Brent Oil Rises on Dollar Weakness and Optimism Over Commodities
Brent oil rose past $55 a barrel — with some assistance from a weaker dollar — even as the International Energy Agency cut its demand outlook for the rest of the Continue Reading
Oil Prices Edge Downward
Oil futures edged lower after China reported new virus cases and the dollar rose, while physical crude prices in Asia weakened. Futures in New York fell 0.5%. Premiums for Russia’s Continue Reading
Oil slips on coronavirus fears, strong dollar
Oil prices fell slightly on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the coronavirus outweighed a better-than-expected Continue Reading
IEA Cuts Oil Demand Forecast as New Lockdowns Temper Recovery
The International Energy Agency lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year. “The global vaccine roll-out is putting fundamentals on a Continue Reading
International Energy Agency cuts estimate of 2021 oil demand
Global oil demand will be lower in 2021 than previously expected, the International Energy Agency said on Tuesday, as renewed lockdowns to contain the coronavirus pandemic hit consumption. The IEA said Continue Reading
Covid-19 Pandemic:
German Chancellor Angela Merkel is holding talks on a possible extension of the country’s virus measures, with curfews under consideration. European Union member states will be warned by the bloc’s Continue Reading
Covid vaccine: WHO warns of ‘catastrophic moral failure’
The world is on the brink of “catastrophic moral failure” because of the unequal distribution of Covid vaccines, the head of the World Health Organization (WHO) has warned. Tedros Adhanom Continue Reading
Businesses Aim to Pull Greenhouse Gases From the Air. It’s a Gamble.
Using technology to suck carbon dioxide out of the sky has long been dismissed as an impractical way to fight climate change — physically possible, but far too expensive to Continue Reading
Blue ammonia to comprise bulk of hydrogen transportation due to lower costs: HSBC
Gas-based “blue” ammonia will comprise the bulk of future hydrogen transportation given its lower production costs compared with renewable ammonia and the ease in transport compared with liquified hydrogen, equity Continue Reading
Bill Gates and Jeff Bezos Funds Back Hydrogen-Powered Plane Startup ZeroAvia
The hydrogen-powered aviation startup ZeroAvia Inc. has raised $37.7 million from the U.K. government and a group of investors that includes funds founded by Bill Gates and Amazon.com Inc. ZeroAvia said it Continue Reading