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12 January 2021

Australia’s Central Eyre magnetite plans pellet plant

Australian mining company Iron Road has included a 1mn-2mn t/yr iron ore pellet plant as part of its proposed 12mn t/yr Central Eyre magnetite project in South Australia.

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Fertilizer Metals Asia-Pacific

12 January 2021

Woodside’s bid for Sangomar oil stake delayed again

Australian independent Woodside Petroleum's bid to increase its stake in the planned 100,000 b/d Sangomar oil field offshore Senegal has been delayed until February, after fellow Australian firm Far deferred a shareholder vote on the sale of its stake.

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Crude oil Africa Asia-Pacific

11 January 2021

Pompeo restores Cold War-era Cuba policy: Update

Adds Cuban, congressional reactions.

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Crude oil Oil products Europe Latin America and Caribbean North America

11 January 2021

Pompeo restores Cold War-era Cuba policy

The departing US administration named Cuba a "state sponsor of terrorism" in the latest manifestation of its campaign to hamstring president-elect Joe Biden's planned foreign policy shifts.

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Crude oil Oil products Europe Latin America and Caribbean North America

11 January 2021

Semiconductor supply hits NorthAm auto output

A global shortage of semiconductors is hitting the North American automotive industry as it claws back from early 2020 production shutdowns.

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Metals Latin America and Caribbean North America

11 January 2021

CIBC banks on Canadian wind, hydro power

The Canadian Imperial Bank of Commerce (CIBC) is buying more renewable energy for its operations.

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Power Emissions North America

11 January 2021

Brazilian pellet exports rise in 2020

Brazilian wood pellet exports hit new highs in 2020, as deliveries to the UK nearly trebled and the number of export destinations rose.

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Latin America and Caribbean

11 January 2021

Iran, South Korea deadlocked on tanker issue

Iran said it remains some way off resolving a diplomatic dispute with South Korea, which moved up a notch after the seizure of a South Korean-flagged chemical tanker by the Islamic Revolutionary Guards (IRGC) navy near the strategic strait of Hormuz last week.

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Crude oil Chemicals Asia-Pacific Middle East

11 January 2021

Mexican energy shift hits Nuevo Leon industrial hub

Mexico's industrial hub of Nuevo Leon state may have the most to lose as the country's regulatory changes and possible energy reform rollbacks sour the outlook for private investment.

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Metals Natural gas/LNG Oil products Latin America and Caribbean

11 January 2021

Japanese coal burn likely to be at multi-year high

Exceptionally cold weather and low nuclear availability are likely to have lifted Japanese coal-fired generation to at least a four-year high in December, with freezing conditions and gas shortages poised to boost output further this month.

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Coal Power Asia-Pacific

11 January 2021

Venezuela saber-rattles over Guyana, US wades in

Venezuela is reviving a longstanding claim over resource-rich territory in Guyana where ExxonMobil is developing a giant offshore oil field.

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Crude oil Latin America and Caribbean

11 January 2021

N Irish steel imports carry 25pc duties post-Brexit

All steel sold into Northern Ireland that does not originate in Great Britain will now incur a 25pc duty because of the UK's withdrawal from the EU.

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Metals Europe

11 January 2021

Turkish coal burn to remain firm in 1Q

Turkish coal-fired power output is likely to remain firm in the first quarter as coal units have extended their price advantage against gas-fired plants.

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Coal Europe Middle East

11 January 2021

Quarantines, freight hikes prolong metals supply woes

Soaring freight rates amid a container shortage, logistical challenges and quarantine measures are still disrupting supply chains, pushing up metals prices.

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Metals Asia-Pacific Europe North America

11 January 2021

Portugal proposes fossil fuel-only car sale ban in 2035

Portugal's ruling Socialist party is proposing a ban on all sales of diesel and gasoline-only light vehicles in 2035, according to a draft climate framework bill.

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Oil products Europe

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