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...Acer, the EU’s energy watchdog, said in a report published on Friday that broad subsidies used by governments to protect electricity consumers from high spikes in wholesale energy prices last year could...
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...The Australian government has identified lithium as one of the key elements in its critical minerals strategy, which includes an attempt to move up the value chain by establishing refining operations in...
...Last year he defended Koch’s decision to maintain two glass factories in Russia even as other western companies were leaving the country after its full-scale invasion of Ukraine....
...The group said it does not lack fuel stocks, even though some 60 per cent of France’s refining capacity has been affected by stoppages....
...Refining margins have risen because of the loss of capacity during the pandemic and a drop in Russian supplies after western sanctions....
...Gasoline is produced by refining oil, so prices at the pump typically take their direction from the crude market....
...The cost of Brent crude has dropped by around 11 per cent since early June, while refining margins — another key component of wholesale prices — have cooled....
...That is because they can’t do so, as its stock price is greatly influenced by daily oil price and profit for oil refining,” he added....
...Surging wholesale gas prices are putting the UK on a path to exceed 18 per cent inflation next year, the highest rate among larger western economies, according to a report from Citigroup....
...In New York state, wholesale electricity prices went up after the Indian Point nuclear plant closed in 2020 and 2021, while carbon emissions rose because of increased reliance on natural gas power....
...Wholesale prices are expected to settle at a lower level as production increases, at €3-€4 per kg by around 2030....
...The uncertainties over Hong Kong and London, said Kitao, had heightened the potential appeal of the western Japanese city of Osaka — seat of the country’s largest derivatives exchange — as a possible global...
...He has also complained about an “insane” jump in the price of lithium and said Tesla might have to get into mining and refining directly at scale....
...Western mining companies also need to rediscover their own appetites for risk....
...Most of the western world is able to carry on functioning at the moment because of vaccines, but China is going towards a zero-Covid approach. What do you make of the Chinese government’s actions?...
...A version of this article was first published by Nikkei Asia on July 2022. ©2022 Nikkei Inc....
...Most of the western world is able to carry on functioning at the moment because of vaccines. But China is going towards a zero-Covid approach. What do you make of the Chinese government's actions?...
...Burkinabè gold is mostly smuggled through the country’s porous border with Togo and flown to Dubai for refining....
...The wholesale conventional diesel price is about $1.15 a gallon in California....
...Abu Dhabi is also eyeing investment of $45bn with international partners to develop refining and petrochemicals, including building the world’s largest integrated production facility in the town of Ruwais...
...Temperatures above 100 degrees Fahrenheit (38 degrees Celsius) that have baked western cities over the past several days are likely to continue....
...Since then, it has tapped debt capital markets, floated a stake in its retail arm, launched plans to trade its flagship crude on an exchange in Abu Dhabi and signed partnerships in drilling, refining, fertiliser...
...Graphite occurs naturally and can be synthesised as a byproduct of petroleum refining....
...Oppo’s sales in western Europe have tripled this year, said Alen Wu, Oppo's vice-president and president of global sales, in an interview....
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