VLCC freight rates for hauling crude on the key Persian Gulf to China route jumped sharply to hit a two-month high due to surging demand for shipping Atlantic barrels over long haul voyages,

Egypt received a rare LNG cargo on Friday at its Ain Sukhna Terminal in the Red Sea, S&P Global Commodity Insights shipping data showed Nov. 6, as tight Israeli gas supply led to

The carbon industry is toying with the idea of a new type of carbon credits called transition credits that can be used to fund early retirement of coal-fired power plants, but the idea

China's refining margins at the lowest this year may mean a "lower appetite" for crude oil by the world's largest energy consumer in the next few months at a time when demand in

Germany's gas storage sites have now been filled to more than 100% of capacity, data from industry group Gas Infrastructure Europe showed Nov. 6, the fourth EU member state to fill stocks to

Glencore PLC reduced its 2023 production targets for nickel and ferrochrome while reporting year-on-year declines in output for five of its nine metal products in the third quarter. Quarterly nickel output fell 8%

India's Minister for Commerce and Industry Piyush Goyal said Nov. 2 that a domestic carbon tax could help exporters avoid the EU's Carbon Border Adjustment Mechanism (CBAM) levy. CBAM levies a tax on

The UN body tasked with finalizing guidelines for a global carbon market under Article 6.4 of the Paris Agreement failed to agree on the requirements for methodologies and guidance on carbon removals at

Aleph Alpha, which has built its own large language models, raised $500 million in a series B round backed by Bosch, SAP and Hewlett Packard Enterprise.

Hugh Johnston, PepsiCo's longtime finance chief, will take on the same role at Disney.