The president of Venezuela’s opposition-run Congress on Monday accused Wall Street investment bank Goldman Sachs of “aiding and abetting the country’s dictatorial regime” following a report that it had bought Continue Reading
Goldman Sachs bought last week around US$2.8 billion bonds issued by Venezuela’s embattled state oil firm PDVSA, betting that a change in the Venezuelan regime could more than double the Continue Reading
India’s diesel demand is expected to rise to record levels again this year as a slew of infrastructure projects boosts use of the transport and industrial fuel, although a government-induced Continue Reading
Just a decade or so ago, energy traders believed that using natural gas to generate electricity instead of coal was akin to bringing Dom Pérignon to a party where Budweiser Continue Reading
New York is turning into a center of attraction for innovative energy technology companies thanks to its US$5-billion plan to generate half of its electricity from renewable sources by 2030, Continue Reading
Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla Inc. is building at a plant in Nevada and opening the way for a quicker shift toward green Continue Reading
Russia issued government tenders on Monday for contracts to build 1.9 gigawatts of renewable energy capacity by utilizing foreign direct investment to create thousands of jobs for the country’s citizens, Continue Reading
Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply. Trading activity will be subdued on Monday due to public holidays Continue Reading
U.S. explorers added rigs for 19th week to highest since 2015 OPEC and allies agreed to prolong output curbs for nine months Oil traded below $50 a barrel after OPEC Continue Reading
Group seen facing market share, revenue growth challenges Backwardation needed to prevent “unbridled” U.S. shale growth As the oil market responds skeptically to OPEC’s output-cut deal , Goldman Sachs Group Continue Reading
