There were 30 vessels queued off the port on 5 December, which was in line with 7 November.

Brazil's grid operator ONS forecasts an average 3.4pc yearly increase in power demand from 2023-2027.

Historically, crude oil and iron ore prices are strongly correlated, which is unsurprising given they are both commodities tied to the state of the global economy. But in recent weeks the link has largely been severed.

The Australian government's plans to cap the price of natural gas and thermal coal for domestic consumers has provoked the predictable howls of protest from the industry and warnings of dire consequences.

Kazakhstan's GDP expanded 2.7% y/y in Jan-Nov, PM says

Inner Mongolia Autonomous Region, China's leading coal production base, has kicked its production into high gear to meet heating needs as cold waves send temperatures plunging in the country.

On a month-on-month basis, the CPI fell by 0.2 percent, compared with a 0.1 percent rise in October.

U.S. steel mills shipped 7,210,301 net tons, a 12.2 percent decrease from the 8,215,071 net tons shipped in October 2021.