Reported about 2 months ago
This week, global commodity markets are grappling with significant developments, including Nippon Steel Corp.'s struggling bid for United States Steel Corp., which may face presidential rejection. Crude oil inventories in Cushing, Oklahoma, have seen a dramatic drop to their lowest levels since 2008, while a critical shortage of cattle threatens the US beef industry, exacerbated by rising prices. Additionally, liquefied natural gas demand is expected to rise, particularly from Egypt. Despite economic challenges, renewable energy investments are on the rise, reflecting a hopeful outlook for the climate tech sector.
Source: YAHOO