World Food Prices Hit New Record Highs
World food prices rose for the third consecutive month in October to its highest level since July 2011, driven again by increases in cereals and...
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EU Pledges €1 Billion For Technologies to Combat Global Warming
The European Union will invest 1 billion euros in the development of innovative technologies to combat global warming, TASS news agency reports with reference to...
Turkey to Launch 450,000 t/yr PP Plant in 2025
The Turkish conglomerate Ronesans and the Algerian state oil giant Sonatrach plan to commission a polypropylene (PP) plant with a capacity of 450 thousand tons...
Saudi Arabia Proposes to Create OPEC+ Analogue For Gas Market
The gas market needs a similar regulatory mechanism as OPEC+, the Saudi Energy Minister said during his speech the Russian Energy Week International Forum in...
Apple Likely to Cut iPhone 13 Production on Chip Shortages
Apple is likely to slash production of its iPhone 13 models this year by up to 10 million units because of a global shortage of...
Global Food Prices Hit 10-Year High
Global food prices rose in September to reach a 10-year peak, driven by gains for cereals and vegetable oils, the United Nations Food and Agriculture...
Russia Intends to Introduce Quota For Wheat Exports
The Ministry of Agriculture of the Russian Federation proposed to introduce a separate quota for wheat exports starting February 15, 2022, within the general grain...
European Natural Gas Prices Reach Record Highs: $1,102 Per tcm
The spot price of natural gas in Europe stands at above $1,000 per thousand cubic meters (tcm) level for the second day in a row,...
Goldman Sachs Sees Oil Price Hitting $90
Goldman Sachs, the American investment bank, increased its forecast for year-end Brent crude oil prices to $90 per barrel from $80, as a faster fuel...
Cotton Prices Soar to 10-Year Highs
Cotton futures exceeded $1 a pound (1 kilogram ≈ 2.2 pounds) for the first time in nearly a decade as adverse weather and shipping problems...
