Heat waves are covering wider areas, and people are suffering the consequences. With 2°C of warming, most summers will look like 2018, scientists say. Eduardo Velev cools off in the Continue Reading
Royal Dutch Shell pulled out of a project to build a Russian liquefied natural gas plant partly because Gazprom suddenly added another partner with links to an ally of President Continue Reading
Belarus threatened Thursday to suspend transit of Russian crude to Europe via the Druzhba Pipeline in an attempt to pressure Moscow amid deepening economic disagreements between the neighbors. Russia exports Continue Reading
London — The UK’s Department for Business, Energy & Industrial Strategy has set out its aim to increase renewables generation 75% from 2018 levels by 2035, with the expectation that Continue Reading
European refiners are paying the price for U.S. oil sanctions on Venezuela and Iran as they scramble to replace the sour crude Washington has blocked from the global market with Continue Reading
Crude oil futures were lower during mid-afternoon trade Thursday on news of higher US crude inventories reported by the Energy Information Administration. Meanwhile, global economic concerns also kept a lid Continue Reading
Oil prices soared in recent days, with Brent rising to its highest point since early November. The tightness in the market is real, but prices may not increase a whole Continue Reading
Oil prices fell on Thursday, pressured as U.S. crude stockpiles surged to their highest levels in almost 17 months amid record production and as economic concerns cast doubt overgrowth in Continue Reading
Oil futures climbed more than 1 percent on Wednesday after U.S. data showing a deep decline in gasoline stocks overrode a rise in crude inventories to 17-month highs, and as Continue Reading
Global oil output is being hit by expanding U.S. sanctions and other unplanned disruptions which, in an echo of market conditions around five years ago, are pushing prices higher in Continue Reading
