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Call to extend duty cuts on critical inputs soon

Call to extend duty cuts on critical inputs soon

India will soon decide on extending customs duty relief on critical raw materials beyond June 30, impacting sectors like pharma and steel. An inter-ministerial panel will also consider new duties on electronics and retrospective relief for nuclear power imports.
Aluminum recycling accelerating shift from green initiative to necessity amid tight supply

Aluminum recycling accelerating shift from green initiative to necessity amid tight supply

Tight aluminum supply, exacerbated by Middle East war disruptions, is accelerating demand for recycled aluminum. This highlights its strategic necessity and sustainability benefits, shifting it from a green initiative to a crucial need.
Natural gas storage surpasses forecasts, impacting energy markets

Natural gas storage surpasses forecasts, impacting energy markets

Natural gas storage surged by 108 billion cubic feet, exceeding the 101 billion forecast, per EIA. This significant rise impacts energy markets, natural gas prices, and the Canadian dollar, given Canada's energy sector.
U.S.-Iran peace hopes drain risk premium from European gas

U.S.-Iran peace hopes drain risk premium from European gas

European natural gas futures dropped over 2% on Friday. Hopes for a U.S.-Iran peace breakthrough eased global energy supply fears, reducing geopolitical risk premium in gas markets.
LNG NWE at the widest discount to Med in seven years

LNG NWE at the widest discount to Med in seven years

Northwest Europe LNG prices saw their widest discount to the Mediterranean marker since July 2019 on June 10, a seven-year high, driven by increased shipping costs and stronger Southern European hub premiums.
Supply curbs bulk buyers shut out of retail fuel network

Supply curbs bulk buyers shut out of retail fuel network

Government barred bulk buyers from retail fuel, capping daily diesel sales at 200 litres per vehicle for 90 days. This prevents diversion due to a ₹42 price gap, addressing shortages and ensuring supply for common consumers.
Grid India seeks steering panel for market coupling

Grid India seeks steering panel for market coupling

Grid India proposes a steering committee for market coupling, challenging CERC's single-operator model for India's 3 power exchanges. It cites European experience and warns of single-point failure, suggesting internal ring-fencing for market clearing functions.
Concerns rise over 2,4-D herbicide as India faces pressure for regulatory action amid health and environmental risks.

Concerns rise over 2,4-D herbicide as India faces pressure for regulatory action amid health and environmental risks.

Concerns rise over 2,4-D herbicide, developed in 1941 and used in Vietnam War (1955-1975). India's Oct 2023 order allows its use despite health and environmental risks, including bee decline, prompting calls for action.
Korea’s Climate Ministry and KEPCO Cut Daytime Electricity Rates and Raise Evening Prices

Korea’s Climate Ministry and KEPCO Cut Daytime Electricity Rates and Raise Evening Prices

Korea's KEPCO cut daytime electricity rates by up to 16.9 won/kWh and raised evening prices by 5.1 won/kWh. This new tariff system aims to curb gas power and emissions by encouraging daytime electricity use.
Kolkata Monsoon Arrival Brings Relief Across Congested Neighbourhoods 

Kolkata Monsoon Arrival Brings Relief Across Congested Neighbourhoods 

Kolkata's monsoon brings relief from heat but renews focus on ageing drainage, infrastructure gaps, and flood risks. It underscores the need for climate resilience, sustainable urban planning, and addressing public health concerns.

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