China’s seaborne coal imports jumped by 17% in the first quarter compared to the same period of 2023, despite earlier expectations that overall coal imports this year would be largely flat versus last year. Imports of all varieties of coal by sea into China stood at 97.43 million metric tons between January and March 2024, an increase of 16.9% from the 83.36 million tons imported in the same quarter last year, data compiled by commodity analysts Kpler and cited by Reuters columnist Clyde Russell showed on Tuesday.   The estimated…

China’s seaborne coal imports jumped by 17% in the first quarter compared to the same period of 2023, despite earlier expectations that overall coal imports this year would be largely flat versus last year. Imports of all varieties of coal by sea into China stood at 97.43 million metric tons between January and March 2024, an increase of 16.9% from the 83.36 million tons imported in the same quarter last year, data compiled by commodity analysts Kpler and cited by Reuters columnist Clyde Russell showed on Tuesday.   The estimated…

The chief economist at commodity trading giant Trafigura has warned the copper market could tighten further as a result of artificial intelligence. Speaking at the Financial Times Commodities Summit in Switzerland, Trafigura’s chief economist Saad Rahim said that growth has “suddenly exploded” as a result of the proliferation of global data centres. By 2030, this could amount to an additional 1m tons of need, Rahim said and that the figure is “on top of a 4-5m ton deficit gap by 2030 anyway”. He added: “That’s…

En la madrugada de este martes 9 de abril inició la reparación de averías en el Sistema Tuy III, con la finalidad de garantizar la recuperación de 407 litros por segundo de agua, lo que se traduce en mejoras en el sistema hidráulico y en el suministro del vital líquido a nuestro pueblo, estas ...

La portavoz del Ministerio del Asunto Exteriores de China, Mao Ning, pidió este lunes al Gobierno de Estados Unidos (EE.UU.) poner fin a las difamaciones que intentan boicotear las relaciones entre Beijing y Moscú. La secretaria del Tesoro de la nación norteña, Janet Yellen, quien s...

India has raised the share of coal in its power generation this month as sharply lower hydropower output is threatening blackouts as summer approaches. The share of coal in India’s power generation jumped to 77% in the first week of April, rising by around 2 percentage points compared to the same period of 2023, per data from the Grid Controller of India cited by Bloomberg. The higher coal use in the country has been compensating for much lower power generation from hydro resources as India braces for the summer months and the general…

India has raised the share of coal in its power generation this month as sharply lower hydropower output is threatening blackouts as summer approaches. The share of coal in India’s power generation jumped to 77% in the first week of April, rising by around 2 percentage points compared to the same period of 2023, per data from the Grid Controller of India cited by Bloomberg. The higher coal use in the country has been compensating for much lower power generation from hydro resources as India braces for the summer months and the general…

Celso Fantinel, presidente de la Confederación de Asociaciones de Productores Agrícolas (Fedeagro) de Venezuela, destacó la relevancia del sector agropecuario en la economía nacional, señalando su papel como empleador de cerca del 30% de los trabajadores activos. “Es un porcen...

El Gobierno de Guyana celebró la decisión de Venezuela de presentar un documento ante la Corte Internacional de Justicia (CIJ) sobre la propiedad de la región del Esequibo, bajo control de Georgetown y reclamada por Caracas. Las autoridades guyanesas recordaron en un comunicado que ...

Morgan Stanley sees heightened geopolitical risk pushing Brent Crude oil prices to $94 per barrel in the third quarter as the bank lifted its price forecast by $4 a barrel from its previous projection. “That the degree of geopolitical risk in key oil producing regions has increased recently seems clear and uncontroversial,” Morgan Stanley analysts wrote in a note cited by Reuters. Last month, the bank had already hiked its third-quarter oil price forecast by $10 per barrel, to $90, on the back of expected tighter markets in…

El presidente de Venezuela, Nicolás Maduro, aseveró que el allanamiento perpetrado por elementos policiales de Ecuador contra la embajada de México en Quito se realizó "con la venia de la embajada de Estados Unidos". En el programa Con Maduro +, el mandatario repudió la vi...

U.S. supermajor Chevron has quit operations in Myanmar by transferring its stake in a natural gas field and an associated pipeline to its former partners in the ventures, after pledging to leave the Southeast Asian country following a military coup in 2021.     “The withdrawal gives effect to our intention to exit Myanmar in a controlled and orderly manner, following the February 2021 coup, and ongoing humanitarian crisis,” a spokesperson for Chevron has told Reuters. Chevron pledged in 2022 to exit Myanmar. In February…

U.S. supermajor Chevron has quit operations in Myanmar by transferring its stake in a natural gas field and an associated pipeline to its former partners in the ventures, after pledging to leave the Southeast Asian country following a military coup in 2021.     “The withdrawal gives effect to our intention to exit Myanmar in a controlled and orderly manner, following the February 2021 coup, and ongoing humanitarian crisis,” a spokesperson for Chevron has told Reuters. Chevron pledged in 2022 to exit Myanmar. In February…

Oil prices are set to trade in the range between $80 and $100 per barrel this year, Russell Hardy, chief executive at the world’s largest independent oil trader, Vitol Group, said at an industry conference on Tuesday. Vitol also expects robust global oil demand growth in 2024, at around 1.9 million barrels per day (bpd) higher than in 2023, Hardy told the audience at the FT Commodities Global Summit in Lausanne, Switzerland.   Oil prices jumped to above $90 per barrel last week—their highest level so far this year…

El presidente de la Comisión para la Defensa de la Guayana Esequiba, Hermann Escarrá, denunció este lunes que "Guyana no presenta documentación alguna respecto a derechos sobre el Esequibo". La información fue difundida a través de la red social X donde asevera que "V...

La vicepresidenta de la República, Delcy Rodríguez, reveló nueva trama de Guyana, Estados Unidos (EEUU) y Gran Bretaña para apoderarse del Esequibo venezolano. Durante su participación vía telefónica en el programa Con Maduro +, la alta funcionaria dio a conocer que a través de un l...

09-04-24.-El precio del dólar en el Banco Central de Venezuela (BCV) se cotizó este lunes 08 de Abril 2024 en Bs. 36,18 por unidad según la última actualización en su página web oficial y redes oficiales. El euro se cotiz...

As bullish sentiment continues to build and Brent settles comfortably above the $90 mark, oil prices look set to continue to climb this week.- German industrial production finally broke through the cycle of gloom after it posted a 2.1% increase in February, well above the consensus expectation of a 0.5% rise month-over-month.- Although Germany’s manufacturing is still below its pre-pandemic levels, the surprise hike in activity fuelled this week’s copper rally and reinforced the expectation of the ECB cutting rates from June onwards.-…

09-04-24.- El Buró Político del Comité Central del Partido Comunista de Venezuela (PCV), electo en su XVI Congreso Nacional (Noviembre, 2022), desmiente las más recientes declaraciones del gobernador del estado Zulia, Manuel Rosales, quien descaradamente aseguró en una entrevista televisiva que su c...

09-04-24.-El presidente Nicolás Maduro envió este lunes 8 de abril un mensaje al candidato Manuel Rosales en el que le pidió que no se retirara de las elecciones presidenciales, que se celebrarán el próximo 28 de julio. Esto, después que Rosales había dejado abierta la posibilidad de retirar su ...