This week in global commodity markets is marked by significant gatherings and developments that could shape industry trends. In Santiago, the Cesco Week and CRU World Copper Conference are underway, spotlighting copper at a time when the metal is showcasing strong market performance. Concurrently, the BNEF Annual Summit in New York is set to host […]
Related Posts
Pemex Accelerates Oil Development at Bakté Field in Tabasco
Petróleos Mexicanos (Pemex) has made significant progress in developing the Bakté field in Tabasco. The project has become one of the most important initiatives of the previous administration. Pemex claims the field’s development has been executed in record time, showcasing the company’s efficiency. Former Pemex Director General Octavio Romero Oropeza highlighted Bakté’s rapid advancement. He […]
BofA forecasts sharp decline in Argentine peso by 2024
According to analysts at Bank of America, the Argentinian Peso, currently one of the weakest currencies globally, is predicted to experience further depreciation. These experts foresee the exchange rate dropping to 545 against the dollar by year’s end and plummeting to 1,193 by 2024’s end. They anticipate the upcoming presidential election winner will push for […]
Red Sea Disruptions Impact Ethiopian Coffee Shipments
Middle East logistic issues are disrupting global coffee exports. Ethiopian shipments to China and Japan face delays because ships are rerouting. The amount of delayed coffee remains unspecified. Local reports have brought this situation to light. Ships avoiding the Suez Canal now use the Cape of Good Hope, causing these delays. “One ship used to […]