R/€ = 16.15 Change: -0.11
R/$ = 14.46 Change: -0.09
Au 1286.18 $/oz Change: 13.08
Pt 802.33 $/oz Change: -7.07


Even Trudeau’s Canada, gripped in carbon fight, won’t ditch coal

By: Bloomberg     10th May 2019 Set against lush hills, deep inlets and snow-kissed mountain peaks, Vancouver is the wellspring of Canadian environmentalism—and the heart of its climate dilemma. British Columbia’s premier city prides itself on its green bona fides. The province is the birthplace of Greenpeace, ushered in... 

Indian crude oil import dependency surges to 84%

By: Ajoy K Das     9th May 2019 Rising consumption and falling domestic production has increased India’s crude oil import dependency to 83.7% during 2018/19, compared with 82.9% during previous financial year, data from Petroleum and Natural Gas Ministry has showed. Despite Prime Minister Narendra Modi’s ostensible target to... 

India’s Iranian gas investments buried by US sanctions

By: Ajoy K Das     26th April 2019 India’s plan to develop natural gas assets in Iran has been buried in the wake of the US administration’s withdrawal of exemption from sanctions for trade in crude and natural gas with the Persian Gulf nation. A consortium, led by ONGC had held protracted negotiations with Iran since 2002 to... 

Indian government issues supply assurances to domestic oil refineries

By: Ajoy K Das     26th April 2019 In the wake of the end of sanction waivers by the Trump administration for imports of Iranian crude oil, India’s Petroleum and Natural Gas Ministry has officially issued assurances to all domestic refineries that the government will ensure adequate supplies. “The government has put in place a... 

Iron-ore train derailment, copper outages hit BHP bottom line

By: Esmarie Iannucci     22nd January 2019 Mining major BHP on Tuesday reported that its bottom-line has been hit with some $600-million following a train derailment at its Western Australian iron-ore operations in November, and other ‘unplanned’ production outages at its Olympic Dam and Spence operations. BHP told shareholders that... 

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