France says it must move fast to fight virus surge
PARIS (Reuters) – French Prime Minister Jean Castex said on Thursday the government must move fast to head off a deadly new COVID-19 wave as the virus’s reproduction level has Continue Reading
Europe May Opt for Most Ambitious Emissions Cut Target
The European Union is likely to propose the most ambitious acceleration of its emissions target as as it ramps up efforts to slash pollution in the bloc through its Green Continue Reading
Oil Rises Further On Large Crude, Gasoline Draws
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 4.524 million barrels for the week ending August 21. Analysts had predicted an inventory draw Continue Reading
Oil Prices Hit Highest Levels in Months
Crude and gasoline futures both climbed to levels not seen since before the pandemic as Hurricane Laura rattled toward a key stretch of the U.S. Gulf Coast that is home Continue Reading
IHS: Oil Demand Growth Will Taper Off
Global oil demand growth—the very thing on which the entire state of the oil industry hinges—is expected to taper off, IHS Markit has said in its latest forecast. The forecast Continue Reading
Covid Crisis Drives Historic Drop in Global Trade
In recent years, purchasing managers indexes have become important indicators of where the global economy might be heading. But in the current slowdown, where small businesses were some of the Continue Reading
Paying for Extreme Weather: Wildfire, Hurricanes, Floods and Droughts Quadrupled in Cost Since 1980
Lisa Paul was still recovering from the wildfire trauma of 2017 when she experienced a renewed wave of sickening dread last week, the skies above her home and vineyard in Continue Reading
Iran Says It Will Cooperate With International Nuclear Watchdog
Iran held constructive talks with the head of the International Atomic Energy Agency (IAEA) and will fulfill its commitments under the 2015 nuclear deal, but will not accept any additional Continue Reading
Erdogan says Turkey to get rights in seas around it
Turkey is determined to do whatever is necessary to obtain its rights in the Black Sea, Aegean and Mediterranean, President Tayyip Erdogan said on Wednesday. Speaking at an event commemorating Continue Reading
FUJAIRAH DATA: Stockpiles soar 11% in biggest weekly gain since February
Stockpiles of oil products at the crude trading and bunkering hub of Fujairah on the east coast of the UAE jumped to a six-week high, with marine bunkers and fuel Continue Reading