Australia’s Fortescue Metals, the world’s fourth-largest iron ore miner, on Wednesday said first-half profit tumbled a third on higher material and labour costs and lowered its interim dividend, sending its shares more than 4% lower. Fortescue said costs for the half jumped by a fifth. Australian miners have been burdened by a shortage of workers .
British and Dutch wholesale gas prices rose on Wednesday amid colder weather forecasts and low wind, amid high Asian coal prices. The British wholesale gas contract for immediate delivery was up 9.00 pence at 2.15 pounds/therm by 0917 GMT. The November gas price at the Dutch TTF hub, a European benchmark, was up .
China’s September crude oil imports fell 15.3% from a year earlier, data showed on Wednesday, as companies drew on inventories amid rising global prices and as tightened import quotas continued to constrain purchases. Meanwhile, natural gas imports rose to the highest since January at 10.62 million tonnes, according to data from the General Administration of .
EU raises 5 billion euros from debut auction of joint debt | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.