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India’s Reliance planning direct oil sales discussion with Venezuela’s PDVSA
Indian refiners have resumed their purchases of Venezuelan oil through intermediaries, marking a renewed relationship between the South American country and the second-largest destination for its oil after the temporary easing of U.S. sanctions in October. Reliance, one of the major…
December 4, 2023 -
EU, China prepare for first high-level face-to-face summit since 2019
Top representatives from the European Union (EU) are gearing up for an in-person summit with Chinese President Xi Jinping and other key leaders, marking the first face-to-face meeting between the two entities since 2019. The primary objective of this summit is to ease tensions and…
December 4, 2023 -
Beijing’s efforts to curb iron ore price rally face international challenges
The two primary spot prices for iron ore, notably the Singapore-traded contracts and China’s domestic futures, displayed a notable divergence last week. This divergence was marked by gains in Singapore contracts and a decline in China’s domestic futures, suggesting a potential…
December 4, 2023 -
UAE’s ENEC explore development of advanced nuclear reactors with TerraPower
Bill Gates-backed TerraPower and the United Arab Emirates’ state-owned nuclear company ENEC have entered into a memorandum of understanding to explore the potential development of advanced nuclear reactors in the UAE and globally. This collaboration aligns with the UAE’s…
December 4, 2023 -
Germany commits €700 million for Northvolt battery factory despite budget crisis
Germany has affirmed its commitment to providing €700 million ($762 million) to ensure the realization of a Northvolt AB battery factory, marking a significant move amid financial challenges and a government spending freeze. This commitment, which involves an exemption from the…
December 4, 2023 -
Korean battery cathode maker Ecopro secures $33.5 billion contract with Samsung SDI
Ecopro BM Co., based in Cheongju, South Korea, has secured a long-term contract with Samsung SDI Co. to supply cathode-active materials for electric car batteries. The contract, valued at 43.8 trillion won ($33.5 billion), spans the years 2024 to 2028. The cathodes supplied by…
December 4, 2023 -
RWE and Masdar partner for 3 GW offshore wind project in UK
The United States, European Union, and United Kingdom are reportedly increasing pressure on Liberia, the Marshall Islands, and Panama to enhance oversight of ships carrying their flags, particularly focusing on ensuring compliance with the $60 price cap on seaborne shipments…
December 4, 2023 -
US, EU, and UK increase pressure on flag states over Russian oil shipping
The United States, European Union, and United Kingdom are reportedly increasing pressure on Liberia, the Marshall Islands, and Panama to enhance oversight of ships carrying their flags, particularly focusing on ensuring compliance with the $60 price cap on seaborne shipments…
December 4, 2023
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