MOSCOW (Reuters) – President Vladimir Putin accelerated a shake-up of Russia’s political system on Monday, submitting a constitutional reform blueprint to parliament that will create a new center of power Continue Reading
European business news recently announced the latest German government initiative to decarbonize its nation’s electric power generation by closing all coal fired generating stations by 2038. The plan received the Continue Reading
France could shut down its next two nuclear reactors in 2025-2026 if market conditions are right, earlier than expected as it presses ahead with plans to close 14 reactors by Continue Reading
Credit applications by eurozone companies unexpectedly fell last quarter for the first time in six years, despite a further reduction in the European Central Bank’s main interest rate, an ECB Continue Reading
At 10:58 am Singapore time (0258 GMT), front-month March ICE Brent crude futures rose 67 cents/b (1.03%) from Friday’s settle at $65.52/b, while the NYMEX February light sweet crude contract Continue Reading
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude Continue Reading
World stocks held near record highs on Monday as generally better data and earnings bolstered sentiment, while oil prices hit their highest in over a week after two large crude Continue Reading
The largest publicly-traded oil companies in the world have been “living beyond their means” for years. Since 2010, the five largest oil majors have spent vastly more than they have Continue Reading
The International Energy Agency on Monday called on oil and gas companies to accelerate efforts to help the transition to cleaner energies, while at the same time conceding that investment Continue Reading
Growing climate concerns and commitments to clean energy have done little to curb worldwide oil demand , which in the third quarter of 2019 increased by 1.1 million barrels per Continue Reading
