Parts of the European economy which were hardest-hit by the pandemic are showing signs of recovery but other areas of activity that began to bounce back earlier have leveled off, Continue Reading
European Union leaders agreed on Tuesday to allocate more than US$572 billion (500 billion euro), or 30 percent of the massive stimulus package , for investments in policies to fight Continue Reading
Struggling with a recession amid low oil prices and measures to curb the pandemic, Russia is mulling over cutting its military budget by 5 percent between 2021 and 2023, recommendations Continue Reading
Crude oil futures were rangebound in mid-morning trade in Asia July 21, as hopes of a potential vaccine for coronavirus helped offset concerns about the rising pandemic cases globally. At Continue Reading
Oil was anchored near $40 a barrel as investors weighed virus and weather-driven demand concerns against expectations U.S. crude and gasoline stockpiles continued to shrink. Vaccine trials are showing promising results but the Continue Reading
Oil edged up with support from U.S. equities, but pandemic-driven demand concerns capped the price rebound. Crude futures in New York managed to close 0.5% higher on Monday, boosted by Continue Reading
The price of natural gas fell nearly 5% on Monday, as lower U.S. LNG exports threaten to exacerbate inventories, which are already significantly higher than the five-year average. The price Continue Reading
U.S. demand for petroleum and liquid fuels is expected to remain below the 2019 average from before the COVID-crisis until August 2021, despite the uptick in consumption in recent weeks, Continue Reading
A coronavirus vaccine the University of Oxford is developing with AstraZeneca Plc showed promising results in early human testing, and is now set to move into larger trials that are likely to be Continue Reading
Crushed rocks could one day draw down billions of metric tons of carbon dioxide from the air. The idea, often referred to as “enhanced rock weathering” (ERW), is among a Continue Reading
