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1172 days ago

Abu Dhabi to increase oil output from 3 to 5 million barrels a day by 2030

UAE is the third largest OPEC provider of oil and has recently seen an increase in oil output as a percentage of oil-related GDP. However many efforts have been made to pivot into non-oil and clean energy since 2014, but more profits need to be generated in order to invest in new projects both renewable and fossils. Source: FT 

#Commodities

1172 days ago

China iron ore imports diminishing - will the price drop?

As you might know, China has been fueling the demand for iron ore (among other metals) for months now. However, its demand growth is easing. With a rising supply on the commodity's side, we could witness a real price drop soon. 

#Commodities
China iron ore demand

1175 days ago

Cotton futures prices keep rising

Weather in cotton producing states like Texas has been tough both with a lack of water in some parts and a over abundance of it near the Hurricane Hanna. A weakened dollar has reduced the price of US bales for foreign cotton buyers. source: WSJ

#Commodities
cotton price surge

1175 days ago

Germany has the most expensive electricity in the world

Germany is the number one in the list, with the most expensive electricity in the world. One kilowatt-hour now costs 0.34 euros, which is twice as much as in Sweden and three times the price in the US. This difference is explained through energy transition and high subsidies for electricity, according to Reuters. 

#Commodities
Electricity prices: not all countries are equal

1175 days ago

Non alcoholic drinks are in, but so is every other drink in 2020

Drinkers spent more than £100 million on low and non-alcoholic wines. Non alcoholic drinks do not incur excise duty, a tax in the UK. Prices of alcohol free drinks are set around the same price as their alcohol counter parts, which means profit margins can grow. Source; FT

#Commodities
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