Best in Energy – 25 May 2022

Glencore guilty of bribery and market manipulation

Europe aluminium output cut by high energy prices

India to open new mines to increase coal output

China aims to maximise coal production (trans.)

EU LNG deals in an emissions constrained world

EU pushes back Russian oil ban negotiations

U.S. West Coast ports least efficient ($BBG)

CATERPILLAR is the world’s largest maker of equipment for the construction and mining sectors, as well as a range of transportation equipment. Caterpillar is a bellwether for heavy industry and its share price is closely correlated with the business cycle. The company’s share price has fallen by almost -15% compared with the same month last year, a decline that suggests a slowdown is already underway:

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