Panama – The News Desk

The World’s Key Canal Is Clogged Up. Winter Fuel Prices Could Get Wacky.

1Dec

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World

The World’s Key Canal Is Clogged Up. Winter Fuel Prices Could Get Wacky.

Climate change may be making winters more unpredictable. It could make your winter heating bills more unpredictable too, particularly if you live at the end of long and vulnerable fuel supply chains.The price of liquefied petroleum gas, a significant U.S. export, has rocketed higher recently in Asia, a remarkable development given that crude oil prices have been falling. Prices for Brent crude, the main global benchmark, are down about $9 a barrel, or about 10%, since mid-September. But Asian propane LPG prices are lower only by 3%, data from Argus Media shows, trading around $665 per metric ton in late November.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Panama Canal to Halve Daily Sailings This Winter Due to Drought

1Nov

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World

Panama Canal to Halve Daily Sailings This Winter Due to Drought

Panama Canal officials will cut available slots for ship transits by half this winter as extreme drought leaves the man-made waterway lacking enough water. The changes come after Panama Canal experienced its driest October on record, continuing a monthslong spell of warmer temperatures and low rainfall. Officials have already restricted traffic on the waterway, which handles around 7% of global seaborne trade.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

31Oct

By adminNo Comments

World

Basic Materials Roundup: Market Talk

Updated Oct. 31, 2023 5:42 pm ETThe latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1224 ET – First Quantum Minerals shares continued their decline on Tuesday as uncertainty over the future of its big Cobre Panama copper mine remains. Shares were down nearly 16% at C$16.88. First Quantum says it noted the Panamanian government’s intention to hold a popular consultation in December over Law 406 which approved the company’s revised contract for Cobre Panama. “First Quantum has contacted the government in order to understand the details in respect of the popular consultation,” it said. On Monday, analysts at National Bank of Canada lowered their rating on First Quantum’s stock to sector perform from outperform and c...