- India is going to explore the possibility of exporting steel to Middle Eastern countries during Petroleum & Natural Gas and Steel Minister Dharmendra Pradhan’s visit to Abu Dhabi.
- The current round of coal block auction for the non-regulated sector is likely to fetch four states about Rs 43,000 crore over the life of the mines from the extractable reserves, analysts said.
- As per the latest Indian Ports Association report, Thermal coal imports declined by 17.69% to 51.10 million tonnes at the country’s top 12 major ports during April-October this fiscal against 62.08 million tonnes in the same period previous year . As far as coking and other coal is concerned, its handling recorded a rise of 6.88% at 33.43 million tonnes during the seven months period.
- Utilisation levels of many thermal power plants would fall to 35-40% if the country sets up 130 gigawatt (GW) of renewable energy capacity by 2022, a latest report by KPMG India has pointed out.
- China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said, without specifying a timetable.
- An interim US-China trade deal is widely expected to include a US pledge to scrap tariffs scheduled for December 15 on about $156 billion worth of Chinese imports, including cell phones, computers and toys.