Global automobile sales plunged dramatically in the first two quarters of this year as the coronavirus pandemic kept buyers out of showrooms. The market, which peaked several years ago, dropped Continue Reading
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Russia’s central bank has warned that crude oil prices could slump to $25 in its risk scenario for monetary policy over the next three years, TASS reports . That scenario, Continue Reading
Highlights Sources expect 55% cut, up from current 40% target Key EU parliament panel to adopt its view on Friday Stricter target to boost renewables, cut fossil use Brussels — Continue Reading
The U.K. government is starting to draw up a plan to create a “world-leading” hydrogen market that can help meet its goal to zero out greenhouse gas emissions by 2050. Continue Reading
BP is making its first move into the offshore wind market with a strategic partnership in U.S. offshore wind assets with Equinor in a deal worth US$1.1 billion. Under the Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Sept. 10 after American Petroleum Institute data released late Sept. 9 pointed to an unexpected rise in US commercial crude Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 2.970 million barrels for the week ending September 4. Analysts had predicted an inventory draw Continue Reading
Oil jumped the most since June alongside a rally in broader equities markets, boosted by expectations of US crude stockpiles extending their streak of declines. (Bloomberg) — Oil jumped the Continue Reading
Traders are betting on fresh upheaval in the oil market, in an abrupt turnaround from the calm of recent months. U.S. oil prices have slid 12% since the end of Continue Reading
