Britain and the European Union will make a last-ditch attempt to strike a post-Brexit trade deal this week, with probably just days left for negotiators to avert a chaotic parting Continue Reading
Post-Brexit trade talks hung in the balance on Monday as Britain and the European Union made a last-ditch attempt to bridge significant differences and reach a deal that would avoid Continue Reading
Industrial production in Germany, Europe’s biggest economy, was up 3.2% in October compared with the previous month, according to official data released Monday. It was the second set of figures Continue Reading
Oil prices settled higher Dec. 4 as optimism surrounding US federal stimulus negotiations and a weaker dollar offset pandemic-driven demand concerns. NYMEX January WTI settled 62 cents higher at $46.26/b Continue Reading
Oil rose for a fifth straight week with support from an OPEC+ deal and hopes for another round of U.S. stimulus. Futures in New York and London closed at fresh nine-month Continue Reading
World Health Organization officials on Friday warned governments and citizens not to drop their guard over the COVID pandemic now a vaccination was close, saying healthcare systems could still buckle Continue Reading
IHS Markit forecasts that annual global investments in green hydrogen—hydrogen production powered by renewable sources—will exceed US$1 billion by 2023. The elevated investment outlook is attributed to falling costs and Continue Reading
Another month, another OPEC “crisis.” It’s the usual problem: The cartel, meeting in Vienna this week, can’t agree on how to balance production with price. The Saudi-led oil exporters, boosted Continue Reading
The 500,000 b/d production increase OPEC and its partners are planning for January will be divvied up proportionally, with Saudi Arabia and Russia, the two largest members, each allowed to Continue Reading
Iran plans to install hundreds more advanced uranium-enriching centrifuges at an underground plant in breach of its deal with major powers, a U.N. nuclear watchdog report showed on Friday, a Continue Reading
Saudi Arabia’s foreign minister said on Friday a resolution to a bitter dispute with Qatar seemed “within reach” after Kuwait announced progress towards ending a row that Washington says hampers Continue Reading
France’s supermajor Total is in talks to sell its 18-percent stake in an oilfield in Iraq’s semi-autonomous region of Kurdistan, with which it could raise around $500 million, Bloomberg reported Continue Reading
South Africa’s second-largest crude oil refinery, the Engen plant in Durban, has been shut down to allow investigators a chance to find out the cause of a “fire incident” earlier Continue Reading
As India’s virus numbers swell and the economy stumbles, Prime Minister Narendra Modi has another crisis to deal with: Tens of thousands of angry farmers vowing to camp outside the Continue Reading
Before India’s farmers rose up in anger, presenting an increasingly difficult challenge to a government already grappling with the coronavirus outbreak and a devastating economic slump, Devinder Singh set his Continue Reading
The Panama Canal Authority may add additional reserved LNG transit slots in the future to address the increase in US exports via the shortest route from the Gulf Coast to Continue Reading
Japanese automaker Nissan Motor Co said on Friday it was joining General Motors in exiting a group of automakers that had backed U.S. President Donald Trump in his bid to Continue Reading
Resurgent coronavirus infections are putting a chill on U.S. job creation, manufacturing in China is gaining pace and the final stages of Brexit negotiations are complicating the U.K.’s recovery prospects. Here Continue Reading
Evidence was abundant in the November jobs report that the U.S. economy’s tentative recovery is sputtering as coronavirus cases accelerate and federal aid runs out. Hiring slowed sharply. Hundreds of Continue Reading
Dozens of new electric-vehicle models are expected to arrive at dealerships in the next few years. We followed eight Wall Street Journal reporters in four countries to see if they, Continue Reading
Resurgent coronavirus infections are putting a chill on U.S. job creation, manufacturing in China is gaining pace and the final stages of Brexit negotiations are complicating the U.K.’s recovery prospects. Here Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 246—the highest number of rigs since mid-May. The total number of Continue Reading
US thermal and metallurgical coal exports totaled about 4.6 million mt in October, down 6.1% from the previous month, US Census data released Dec. 4 said. From the year-ago month, Continue Reading
Employment data showed the pace of hiring slowing substantially in November. WSJ’s Eric Morath breaks down why the labor-market recovery has lost its momentum. Photo: Jeff Chiu/Associated Press U.S. job Continue Reading
The United States is winding up a particularly devastating week, one of the very worst since the coronavirus pandemic began nine months ago. On Friday, a national single-day record was set, Continue Reading
The annual U.S. defense policy bill unveiled by lawmakers late on Thursday contains sanctions that backers say will halt one of Russia’s biggest projects in Europe: the Nord Stream 2 Continue Reading
Talks to reach a post-Brexit trade deal have been paused, because UK and EU negotiators say “significant divergences” remain. Michel Barnier and David Frost said conditions for a deal between Continue Reading
A day after OPEC reached a difficult agreement to boost oil production by half a million barrels daily from January, Russian Deputy Prime Minister Alexander Novak told local media that Continue Reading
While the UK’s total new car sales slumped in November due to the second lockdown, electric vehicles (EVs) recorded their third-highest ever monthly share of registrations at 9.1 percent, the Continue Reading
The UK government has committed to a more ambitious target to cut greenhouse gas emissions by 68% from 1990 levels by 2030, it said late Dec. 3, setting a policy Continue Reading
Moscow began distributing the Sputnik V COVID-19 shot via 70 clinics on Saturday, marking Russia’s first mass vaccination against the disease, the city’s coronavirus task force said. The task force Continue Reading
Crude oil futures rose during mid-morning trade in Asia Dec. 4, extending overnight gains, as uncertainty over OPEC+ production plan abated after the alliance settled on a compromise deal that Continue Reading
Oil prices settled higher Dec. 3 after an OPEC+ meeting ended with a compromise deal that would see production rising incrementally after December. Receive daily email alerts, subscriber notes & Continue Reading
Fitch Solutions Country Risk & Industry Research has increased its Brent oil price forecasts to 2024, the company’s latest oil price outlook has revealed. According to the latest outlook, which Continue Reading
A closely watched U.S. natural gas price spread flipped to negative, signaling that traders have all but given up already on the prospect of a cold winter. Gas for January Continue Reading
Brent crude, the international gauge for oil prices, may be overhauled to reflect the growing importance of U.S. exports in global energy markets. By March 2022, S&P Global Platts is likely Continue Reading
A year ago, if anyone in the petroleum business had suggested that the moment of Peak Oil had already passed, they would have been laughed right off the drilling rig. Then Continue Reading
Energy efficiency is expected to record this year its weakest progress in a decade, creating additional challenges to the world achieving international climate goals, the International Energy Agency (IEA) said Continue Reading
Over 1.5 million people have lost their lives due to COVID-19 with one death reported every nine seconds on a weekly average, as vaccinations are set to begin in December Continue Reading
Covid-19 vaccines that need to be deep-frozen during transport can be delivered to developing nations in sub-Saharan Africa, South America and South Asia, according to logistics group DHL. John Pearson, Continue Reading
The world is on the brink of what may turn out to be its most important energy experiment. If proposals to build a new industry producing so-called green hydrogen succeed, we may have Continue Reading
OPEC and allied countries including Russia agreed Thursday to increase oil production by 500,000 barrels a day from January and said they would meet monthly to decide further output levels, Continue Reading
President-Elect Joe Biden has long signaled he’ll seek US reentry into participation in the 2015 Iran nuclear deal, or JCPOA, brokered under the prior Obama administration. On Thursday Iran issued Continue Reading
After five days of difficult talks that exposed new rifts between core members, OPEC+ agreed to gently ease output cuts next year. The deal appeared to satisfy the oil market and Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
What is the Iran nuclear deal? Iran will not accept preconditions from a new Biden administration over its nuclear programme and the US must return to a 2015 deal before Continue Reading
The Public Investment Fund, the sovereign wealth fund of the world’s largest oil exporter Saudi Arabia, has contacted international banks for a loan of up to US$7 billion to use Continue Reading
President-Elect Joe Biden has long signaled he’ll seek US reentry into participation in the 2015 Iran nuclear deal, or JCPOA, brokered under the prior Obama administration. On Thursday Iran issued Continue Reading
Thousands of demonstrators have taken to the streets of Sulaimaniya over the past two days to protest delayed salary payments, raising the pressure on Iraq’s semi-autonomous Kurdistan Regional Government (KRG) Continue Reading
China has published a draft law, seeking public comments, aimed at ensuring national food security and reforming the management of high grain reserves in the country, according to a report Continue Reading
