Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs
SINGAPORE/LONDON, Dec 01 (Reuters): Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if US President-elect Donald Trump imposes 25 per cent import tariffs on crude imports from the two countries, traders and analysts said.Two sources familiar with Trump's plan told...
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Russia cuts 2025 wheat export quota by two-thirds
MOSCOW, Dec 01 (Reuters): Russia cut 2025 wheat export quota by two-thirds, hiked wheat export duties and abandoned import quotas for some staple foods on Friday as the government called for new measures to ensure that domestic price growth is under control.The Eurasian Economic Union Council said that Russia's export...
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Germany to build hydrogen network
LONDON, Dec 01 (Reuters): KfW will provide a 24 billion euro ($25 billion) loan to help develop a future hydrogen network in Germany, the state lender told Reuters, at a time when companies have warned that the technology will take longer than expected to take off.Germany is betting on hydrogen,...
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Maersk could use 15-20pc alternative fuels for its fleet in 2030
SINGAPORE, Dec 01 (Reuters): Alternative fuels could account for up to a fifth of A.P. Moller-Maersk's marine fuel consumption in 2030 as part of its goal to reach net zero by 2040, a senior company executive said on Thursday.The container shipping giant typically consumes between 10 and 11 million metric...
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