OPEC Loses Power of Surprise as Majority Back Cuts Extension

With a week to go until OPEC mOil & Companies Newseets to discuss the group’s production policies, a majority of the group’s members have already set out their positions: they want to extend a round of oil output cuts to eliminate a glut.

Surprise rally in coal prices expected to stretch as China buys more

Thermal coal, the first energy market to go into a tailspin in 2011, has turned around with prices rallying for much of this year on an unexpected jump in imports from top consumer China that some analysts say will underpin sentiments further.

China’s Exports Post Surprise Drop in January

China’s exports posted a surprising drop in January, suggesting that factories were grappling with sluggish...