26 Apr 2013

By Ben Sharples April 26 (Bloomberg) – A deal to sell Australian thermal coal at the cheapest level since 2009 is raising the prospect of production cuts in the worlds second biggest ecporter and an end to a slide in prices. Xstrata Plc, which negotiated Australian power-station coal deliveries under annual contracts, agreed this month […]

03 Apr 2013

By Asjylyn Loder April 2 (Bloomberg) — China is on course to overtake the U.S. as the world’s top crude importer by 2014, as the Asian country’s growing refining capacity boosts demand and America’s fracking boom cuts the need for foreign oil, OPEC said today. Imports to China may surpass 6 million barrels a day […]