Brazil Steel Sector to Face Tighter Ferrous Scrap Supply in New Year

Brazil’s supply of ferrous scrap is expected to become tighter at the beginning of the new year once local steel mills increase their utilization of capacity and reopen idled plants, S&P Global cited industry...

British Food Exporters Hope for Chinese Market

The United Kingdom Minister of the environment, food and rural affairs has warned the nation's food and drink industry that a possible no-deal Brexit could affect it. Food manufacturers of the UK already know that...

Fears Over Glut to Subdue Oil Prices

The year 2018 wrapped up with a rout in benchmark prices of WTI and Brent. The downside risk haunts despite a pledge from the OPEC countries to cut output in 2019. Growing caution among investors...

Chinese Companies Foray into LNG Shipping

China is planning to pool resources for competition with South Korea in building liquefied natural gas (LNG) carriers, said industry insiders, adding that, the country has already surpassed many global rivals in mega container...

Mexico Announces New Plan to Hit Fuel Theft

Mexican President Andres Manuel Lopez Obrador said on Thursday (Dec. 27) that the government is carrying out a new plan to combat fuel theft, which brought $3.35 billion of financial losses last year to...

China’s Demand for High-End Beer Ignites the Passion of Canadian Barley Growers

In the past few years, China's demand for quality barley has increased significantly. This is because China is brewing more high-end beer. As brewers are turning their attention to increasingly discerning beer consumers, the...

Rain Deficit to Hit India’s Sugar Production Next Year

India could see a decline in sugar production for 2019-20 as drought conditions in two of the country’s major producing regions is causing big troubles to farmers who are struggling to sow cane. An output reduction would slash exports from the world’s...

China, Japan Chase for Philippines’ First LNG Terminal

The Philippines has become a new front in Japan and China's intense rivalry in overseas infrastructure as companies from both countries are rushing to build the first liquefied natural gas (LNG) import terminal in the Southeast...

EU Agrees to End Coal Subsidies For Driving Cleaner Energy

The European Union reached on Dec. 19 a deal over a proposed reform of the bloc's electricity market, including stepwise elimination of coal subsidies by 2025. The deal encompasses a suite of new laws designed...

China is ‘the Only Player in the Game’ of Making Electric Buses, Taxis, and...

Throughout the land of China, the replacement of gasoline-fueled taxis, buses and trucks with new electric models is in full swing. This huge change in China has also boosted a wave of global electric vehicle...

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EU and Japan Sign Free Trade Agreement

The European Union(EU) and Japan signed an agreement on tariff reduction on Tuesday. According to the deal, 99 percent of the tariffs on Japanese...