It has been a stunning fall from grace for Exxon Mobil Corp. Just seven years ago, Exxon was the biggest U.S. company by market capitalization. It has since lost roughly Continue Reading
Last year, the United Nations sent out a grim warning : The world has a very short 10-year window to act to avert catastrophic and irreversible climate change. Not surprisingly, Continue Reading
Trafigura, one of the largest exporters of US crude oil and refined products, does not expect to see any growth in US shale production until the end of 2021, as Continue Reading
Germany’s economic recovery from the coronavirus crisis has weakened but the revival is likely to continue in the rest of 2020, the Economy Ministry said on Monday. Europe’s largest economy, Continue Reading
Germany’s economic recovery slowed recently due to weaker demand in the autos sector and declining machinery output, according to a government report Monday. “The recovery in the German economy continues but Continue Reading
As Angela Merkel weighs up the arguments for scrapping a Russian pipeline project, a cornerstone of the German chancellor’s carefully crafted energy strategy is at stake. Merkel is coming under increasing Continue Reading
Oil posted its first back-to-back weekly loss since April’s rout with the end of the summer driving season and concern about OPEC’s production compliance weighing on prices. Futures in New Continue Reading
Oil prices were little changed on Friday, but posted their second straight weekly loss as stockpiles rise around the world and fuel demand struggles to rebound to pre-coronavirus levels. Both Continue Reading
U.S. West Texas Intermediate crude oil is under pressure on Friday and in a position to close lower for a second consecutive week on growing demand worries and an unexpected Continue Reading
While bearish sentiment has returned to oil markets due to what appears to be a weakening demand recovery, oil prices climbed on Friday morning after steep losses earlier in the Continue Reading
