$80 Oil Could Kill Smaller Airlines
The airline industry is heading for rising fuel costs as crude oil prices surge, and the weakest of the European airlines may not make it through the winter, Michael O’Leary, Continue Reading
EVs Could Erase 7 Million Bpd In Demand
Electric vehicles will become cheaper than the internal combustion engine in a half decade, while electric buses will completely “dominate” its sector by the late-2020s, according to Bloomberg New Energy Continue Reading
Farmers Reeling From High Oil Prices
But higher oil prices affect not only the gasoline bills of retail consumers. The higher price of oil is also pushing up diesel fuel prices as the harvesting and planting Continue Reading
U.S. top court takes up challenge to Virginia uranium mining ban
The U.S. Supreme Court on Monday agreed to decide whether states have the right to ban uranium mining for public health reasons in a dispute over a moratorium Virginia put Continue Reading
Climate Pressure on Shell Is Warning to Oil Industry
Investors are upping the ante on big oil companies over climate change, demanding they take more concrete action to help curb global warming. The issue is set to come into Continue Reading
BP secures 2 mil mt/year of LNG from Louisiana’s Venture Global Calcasieu Pass
BP has secured 2 million mt/year of LNG from the Venture Global Calcasieu Pass LNG export facility in Louisiana, under a 20-year sales and purchase agreement with Venture Global LNG, Continue Reading
BP Sees Legal Jeopardy in Activists’ Push for Climate Action
After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP Plc is wary of the risk of lawsuits related to climate change. Chief Executive Officer Continue Reading
Oil rises as U.S. says trade war with China is ‘on hold’
Oil rose on Monday, lifted by a rally across stocks and other commodities after the United States said it had put a possible trade war with China “on hold”. Brent Continue Reading
Funds bet on $150 oil as Trump blunders into Middle-East battlefield by rejecting Iran deal
Donald Trump could scarcely have chosen a more treacherous economic moment to tear up the “decaying and rotten deal” with Iran. The world crude market is already tightening very fast. Continue Reading
The Double-Edged Sword Of High Oil Prices
Rising oil prices were seen last year as a positive result of growing global growth and recovery, but a combination of factors is turning this benign view into a more Continue Reading