Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for the commodity producers, the rally is a longer-term boon to their main rival, renewable energy.
Saudi Arabia, the world's top crude oil exporter, will supply full volumes of July-loading crude to its Asian customers, five sources with knowledge of the matter told Reuters on Friday.
State-run Coal India Ltd said on Friday buyers are now allowed to export coal bought from the miner through e-auctions, in what it called a "first of its kind" and a major policy shift.
Asian shares edged higher but held their recent trading range on Thursday as investors focussed on U.S. inflation data and the risk of an upside surprise that could prompt the Federal Reserve to start tapering its massive stimulus.
China's top securities regulator said on Thursday that Chinese companies are free to choose their listing locations but they must abide by local laws and regulations.