German industrial output posted a record plunge in April as the coronavirus pandemic forced manufacturers in Europe’s largest economy to halt production, with firms expecting a bumpy road ahead despite Continue Reading
German industrial production took a record-hit in April, before a gradual easing of lockdown restrictions set off an ever-so-slow recovery. Output slumped 17.9% during the month that saw unprecedented closures of Continue Reading
Crude oil futures settled at three-month highs June 5 amid improved demand outlooks following better-than-expected US economic data and declining drilling rig counts. NYMEX July WTI settled $2.14 higher at Continue Reading
Oil prices rose on Friday after an unexpected fall in the May U.S. jobless rate and OPEC’s decision to bring forward to Saturday discussions on whether to extend record production Continue Reading
Crude oil demand this year will fall to around 90.6 million bpd this year, OPEC’s secretary-general Mohammed Barkindo said ahead of the next OPEC+ meeting, as cited by Trend. This Continue Reading
WTI Crude prices may be set for a 90-percent jump to $70 a barrel by the fall as U.S. oil producers may have “over-cut” production, Dan Eberhart, chief executive of Continue Reading
The oil market is set for a deficit from August onwards, even after OPEC+ eases the current cuts that are up for a tentative extension through July, Rystad Energy analysts Continue Reading
with Paulina Firozi Greenhouse gas emissions have plunged since the start of the coronavirus pandemic. At the same time, Earth’s carbon dioxide levels are at their highest point in human Continue Reading
The turbine inventor Henrik Stiesdal is small in the shadows of gigantic curves of steel, watching workers weld towers that will be rooted to the seabed. This factory in the Continue Reading
OPEC and its allies led by Russia meet on Saturday over plans to extend record oil production cuts and to push countries such as Iraq and Nigeria to comply better Continue Reading
