Oil rose on Wednesday, topping $40 a barrel for the first time since March, supported by lower U.S. inventories, expectations OPEC+ will keep oil output cuts in place and signs Continue Reading
The American Petroleum Institute (API) estimated on Tuesday a small crude oil inventory draw of 483,000 barrels for the week ending May 29. Analysts had predicted an inventory build of Continue Reading
Global air freight demand in April recorded its steepest drop ever as capacity crunch continued to plague the international cargo market due to coronavirus-related travel restrictions, the International Air Transport Continue Reading
The architect of Sweden’s controversial approach to fighting the coronavirus says he would change things in hindsight because of the country’s high death rate. Brazil reported a record day of deaths. President Donald Continue Reading
The world’s largest banks have issued billions in loans to sustainable businesses and taken some steps to restrict funding for some of world’s worst polluters. But the greening of global Continue Reading
The world’s largest banks have issued billions in loans to sustainable businesses and taken some steps to restrict funding for some of world’s worst polluters. But the greening of global Continue Reading
Coronavirus has exposed a lack of investment in the big batteries crucial to unlocking solar and wind power. A drop in energy demand caused by the pandemic has left European grids Continue Reading
As OPEC+ producers head toward a consensus on extending their output curbs, oil’s rally is prompting some U.S. producers to open their taps once again. With U.S. futures rising as Continue Reading
As Iran fought to contain the coronavirus epidemic, governments including Saudi Arabia and Iraq closed some of the world’s largest religious sites and canceled prayers. Iran is rolling back coronavirus Continue Reading
OPEC’s second-largest producer and the biggest laggard in the output cuts, Iraq, will further reduce production and remains committed to the OPEC+ pact, Iraqi Deputy Prime Minister and acting Oil Continue Reading
