Page 47 - Platts Analytics News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Canadian National makes competing $30 billion bid for Kansas City Southern Canadian National Railway said it made a superior $30 billion offer to buy Kansas City Southern and wrest the American railroad away from its smaller rival Canadian Pacific, potentially setting up a bidding war for the Missouri-based railway. After Canadian Pacific agreed to acquire Kansas City Southern for about $25 billion in March, Canadian National said April 20 it is making a better cash-and-stock bid that would, in part, secure its dominant Canada-to-US Gulf Coast crude-by-rail route. Canadian National already ho...

Singapore — Headwinds have reemerged for the Asian gasoline market, as new pockets of COVID-19 infections across East Asia heighten concerns over new wide-spread movement curbs that could derail near-term demand-side recovery of the motor fuel and put the brakes on the uptrend in the middle distillate crack spread. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Following the recent sharp slide in India's transportation fuel demand, the added concerns come as a number of East Asian countries such as Malaysia, Vietna...

Weather troubles in Brazil, US likely to keep high corn prices sustained Corn futures prices on the Chicago Board Trade, which gained nearly 50% since the beginning of 2021, are likely to maintain the upward trend in the near-term, owing to weather issues with the top two producers — Brazil and the US — and higher demand from China. Weather concerns have impacted Brazilian corn growers for a while now, and growing distress chatters around dry weather in parts of the US have boosted bullish sentiments in the market, analysts said. Strong US corn export inspections are providing additional ...

China has laid out some lofty goals for its climate action. In September 2020, it pledged that it would peak its carbon dioxide emissions before 2030 and hit carbon neutrality before 2060. This was followed in December 2020 by an announcement to enhance its nationally determined contributions under the Paris Agreement for 2030, including increasing the share of non-fossil fuels in primary energy consumption to around 25%. Earlier this year, it issued rules for its emissions trading scheme for the power sector and carbon trading is expected to begin in late 2021. How realistic are these goals?...

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now April crude production slid by 115,000 b/d compared to the 1.283 million b/d it reported for March, the report released on May 11 showed. According to the monthly S&P Global Platts OPEC Survey, Libya pumped 1.12 million b/d in April, a fall of 70,000 b/d from March. Production fell as a funding dispute between state oil companies and the central government caused several fields to be shut in. As a result, state-owned National Oil Corporation declared force majeure on crude export...