The US is set to work with Australia with the goal of to cutting the reliance on Chinese materials; the US has also blamed Iran for the oil tanker attacks in Gulf of Oman; Brazilian mining leader ‘Vale’ looks to new safety methods after two dams collapse.
Latin Economies are thought to be deteriorating; Australia is now battling to remain the top global exporter as rivals rush to get a share of the Asian market; China has a new plan for the formula market and oil traders have achieved some of their best results in 2019 after a poor performance last year.
A very minor shift in the LNG market may mean a huge change for ship owners. In other news, an Australian election has taken place which dismissed the implications of climate change, oil traders have been shipping dirty Russian oil off to Asia, China’s muted economy has been argued to be unable to nurture other commodities and energy trade has been reviewed in the attempt to create business risks – and potential openings.
Mercuria Energy Group is expected to enter LNG trading after deliberating whether to invest in the market after several years.
Australia’s mining industry has been reported to be turning green, with miners now turning to renewable energy sources.
Australia could be global trailblazers in the production of hydrogen according to an article in The Guardian this week. Staff at Queensland University successfully exported hydrogen, produced from renewable energy, to Japan.
Saudi Aramco is announced as the most profitable company in the world, whilst Shell’s director of new energies shared his plans for global domination by the 2030s.
Is your business ready for the new reality?