Tag archives: NR

BHP Cuts Investment In Australian Coking Coal Business 16/08/22

Australian resources firm BHP has cut all investment in its Queensland coking coal business, in response to the state government’s coal royalty rate increase and China’s continuing ban on imports of Australian coal. “We are not going to deploy any major capital into the Queensland coal business following the change in the Queensland royalties,” BHP …

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Russia ‘s Oil Export Duty To Decline In September 16/08/22

Russia’s oil export duty to fall to $52 per tonne in September   Russia’s oil export duty is set to decline to $52 per tonne in September from $53 per tonne in August, the finance ministry said on Monday, tracking global oil prices.   Retrieved from: https://www.reuters.com/business/energy/russias-oil-export-duty-fall-52t-sept-finance-ministry-2022-08-15/  

Saudis Ready To Boost Oil Output If Russian Output Drops 02/06/22

Saudis Ready to Pump More Oil If Russian Output Drops, FT Says   Saudi Arabia is prepared to boost oil output should Russian production fall substantially due to increasing sanctions, the Financial Times reported, citing five people familiar with the discussions.   There have been discussions about an immediate increase in output from the Saudis …

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Crude Hit A Two-month High On EU Ban And China Reopening 31/05/22

Oil Extends Sixth Monthly Gain as EU Set to Curb Russian Supply Oil headed for the longest run of monthly gains in more than a decade as European Union leaders agreed to pursue a partial ban on imports of crude from Russia while China further eased anti-virus curbs, aiding demand. Brent crude neared $123 a …

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Iron ore headed for three weeks high as China starts to reopen 30/05/22

Iron Ore Rises With Copper on China’s Waning Virus Outbreak   Iron ore headed for its highest close in three weeks as industrial materials gained on hopes that China’s easing of virus curbs will herald a demand recovery. Beijing relaxed movement restrictions in several districts as new local cases in the capital declined to only …

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