Angela Merkel is facing intense pressure to scrap the Nord Stream 2 gas pipeline project, which will transport gas from Russia to Germany, to punish Moscow over the poisoning of Continue Reading
Russia’s largest oil producer, state-controlled Rosneft, said on Thursday in response to a media report that it does not ship petroleum products to North Korea and does not do any Continue Reading
Sales of electric vehicles in Germany reached a record 13.2% market share in August and could hit 250,000 in total this year after the government boosted cash and other incentives, Continue Reading
In the second quarter of 2020, the market share of electrically-chargeable vehicles increased to 7.2% of total EU car sales, compared to a 2.4% share during the same period last Continue Reading
Crude oil futures were rangebound during mid-morning trade Sept. 3 as the market clawed back some overnight losses, led by waning sentiment in a highly uncertain macroeconomic environment amid a Continue Reading
Oil prices extended losses on Thursday, falling to their lowest point since early August, as worries about weaker U.S. gasoline demand and a sluggish economic recovery from the COVID-19 pandemic Continue Reading
Oil prices took a tumble on Wednesday post-EIA report, despite a favorable crude inventory report that showed oil inventories in the United States had shrunk by nearly ten million barrels. Continue Reading
For all the recent rhetoric about the impending global clean energy transition, make no mistake: the world still runs on fossil fuels. The energy mix may be changing, with COVID-19 Continue Reading
The Arctic has experienced the worst fire season on record for the second year in a row, with giant wildfires sending over one third more carbon dioxide into the atmosphere Continue Reading
OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand also stimulating Continue Reading
