EU Probes into Chinese Subsidies and Imports

June 12 Reuters The European Union will apply additional duties of up to 38 on imported Chinese electric vehicles from July in a latest effort to protect homegrown manufacturers. It has also launched several probes into whether Chinese clean tech producers are dumping subsidised goods on EU markets and whether Chineseowned companies unfairly benefit from subsidies while […]
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OMV Raises 2030 Guidance on Favorable Energy Markets

June 13 Reuters Austrian energy group OMV raised its 2030 earnings and cashflow guidance during its capital markets day on Thursday, citing a more favorable market environment for oil, natural gas and refining margins. OMV is now targeting a clean CCS operating result, which excludes oneoff items as well as shortterm energy inventory holding gains and […]
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Oil Perks Up on Inventory Drawdown Forecasts for this Year

Oil forecasters anticipate stock draws in H2 2024 analyst Both contracts rise by 1 a barrel Key US data for interest rate cycle expected on Wednesday LONDON, June 12 Reuters Oil prices ticked higher on Wednesday after three key forecasters predicted that global oil inventories would fall in the second half of 2024, boosting prices. […]
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