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Month: November 2020

Category:
  • United Kingdom

To help economy, bank proposes tax on working from home

White collar staff reaping the financial benefits of working from home should be taxed to help other workers who aren’t getting the same advantages, experts at Deutsche Bank said in Continue Reading

Posted On : 13 Nov 2020 Published By : Tom Whipple
Category:
  • United Kingdom

Energy Has Become Bargaining Chip In Brexit Talks

The European Union (EU) is conditioning the United Kingdom’s access to the EU energy market to Britain, making concessions on the fishing rights in British waters, Bloomberg reports . In Continue Reading

Posted On : 13 Nov 2020 Published By : Tom Whipple
Category:
  • Europe

Alternative Data Show Activity Crashes as Virus Resurges:

Alternative, high-frequency data show economic activity in a number of major advanced economies dropped steeply in the first weeks of November amid a stark rise in Covid-19 infections and expanding Continue Reading

Posted On : 13 Nov 2020 Published By : Tom Whipple
Category:
  • Prices

Oil Near $41 With IEA Warning on Outlook, OPEC+ Edging to Accord

Oil steadied as the International Energy Agency warned the coronavirus vaccine breakthrough won’t quickly revive markets. Futures fluctuated between gains and losses near $41 a barrel. The IEA cut its forecasts for global Continue Reading

Posted On : 12 Nov 2020 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Show Modest Gains Amid Lockdown Risk

Oil edged higher but pared earlier gains as the risk of renewed lockdowns crimping demand in the near-term restrained a vaccine-driven rally. Futures in New York closed slightly higher Wednesday, Continue Reading

Posted On : 12 Nov 2020 Published By : Tom Whipple
Category:
  • Prices

Brent touches $45/bbl on vaccine hopes and U.S. crude drawdown

 Global oil benchmark Brent rose on Wednesday, briefly touching a more than two-month high above $45 a barrel on hopes of a COVID-19 vaccine that could boost demand and later Continue Reading

Posted On : 12 Nov 2020 Published By : Tom Whipple
Category:
  • USA

Oil-Demand Recovery Unlikely for Months Despite Vaccine Hopes

 Global oil markets may have rallied on the latest positive vaccine trial results, but they are unlikely to feel any significant economic benefits until well into next year, the International Continue Reading

Posted On : 12 Nov 2020 Published By : Tom Whipple
Category:
  • USA

How One Firm Drove Influence Campaigns Nationwide for Big Oil

In early 2017, the Texans for Natural Gas website went live to urge voters to “thank a roughneck” and support fracking. Around the same time, the Arctic Energy Center ramped Continue Reading

Posted On : 12 Nov 2020 Published By : Tom Whipple
Category:
  • coronavirus

Lockdowns And More Lockdowns Threaten Oil Demand

After parts of Europe went into lockdown again last week, a new wave of lockdowns throughout the world are threatening to tamp down oil demand yet again—and just when things Continue Reading

Posted On : 12 Nov 2020 Published By : Tom Whipple
Category:
  • Climate

Big Oil Has Long Way to Go on Emissions Targets: Green Insight

Just five of the 39 largest oil and gas companies have announced carbon-reduction targets that match levels needed to avoid a 2-degree Celsius temperature increase. And only 20 have taken initial steps to Continue Reading

Posted On : 12 Nov 2020 Published By : Tom Whipple

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