Spain readies law on clean energy, hails potential economic boost
Spain’s cabinet is set to approve a bill setting out a path to reduce greenhouse gas emissions to net-zero by 2050 on Tuesday, putting it on course to join a Continue Reading
Russian Oil Majors Want Bailout From Moscow
It shall not come as a surprise that Russia’s leading oil and gas companies are suffering amidst the market depression brought about by the SARS-COV-2. Most of the companies have Continue Reading
Airlines could save $15 billion from new emissions baseline: IATA
Airlines could save an estimated $15 billion in carbon offsetting costs if the International Civil Aviation Organisation uses 2019 to calculate aviation’s CO2 emissions baseline, an official with the International Continue Reading
Industry hit by weak demand finally faces threat from electric cars
Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but automakers are betting the crisis will help accelerate an electric future. Continue Reading
Britain’s Rolls-Royce to cut 9,000 jobs amid air travel slump
Britain’s Rolls-Royce ( RR.L ) said on Wednesday it would cut at least 9,000 jobs from its global staff of 52,000 and could shut factories to adapt to the much Continue Reading
100-Year Drought Hits Poor EU Region Already Reeling from Virus
First the virus lockdown shuttered the two dairies where farmer Gavrila Tuchilus sells the milk from his 1,500 cows. Then his fields dried up, forcing him to abandon his barley Continue Reading
Are Oil Prices Rising Too High Too Soon?
Oil prices have rallied significantly, rising $10 in two weeks as markets are increasingly convinced that global demand for crude is picking up once again. Deep output cuts and the Continue Reading
The Oil Rally Is Running On Fumes
Oil prices have surged to two-month highs on growing signs of a rebound in oil demand, as the easing of lockdowns spread worldwide. At its peak in April, global lockdown Continue Reading
Oil Posts Two-Month High Amid Demand Recovery, Vaccine Hopes
Oil rose to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy, lifted by signs of recovering demand and news of a viable coronavirus vaccine. Futures in New York Continue Reading
The New Airline Travel: Fewer Flights, More Layovers, Rules for Bathrooms
Airports and airlines are rolling out temperature checks for crew and, increasingly, passengers, as well as thermal scans to spot people with elevated body temperatures. Face masks are now de Continue Reading