Commodities

The U.S. had pushed OPEC not to proceed with the cuts, arguing that fundamentals don't support them, a source familiar with the matter said.
Commodities

OPEC+ agrees to cut output 2m barrels a day despite U.S. pressure

Saudi Arabia and other group members have said they seek to prevent volatility

6 October 2022
Australia's picturesque Tiwi Islands lie 80 kilometers north of the city of Darwin.
Energy

Tiny islands drive big challenge to mammoth Australia gas project

Energy major Santos wants to ship LNG to Japan, South Korea but locals resist

5 October 2022
Rio Tinto CEO Jakob Stausholm told Nikkei Asia that his company is "cautiously optimistic" about demand for its output. (Source photos by Rio Tinto and Keiichiro Sato)
Materials

Rio Tinto CEO counts on China stimulus for demand recovery

Resource giant shrugs off 'greenflation' concerns

5 October 2022
Residents of Riyadh dressed as anime and movie characters walk along a street, as they take part in a two-day costume event in the Saudi capital in March 2022. 
Comment

Can Gulf oil producers turn boom into new riches?

Countries face last chance to leverage fuel reserves amid decarbonization

28 September 2022
China's growing appetite for imported hardwood is largely explained by overseas demand for finished products.
Commodities

China's appetite for lumber squeezes Europe's wood buyers

Prices of export-grade oak and beech jump; EU declines to take action for now

28 September 2022
A tanker carrying crude oil is inspected at a port in the Chinese city of Qingdao.
Commodities

Asian naphtha prices drop nearly 50% in 6 months

Cheaper crude oil and China slump weigh on key material used in plastics

28 September 2022
Flames emerge from flare stacks at Nahr Bin Umar oil field in Iraq: The oil market is notoriously shortsighted.
Opinion

Asia must prepare for looming oil and gas shortages

Slumping production, lagging investment could hamper region's rebound

28 September 2022
China's Treasury bond holdings dropped by $100 billion in the first half of 2022.
Bonds

China cuts U.S. debt holdings 9% in suspected shift to tax havens

Beijing fears possible asset freeze after sanctions on Russian central bank

22 September 2022
Founded in 2014, Nutrition Technologies manufactures protein from black soldier fly larvae as a sustainable alternative to fishmeal, a common ingredient in animal feed. (Source photos from Nutrition Technologies' website) 
DealStreetAsia

Singapore startup that turns fly larvae into animal feed gets $20m

Nutrition Technologies looking to expand in growing insect protein market

20 September 2022
Iran's President Ebrahim Raisi arrives for the Shanghai Cooperation Organization summit in Samarkand, Uzbekistan on Sept. 14. (Ministry of Uzbekistan/Handout via Reuters) 
Energy

Clock ticks on Iran nuclear talks as geopolitics hinder progress

Washington needs Saudi and Gulf partners in showdown with China, analyst says

16 September 2022
Unloading coal from a barge into a truck at the Karya Citra Nusantara port in North Jakarta, Indonesia. Miners in the Southeast Asian nation are eager to sell more coal to Europe but are being held back by their domestic obligations.
Energy

Indonesian coal miners pump up production, eye European winter

Germany could be 'second- or third-largest importer by next year': association

15 September 2022
Vale Indonesia is working on three nickel projects worth $8.6 billion. (Photo courtesy of PT Vale) 
Commodities

Vale Indonesia embarks on $8.6bn nickel projects with Chinese firms

Miner expresses hopes on partnership with Ford Motor for EV battery materials

14 September 2022
Increasing demand for soybeans in China is helping to drive up global prices for the key ingredient in alternative meats.
Food & Beverage

Japan's alternative food market hit by high soybean prices

But restaurants, retailers, add plant-based meat options amid growing awareness

12 September 2022
India's main rice port, in the southern state of Andhra Pradesh, in September 2021: The country's move is likely to fuel global concerns over food inflation, already exacerbated by Russia's invasion of Ukraine.
International relations

India clamps down on rice exports as global food worries grow

Top supplier aims to ease food inflation after uneven monsoons

9 September 2022
A grower picks apples from tightly packed trees in a Kashmir orchard. High-density planting is increasingly popular in the region. (Photo by Kaleem Geelani) 
Agriculture

Ripe for change: Kashmir apple orchards get modern overhaul

Some farmers switch to high-density planting to help profits grow

6 September 2022
Once a member of OPEC, Indonesia became a net oil importer in 2008.
Climate Change

Indonesian oil company Pertamina ramps up carbon capture efforts

Country seeks to become Asian hub for storage as it pushes net-zero goal

5 September 2022
Harvested crops dry in a field outside the city of Jiujiang in Jiangxi Province, China on Aug. 27.
Caixin

China's devastating droughts stunt crops, threaten autumn harvest

Heat ravages 3.2m hectares of land and 580,000 large livestock across 10 regions

31 August 2022
The LNG terminal at Sakhalin-2 in 2009: Decisions by Japanese companies on the project will have wider consequences.
Opinion

Japan should stick with Russia's Sakhalin-2 gas project

Tokyo must give priority to ensuring energy security

31 August 2022
Work on a hydropower project backed by the Power Construction Corp. of China in a remote part of Indonesia is finally moving forward. (Photo by Erwida Maulia)
Energy

China pushes ahead with Indonesia's largest hydro-plant project

$17bn facility finally under construction as part of Beijing's Belt and Road

31 August 2022
Singapore-listed commodity trader Olam Group's food and agribusiness includes farming, processing and distribution operations.
DealStreetAsia

Unit of Singapore's Olam Group secures $1.98bn sustainability loan

19 banks are providing multitranche debt facility to Olam Food Ingredients

31 August 2022
Petronas President and Group CEOTengku Muhammad Taufik, third from left, says elevated energy prices are likely to slowly ease from early next year. (Photo by Hakimie Amrie)
Energy

Malaysia's Petronas sees energy price declines ahead as profit soars

State oil and gas company's top executive says outlook depends on war in Ukraine

30 August 2022
A galvanizing line at a Tosyali Toyo plant. (Photo courtesy of Danieli)
Companies

Japanese-Turkish steelmaker to invest $200m to double tin plate output

Tosyali Toyo aims to meet pandemic-driven demand for safer food packaging

30 August 2022
A Russian oil field. China, along with India, has been known to be a major buyer of Russian crude.
Commodities

Chinese refiner admits buying Russian oil for 'risk control' and 'price'

Shanghai Petrochemical under pressure from rising procurement costs

26 August 2022
Indonesia wants to capitalize on its huge nickel reserves as the world moves toward electric vehicles.
Commodities

Indonesia's high-carbon nickel key challenge in global EV uptake

Coal still powers China-led battery grade projects amid renewables plan

26 August 2022
A view of BHP Group's nickel sulphate plant being built south of Perth, Australia. The Anglo-Australian miner is pivoting heavily toward nickel to capture demand from the EV industry.
Materials

BHP bets big on EV-driven nickel boom

Miner pursues battery material while shrinking dependence on China, iron ore

25 August 2022