EU backs 32.5% energy efficiency target for 2030

EU negotiators informally agreed on a non-binding 32.5% energy efficiency target for 2030, with a 2023 upward review clause late Tuesday, effectively closing debate on a key part of the European Commission's November 2016 clean energy package proposals.

OPEC still aims to continue oil market management with Russia

OPEC remains intent on making permanent its oil market management partnership with Russia and other non-OPEC partners, UAE energy minister Suhail al-Mazrouei said Wednesday.

Fuel prices to fall? Tough OPEC talks likely in Vienna on hiking oil output

OPEC ministers arrived in Vienna on Wednesday for crunch talks on whether to reverse a landmark pact curbing oil output, with Iran pushing back against Saudi and Russian calls to ramp up production again.

The race is on as China and India potash contract talks pick up the pace

The race is on for China and India as buyers in the two key importing nations accelerate long-term muriate of potash (MOP) fertilizer supply contract talks.

Asia, Mideast base oils firm in H1 but some pullback likely in H2

Asia base oils Group I SN150 and Group II 150N prices are expected to remain firm on persistently low supply, whereas the heavy grades - Group I SN500 and Group II 500/600N - could come under pressure on ample availability.

Made-in-Vietnam tyres present in 128 markets

Made-in-Vietnam tyres have been rolling in 128 countries and territories worldwide, according to Vice President of the Vietnam Rubber Association (VRA) Vo Hoang An.
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