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China’s lofty ambitions to hit peak carbon emission by 2030 and achieve carbon neutrality by 2060 have pushed major Chinese steelmakers to chart a greener route to production as they increasingly become interested in developing direct reduced iron, or DRI, plants using hydrogen and natural gas
Oil and refined products trends are in the sights of S&P Global Commodity Insights editors this week. We consider the impact of US jet fuel and diesel price hikes, as well as trans-Atlantic freight costs, oil demand in North Africa, and more. 1. Surging US jet fuel prices drive historic rise in airfares What’s happening? The most recent US consumer price index report showed a rise of 8.2% from a year ago across all items, but airfares were up 33.3%, and increased 18
Civilization is only nine meals away from anarchy. This famous line hits home in the current play as Russia’s invasion of Ukraine set open a can of worms for agriculture producers and consumers worldwide. Supply disruptions are coming at a crucial time when the world is in the midst of months-long high energy and input cost environment, which are playing into the inflationary pressures and forcing governments to take policy actions such as export curbs
