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The chairman of the UK’s Local Authority Pension Fund Forum plans next week to visit communities hit by the 2015 Mariana and 2019 Brumadinho iron ore tailings dams collapses in Brazil in a trip that could influence investors’ environmental, social, and governance perspectives on how the accidents were handled. “The objective of the visit is […]

The US has targeted Russian steelmaker MMK and its majority owner Viktor Filippovich Rashnikov, among other individuals and companies, in its latest round of sanctions against Russian elites and businesses. “As innocent people suffer from Russia’s illegal war of aggression [in Ukraine], Putin’s allies have enriched themselves and funded opulent lifestyles,” Treasury Secretary Janet Yellen

Demand for capacity to process growing associated natural gas volumes in the Permian basin has prompted Enterprise Products Partners to add two processing plants and expand NGL takeaway capacity on its Shin Oak Pipeline, the midstream natural gas and crude oil pipeline company said Aug. 3. Enterprise will build two new gas-processing plants in the

Europe’s embattled energy majors are warming up to increased investment in oil and gas amid intense regional energy security concerns, dwindling production metrics, triple digit oil prices and soaring profits. Reporting another set of bumper quarterly earnings on the back of record prices and refining margins, energy majors are being called on to both accelerate

Bangladesh will reduce imports of 0.005% sulfur gasoil by at least 20% within the next one year, as part of the country’s austerity drive to trim fuel oil purchases and save foreign exchange reserves, said Khaled Ahmed, the director of operations and planning at Bangladesh Petroleum Corp., or BPC. The country’s energy and mineral resources

Arconic has lowered its aluminum sales guidance for full-year 2022, after previously raising it in May , due to tighter margins across its operations and an equipment failure at its Tennessee operations, CEO Timothy Myers said Aug. 2. The downstream aluminum producer’s revenue is now expected to be in the range of $9.6 billion-$10 billion,

ArcelorMittal expects real steel demand this year in Europe to be “at least stable if not slightly positive,” despite current headwinds, the major steelmaker’s CFO said on a conference call. In the auto sector, “we can be cautiously optimistic about seeing higher volumes moving into the second half, even though there was no significant improvement

Near term scrap futures contracts on the London Metal Exchange saw strong losses over the week to July 28, while trading volumes increased. Platts assessed the July contract down $1/mt to $395.50/mt, S&P Global Commodity Insights data showed. The August contract fell $20.50/mt week on week to $350/mt, while the September contract fell $28.50/mt to

With millions of United Nations Framework Convention on Climate Change (UNFCCC) carbon credits expected to be generated soon by countries under the Coalition for Rainforest Nations (CFRN), Kevin Conrad, Executive Director of the intergovernmental organization, spoke to S&P Global Commodity Insights on the significance of UNFCC-certified credits, the role of the voluntary carbon market and

Exports of Brazilian steel products to Europe jumped 710% in the first half of 2022 to 909,828 mt, compared to 112,221 mt in H1 2021, filling the void left by regional suppliers Russia and Ukraine, according to latest data from national steel association Aço Brasil. The export volume to Europe represented 13.4% of total Brazilian