All the tremors around markets on Friday and the weekend buried the appearance of a major global oil demand estimate of the early impact of the stuttering transition away from conventionally powered vehicles to EVs in their various forms. The International Energy Agency said that while the trimming of its demand estimates this year and […]
IEA reports growing impact of EV sales on global oil demand Read More »
Two months after it was first mooted, Kin Mining (ASX:KIN) and PNX Metals (ASX:PNX) are set to marry in an all-share union of mining’s smaller players. Kin had raised the possibility of a PNX deal back in mid-January. Trading in Kin’s shares was halted to allow for the likely confirmation of the deal to be
Kin Mining and PNX Metals announce merger Read More »
Oil rebounded Friday even as the International Energy Agency trimmed its forecast rise in 2024 global oil demand. The IEA’s report came as rising Middle East tensions combined to push prices higher after the brief halt in the gains midweek. The IEA cut its projected rise in demand this year by 100,000 barrels a day
Oil rebounds despite IEA’s trimmed forecast Read More »
China’s strong start to 2024 came to a rapid halt in March, judging by this week’s inflation and trade data. Consumer price inflation edged closer to a return to deflation, and producer price deflation surprised, being worse than forecast on Thursday. On Friday, the country’s trade performance last month came in much weaker than forecast.
China’s strong 2024 start halts Read More »
