Scores of cities across Europe are sweltering under record temperatures that are boosting demand for cooling systems while forcing utilities to scale back power production to avert outages.
Tag: Coal
The most persistently bullish part of the commodities sector in recent years has been metals associated with the energy transition, such as copper, lithium and rare earth elements.
Europe’s natural gas market has passed the Hormuz stress test — at least so far. A U.S.-Iran peace deal suggests the worst of the shock may be over, even if flows recover only gradually. That should temper supply fears and shift attention to the demand pressures likely to shape the market in coming decades.
After three months of upheaval, the Iran conflict and near-total closure of the Strait of Hormuz have delivered a shock that has rewired global oil, fuel and LNG flows and caused historic disruption to energy product shipping in every region.
Unmarked tunnels, missing trackers and fake doors have been uncovered during an initial probe into the deadliest mining tragedy in China in over 15 years, with the government vowing to leave no stone unturned, state media reported on Tuesday.
The Iran war has upended crude oil and liquefied natural gas markets, but the impact on coal has been more muted, even as prices for thermal grades have quietly climbed to multi-year highs.
The chaos in the aftermath of China’s worst mine disaster in 17 years led to a revision in the death toll to 82 killed, local officials said at a press conference late on Saturday.