New US jobless claims hovered near 1m last week, although the overall number of Americans collecting unemployment benefits fell as more businesses rehire workers. Initial applications for unemployment aid totalled a Continue Reading
Hybrid and electric-car registrations soared in Europe last month, seizing a record share of the market and lifting total sales to the highest in 10 months. Registrations of plug-in hybrids more Continue Reading
It would be better for Russia if oil prices were higher than $46 a barrel, Russian President Vladimir Putin said on Thursday. In an interview with Russian TV channel Rossiya, Continue Reading
Amazon says it’s buying 1,800 electric delivery vans from Mercedes-Benz, the biggest such order for the German automaker to date. In announcing the order Friday, Mercedes said it would also Continue Reading
On Europe’s periphery, tensions involving an array of competing countries are rising. The brewing crisis in Belarus has sparked fears of an armed Russian intervention. And a standoff in the Continue Reading
Oil held at a five-month high as Hurricane Laura bore down on key refining facilities on the U.S. Gulf Coast and an industry report added to optimism that American energy Continue Reading
Oil prices steadied on Wednesday, pressured by worries about the demand outlook during the coronavirus pandemic but buoyed as U.S. producers shut output in the Gulf of Mexico ahead of Continue Reading
Crude oil price rallied further today after the Energy Information Administration reported a crude oil inventory draw of 4.7 million barrels for the week to August 21. At 507.8 million Continue Reading
There’s hardly anyone buying new ships, with orders plunging to a 20-year low due to a potent combination of uncertainty over environmental regulations, the economic fallout from the coronavirus pandemic Continue Reading
Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward Continue Reading
