Crude oil futures were trading lower in mid-morning trade in Asia June 17, after settling higher overnight, as reports of fresh COVID-19 outbreaks continued to weigh on hopes of economic Continue Reading
Oil rose on Wednesday on hopes for economic recovery and for a clinical trial showing a cheap steroid could help save some critically ill coronavirus patients but fears of a Continue Reading
Beijing closes schools, raises COVID-19 emergency response IEA projects global crude demand to rise by 5.7 million b/d in 2021 US retail sales jumped 17.7% in May from the previous Continue Reading
The American Petroleum Institute (API) estimated on Tuesday another build in crude oil inventories, this time of 3.857 million barrels for the week ending June 12. Analysts had predicted a Continue Reading
Oil demand may not recover to pre-pandemic levels until 2022 at the earliest, according to a new report from the International Energy Agency (IEA). The surplus of crude oil sloshing Continue Reading
Spending on renewable power is set to overtake oil and gas drilling for the first time next year as clean energy affords a $16 trillion investment opportunity through 2030, according Continue Reading
Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further extend their contracts and stop working, potentially disrupting global trade, Continue Reading
Shipping lines that move the vast majority of the world’s manufactured goods have canceled more than a quarter of all sailings on Asia-to-Europe and trans-Pacific lanes, the world’s biggest trade Continue Reading
U.S. oil and gas supermajors have come under plenty of flak during the ongoing oil price rout, with some blaming them for the oil price collapse for stubbornly refusing to Continue Reading
Last week brought the first issue of Bloomberg Green, an attempt by the team behind this newsletter to create a magazine focused entirely on climate change. While making this publication, however, it Continue Reading
