Russia reports almost 6,000 new coronavirus cases
Russia reported 5,940 new cases of the novel coronavirus on Monday, pushing its total infection tally to 777,486, the fourth largest in the world. In a daily readout, officials said Continue Reading
EU Carbon Permits Climb to 14-Year High as Bloc Goes Green
When Joe Biden released his climate plan last week, the Democratic candidate for president emphasized one overarching goal—and it wasn’t the reduction of greenhouse gases. Instead, he unequivocally linked broad Continue Reading
Electric Cars: Renault’s Zoe Sees Sales Jump Defying Virus Gloom
Sales of Renault SA’s all-electric Zoe car jumped 38% in the first half, a rare bright spot amid the grim fallout of the coronavirus pandemic Most of the deliveries were made in Continue Reading
EU Leaders Deadlocked on Coronavirus Recovery Plan
Negotiations among the European Union’s 27 leaders for recovery plans worth €1.8 trillion ($2.06 trillion) dragged into a fourth day on Monday, leading to tense exchanges and fears of a Continue Reading
Oil Prices End Week on Tepid Note
Crude clung to losses amid a combination of weak economic data and signals that a recovery in consumption may be slowing. Futures posted a 0.4% decline in New York on Continue Reading
Brent edges lower but hovers just above $43/b on mild optimism
Crude prices edged mildly lower at midday during European trade July 17, as market participants digested OPEC+’s supply boost announced earlier this week and awaited more clarity on the demand Continue Reading
Oil prices slip as coronavirus cases surge
Oil prices edged lower on Friday as concerns about the surge in coronavirus cases sapping fuel demand while major crude-producing nations ready increases in output. The United States reported at Continue Reading
Oil Market Tightens, But Second Wave Looms
Bullish data from the EIA and promises from OPEC+ to eradicate under-compliance boosted oil markets, but fears of a second wave of COVID-19 cases are keeping a cap on oil Continue Reading
Global Oil Demand Is Bouncing Back
1. China gobbles up commodities – China imported roughly 13 mb/d of oil in June, a record high. – China also imported a record high 656,000 tons of copper last Continue Reading
Oil Traders Fear Second Round Of Demand Destruction
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday and could end the week with a loss after OPEC and other major producers including Continue Reading