Representatives of Saudi Arabia said on Monday (23 November) that the kingdom was ready to collaborate with OPEC and non-OPEC countries to attain market stability.
Category: Markets
EU and OECD Decrease Coal Subsidies
The European Union and eight OECD countries have committed themselves to decreasing state aid for coal-fired power stations in developing countries although many of them
Potash Giants to Refocus on Specialty Products Due to Weak Prices
Potash producers are going to support sales by boosting higher-margin specialty products in response to another round of tough talks with big buyers in India
US Admits Oil Output Will Go Down Next Year
The US government’s energy unit confirmed that the country’s oil production will plummet more than expected in 2016 after an unexpectedly strong performance this year.
Danakali Provides Specification of its Eritrean Potash Products
Danakali has published product specification sheets for major fertilizer ingredients, which has helped the company to market products from its Eritrean Colluli potash project. The
Mosaic to Lay Off Scores of Workers as Potash Production Slumbers
Mosaic, the world’s leading producer and marketer of concentrated phosphate and potash, is laying off 46 workers at its Colonsay mine in Saskatchewan. The permanent
Yara Positive on Fertilizer Demand
The major Norwegian-based nitrogen company Yara said that low crops prices were “still supportive for fertilizer use and global fertilizer demand is growing”. Svein Tore
US Oil Output Dramatically Decreasing
Experts in the oil industry warned yesterday of a dramatic fall in the US crude output that could make prices soar if demand goes up.
Potash Market Forecast to Deteriorate Further
Potash prices have been declining for a number of years and observers agree that the situation is unlikely to improve anytime soon. In fact, the
OPEC to Focus on Long-Term Mega Investment Projects
OPEC leaders privately admit that the US oil industry’s high-tech flexibility is a competitive advantage that will enable the country to respond quickly to the