Crude oil futures were trading higher in mid-morning trade in Asia July 1 after a significant draw in US crude oil inventories and despite an increase in coronavirus cases clouding Continue Reading
Oil is in the midst of a tug-of-war, with accelerating COVID-19 transmissions and a recovery in demand pulling prices in all directions. (U.S. commercial oil inventories reached an all-time high Continue Reading
The American Petroleum Institute (API) estimated on Tuesday a major draw in crude oil inventories of 8.156 million barrels for the week ending June 26. Analysts had predicted an inventory Continue Reading
Oil prices are unlikely to jump too much this year despite the OPEC+ production cuts as the economic and oil demand recovery are set to pick up steam only in Continue Reading
The S&P 500 rallied on Tuesday to finish higher and secure its biggest quarterly percentage gain in more than two decades as improving economic data bolstered investor beliefs that a Continue Reading
The plunge in global air freight demand from the coronavirus pandemic slowed in May as capacity shrank, the International Air Transport Association said June 30, providing a potential boost to Continue Reading
At the South Pole, considered the coldest point on Earth, temperatures are rising fast. So fast, in fact, that Kyle Clem and other climate researchers began to worry and wonder Continue Reading
The cost of U.S. solar power is dropping faster than expected as the coronavirus stifles demand, according to a report from Wood Mackenzie. Residential-system prices will fall 17% over the next five Continue Reading
Solar and onshore wind power are now the cheapest new sources of electricity in at least two-thirds of the world’s population, further threatening the two fossil-fuel stalwarts — coal and Continue Reading
“While 26% of the respondents think their investment in greenhouse-gas emissions reduction would not be hit by Covid-19 once the crisis recedes, 30% said they would reduce investments,” the group Continue Reading
