is expected to stabilise in the coming year, after a 22 percent jump this year […]

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Outlook – Australia’s resources and energy overview

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For the first time in around seven years, industrial production were currently uniformly firm in the advanced economies, emerging economies and in Africa and the Middle East, Australia’s Department of Industry, Innovation and Science said, adding that this had helped propel resource commodity prices higher. Unfortunately, the high prices that have bolstered Australia’s resources and […]

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Commodities rebound in third quarter; should continue climb in the final quarter: S&P

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A key performance gauge for the commodities sector — the S&P GSCI Index —  logged its first quarterly climb of the year, putting it on track for its second consecutive yearly gain, with energy and metals posting the biggest increases. Some of these sectors should continue their rise in the final quarter. The index, which […]

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