Russia Braces For Permanent Decline In Oil Demand
Russia has signaled it may be starting to prepare for a permanent decline in crude oil demand over the long term, even after the devastating effects of the coronavirus pandemic Continue Reading
Porsche Is Looking Beyond Electric Vehicles
Earlier this month, car giant Porsche announced that it was investing $24 million in the development of e-fuels to use in its sports cars. The news followed the company’s recent Continue Reading
Rosneft discovers new Arctic gas field
Russian state-owned oil and gas producer Rosneft said Dec. 9 that it has discovered a large new gas field in the Arctic Kara Sea. Not registered? Rosneft is playing a Continue Reading
Raising UK’s climate ambitions for 2035 would put net-zero within reach: committee
The United Kingdom can raise its climate ambitions for 2035 in a move that would put the country’s legally binding 2050 net-zero emissions target within reach, the independent Climate Change Continue Reading
Oil Trading Giant Admits Paying Latin America Bribes
For years, the world’s largest oil trading firm has maintained that it has “zero tolerance” for corruption. Now Vitol Inc. has admitted that it was paying bribes through a network Continue Reading
Crude oil futures fall amid pandemic concerns, US stimulus uncertainties
Crude oil futures fell during midmorning Asia trading Dec. 8 as a continuing rise in COVID-19 infections led countries to impose a myriad of mobility restrictions, dampening sentiment in the Continue Reading
Oil Fluctuates With Demand Outlook, Virus Vaccines in Focus
Oil swung between gains and losses as the market weighed the outlook for demand as coronavirus vaccines begin. Futures in New York traded below $46 a barrel, driven by fluctuations in Continue Reading
Oil Falls From 9 Month High as Dollar Strengthens
Oil fell from its strongest close in nine months, hampered by weaker risk sentiment in global markets. Crude futures were down 1.9% in New York, with the dollar trading higher Continue Reading
Oil Falls With Broader Market Selloff as Virus Weighs on Demand
Oil snapped a three-day streak of gains alongside a broader market selloff as near-term demand risks from a resurgent pandemic clouded optimism surrounding a future vaccine rollout. Futures fell 1.1% Continue Reading
Oil Wakes Up with Hangover
For oil, the beginning of this week is like the morning hangover following a good night out that went a bit too far. For oil, the beginning of this week Continue Reading