Morgan Stanley cuts oil demand growth outlook on China factors
Morgan Stanley has lowered its global oil demand growth forecast for 2024, mainly due to China's slower economic growth, increased electric vehicle usage there, and a rise in the number of trucks in China powered by liquefied natural gas (LNG), reports Reuters.The bank cut its global oil demand growth forecast...
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Equinor halts Vietnam offshore wind plans, to close Hanoi office
HANOI/OSLO, Aug 24 (Reuters): Norway's state-controlled energy giant Equinor has cancelled plans to invest in Vietnam's offshore wind sector, a company spokesperson told Reuters, in a setback for the Southeast Asian country's green power ambitions.Vietnam has attracted international interest in its renewables plans because of its strong winds in shallow...
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India's silver imports to double on demand for solar, investment
BENGALURU, Aug 24 (Reuters): India's silver imports are on course to nearly double this year due to rising demand from solar panel and electronics makers, and as investors bet the metal will give better returns than gold, leading importers said on Friday.Higher imports by the world's biggest silver consumer could...
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Soybeans gain ahead of heat wave
CHICAGO, Aug 24 (Reuters): Chicago Board of Trade soybeans rose on Friday as traders covered short positions ahead of the weekend while monitoring an incoming heat wave that could threaten some crops in the US Midwest, traders said.Most-active November soybeans ended up 11-1/2 cents to $9.73 per bushel and settled...
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China has cut new coal power plant permits by nearly 80pc: Greenpeace
BEIJING, Aug 24 (Reuters): China, the world's largest builder of coal-fired power stations, cut the number of permits for new plants by nearly 80 per cent in the first half of 2024, an environmental group report finds, saying time would tell whether it was a turning point.The Greenpeace East Asia...
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