Global Industry: Renewables investment falls short of lofty ambitions

Global Industry: Renewables investment falls short of lofty ambitions

A yawning investment gap in clean energy means it is still just a marginal part of many portfolios.

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Global Markets: China’s Oil Imports Recover In July

Global Markets: China’s Oil Imports Recover In July

China’s crude oil imports in July rose for the first time in three months, but were still at their third lowest monthly level so far this year, as independent refiners continue to suffer from the new tax regime eroding their refining margins.

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Global Markets: Automakers ‘waking up too late’ as China takes control of cobalt world’s supply

The auto industry is “waking up too late” to the fact that China will hold most of the world’s supply of battery raw material cobalt, Ivan Glasenberg, CEO of top producer of the metal Glencore, said on Tuesday according to a Reuters report.

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Global Industry: Oil Prices Rise After Strong Crude Inventory Draw

The Energy Information Administration reported yet another inventory draw for last week, making it the fifth one in a row with falling inventories. The authority said inventories had gone down by 6.5 million barrels, to 436.5 million barrels.

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Global Markets: China LNG imports hit record in December

China’s liquefied natural gas (LNG) imports hit a record high in December, customs data showed on Monday, driven up as the country pushes towards cleaner fuels.  The world’s No.2 economy shipped in 3.73 million tonnes of LNG in December, topping the previous record of 2.66 million tonnes in November and up from 2.10 million tonnes a year ago, the General Administration of Customs said.

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Global Markets: “Inexorable decline” as Iron ore price hits new low

The iron ore price pulled back once again on Thursday as news out of top consumer China further clouded the outlook for a market already flooded with new supply. The 62% Fe benchmark import price including freight and insurance at the port of Tianjin tracked by The SteelIndex fell $0.30 or 0.5% to $61.10 a tonne on Thursday. So far in 2015 the price has fallen 16.5% following a year in which the commodity nearly…

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