Tag: Commodity market
OPEC meeting: Saudi Arabia voluntarily cuts funding
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud in Vienna Saudi Arabia relies on a fairly high oil price to cover all government spending. (Photo: Reuters) Frankfurt Opec-plus is…
Saudi Arabia is making voluntary funding cuts
The United Arab Emirates Opec delegation In April, the oil cartel surprised with production cuts, now there is a dispute about which country should produce how much oil. (Photo: Reuters)…
Heating law is to go into parliament before the summer recess
Union calls for an end to uncertainty about heating plans In view of the violent dispute in the traffic light coalition about the planned heating law, the Union calls for…
Geywitz and Habeck want to collect energy data about every building by law
According to Chancellor Olaf Scholz, Germany must not become an import country for electricity. That is why, in view of the increasing demand for electricity, the rapid expansion of capacity…
“Greed inflation” in industry? “Only a few have increased their prices disproportionately”
BASF acetylene plant in Ludwigshafen In the Group’s basic chemicals business, prices are already falling sharply. (Photo: BASF SE) Dusseldorf Exactly one year ago, chemical companies were still bursting with…
Controversial heating law not in the Bundestag this week
According to Chancellor Olaf Scholz, Germany must not become an import country for electricity. That is why, in view of the increasing demand for electricity, the rapid expansion of capacity…
Why the price of oil could rise in the long term
Oil pump in the Permian Basin of Texas Frankfurt Although the oil alliance Opec plus announced in April that it would cut oil production by around one million barrels a…
Why the “coal guy” Gary Nagle is suddenly going all out for copper
Zurich It is a deal that is intended to fundamentally transform Glencore: in his second year as CEO, Gary Nagle has set himself the goal of taking over the Canadian…
Chinese lithium will remain cheaper because of slave labor
Justin Trudeau at the Council on Foreign Relations in New York The Canadian prime minister relies on the domestic raw materials economy. (Photo: IMAGO/ZUMA Press) new York According to Canada’s…
Japan wants to subsidize raw materials for batteries
Graphite workers in China According to the International Energy Agency, the country also processes 70 percent of its graphite for anodes, the positively charged electrode of a battery. (Photo: The…
Chile’s president wants to put lithium mining under state control
SQM mine Aerial view of brine pools slowly turning to lithium in the Atacama Desert of northern Chile. (Photo: dpa) Santiago The Chilean government wants to tighten control over the…
Storage operators consider gas shortages to be possible in cold winters
Scholz and Habeck defend Rügen LNG plans – Mukran in focus The federal government has defended plans for a liquefied natural gas terminal at the Rügen site. One cannot cope…
Germany apparently continues to get Russian oil
PCK Schwedt The refinery in Brandenburg is essential for supplying East Germany with various products, especially gasoline and kerosene. (Photo: dpa) Berlin According to Handelsblatt information, oil from Russia is…
Scholz is pushing for a free trade agreement with Indonesia
Hanover With the words “Walk the talk”, Federal Chancellor Olaf Scholz promised in his opening speech at this year’s Hanover Fair that he would follow his words with deeds. “A…
Why China is reconciling Saudi Arabia and Iran
Iran-Saudi Arabia meeting in Beijing The Chinese leadership wants to achieve a multipolar world order. (Photo: dpa) Istanbul The two regional powers, Saudi Arabia and Iran, are in the process…
Russia exports more crude oil than it has in three years
Diesel factory in a Russian oil field Almost three million barrels of Russian crude oil are exported to the Far East every day. (Photo: Reuters) Frankfurt According to the International…
How to diversify your portfolio with commodity ETFs
oil pump Commodities are considered a volatile financial and investment product by investment analysts. (Photo: AP) Dusseldorf The price of oil is currently making a comeback. After trending down for…
Jens Spahn calls for funding program for heating replacement
Spahn calls for a comprehensive funding program for heating replacement Union parliamentary group leader Jens Spahn (CDU) has called for comprehensive heat pump funding for the federal government’s plans to…
Glencore plans hostile takeover of mining company Teck Resources
copper production Glencore reaches out to a Canadian copper producer. (Photo: Bloomberg/Getty Images) Zurich Glencore reaches for the Canadian mining group Teck Resources: The Swiss commodities trader is offering Teck…
Oil price could rise towards $100 – Opec plus shocks markets
oil production According to one analyst, the cut in oil production could cause the price of oil to rise by $10 a barrel. (Photo: dpa) Dusseldorf The production cuts by…