Russia Wants OPEC+ To React To Oil Demand Recovery
Russia will propose to OPEC+ to react to the recovery in global oil demand, which has now reached 90 percent of the levels seen before the pandemic, Russia’s Energy Minister Continue Reading
Calls mount for Germany to rethink Nord Stream 2 after Navalny poisoning
A European response that involves the Nord Stream 2 gas pipeline is needed against Russia after the poisoning of Kremlin critic Alexei Navalny with a Soviet-style Novichok nerve agent, some Continue Reading
Euro zone July retail sales much worse than expected
Euro zone retail sales defied expectations of a rise in July and fell against June despite the lifting of COVID-19-related restrictions on economies, with clothes and shoes leading the decline Continue Reading
Europe’s Rebound Loses Momentum With Italy, Spain Shrinking
The euro area’s recovery ran out of steam midway through the third quarter, with gauges of activity pointing to contractions in Italy and Spain. While manufacturing output rose markedly in August, Continue Reading
Europe May Tighten Pollution Rules Again in Zero-Emissions Bid
European Union governments are considering a plan to set an intermediate emissions-cut goal for 2040 in a bid to keep the bloc on track for climate neutrality, according to an Continue Reading
Slammed by virus, France unveils huge economic rescue plan
Facing resurgent virus infections, France’s government is unveiling details Thursday of a 100 billion-euro ($118 billion) recovery plan aimed at creating jobs, saving struggling businesses and pulling the country out Continue Reading
Crude oil futures climb on positive US economic data, stocks drawdown
Crude oil futures were higher during mid-morning Asian trade Sept. 2 as the US’ manufacturing data for August was stronger-than-expected and a private inventory report released late Sept. 1 showed Continue Reading
Oil Climbs Near $43 on Signs U.S. Crude Stockpiles Fell Further
Oil was trading near $43 a barrel in New York on signs U.S. crude stockpiles extended declines for a sixth week, easing a glut. The American Petroleum Institute reported crude inventories dropped by Continue Reading
Goldman Expects Oil To Reach $65 Next Year
Goldman Sachs expects Brent crude to reach $65 a barrel in the third quarter of 2021, although it could end the year lower, at $58 a barrel, according to Goldman Continue Reading
Oil Rallies After API Reports Large Draw In Crude, Gasoline Inventories
The American Petroleum Institute (API) reported on Tuesday a draw in crude oil inventories of 6.360 million barrels for the week ending August 28. Analysts had predicted an inventory draw Continue Reading