VINACHEM

Global coal consumption will likely peak by next year as economics and climate strategies shift the world toward cleaner energy, but several wild cards could determine how long the dirtiest fossil fuel persists, according to BloombergNEF.

Despite his campaign rhetoric of ending fossil fuels, President Biden acknowledged in his recent State of the Union address that "we’re going to need oil for at least another decade."

It was a bit more than six months ago when the G-7 announced a novel plan to try and cap the price of Russian oil worldwide.

Oil drifted lower on Tuesday as more than a week of banking turmoil kept weighing on market confidence.

The U.S. dollar edged higher in early European trade Tuesday but has struggled to climb much above recent five-week lows ahead of the start of the latest Federal Reserve policy-setting meeting.

Geopolitical dynamics in the battery metals space have taken center stage in the past year as governments around the world continue to pursue green policies and wake up to supply chain vulnerabilities.

The Government is consulting experience from other countries and strives to promulgate policy to implement global minimum corporate tax this year, said Prime Minister Pham Minh Chinh.
Prime Minister Pham made the above statement at the Viet Nam Business Forum 2023 (VBF 2023) in Ha Noi on March 19.