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The impact on commodity prices of Russia’s invasion of Ukraine has largely focused on crude oil and natural gas in Europe, but a massive surge in Australia’s forecast earnings from natural resources shows the wider impact. Australia’s government forecaster said in its latest Resources and Energy Quarterly report, released on Monday, that earnings from commodity . ....
As the U.N. COP26 climate summit gets under way in Glasgow amid dire warnings www.reuters.com/business/cop over the planet’s future, the immediate focus in Asia is getting more coal to burn at cheaper prices. China fired the big guns at its coal markets last week. It unleashed a raft of measures designed to lower prices and . ....
It’s likely that the BHP deal with Woodside signals that the era of paying premiums to acquire oil and gas assets is over. From now on, companies seeking to offload these type of assets might be forced to accept ever-diminishing prices. ....