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In the midst of the carnage brought about by the Russia-Ukraine war, one must wonder how the United Nations-brokered Black Sea Grain Initiative – recently renewed for another 60 days – is holding its own, while both sides are bathing in bloodshed every day. Let's take a step back and have a look at some of the events that transpired last summer. By mid-2022, the Ukrainians were facing the full brunt of the Russian military might
This week, S&P Global Commodity Insights editors and analysts are looking at power demand from global data centers, European gas stocks, ADNOC's storage deal with South Korea and steel raw materials demand in the EU. 1. Global data center power demand set to exceed 120 GW in 2023 What's happening? Insatiable demand for data-intensive services is driving the meteoric rise of the data center industry, which accelerated in the wake of the global pandemic
China's growing energy needs on the back of a post-COVID economic recovery has put the spotlight on coal, but whether it will come from higher imports or a more aggressive domestic production remains debatable. While some analysts believe that rising domestic output will be sufficient to cater to the coal requirements this year, others think that an increase in imports is inevitable