The days of the internal combustion engine are numbered. General Motors said Thursday that it would phase out petroleum-powered cars and trucks and sell only vehicles that have zero tailpipe Continue Reading
Efforts to curtail financing of international fossil fuel infrastructure development received a substantial boost from the Biden administration’s broad climate executive order rolled out Jan. 28. Receive daily email alerts, Continue Reading
President Joe Biden’s temporary halt to drilling on federal lands leaves the vast majority of U.S. crude production untouched, though it may be the death knell for the Gulf of Continue Reading
The “supermajor” oil companies collectively known as Big Oil are having a time of it , in large part because of the pandemic, obviously, but also because we are swiftly Continue Reading
The EU’s Covid-19 vaccination plan is nearing crisis point after several regions suspended inoculations over the shortage of jabs and Brussels moved to restrict exports of vaccines to conserve stocks. The Continue Reading
Germany’s government has been criticised for its vaccine programme’s slow start Germany’s vaccine committee has said AstraZeneca’s Covid jab should only be given to people aged under 65. The committee Continue Reading
Three of the euro area’s four largest economies rounded off the pandemic year suggesting the region can avoid a deeper recession, while still facing headwinds from extended coronavirus lockdowns. Gross domestic Continue Reading
Crude oil futures declined in mid-morning trade in Asia Jan. 28, despite a fall in US inventories, as worries over global growth recovery came back to the fore after the Continue Reading
Oil declined as a slide across financial markets overshadowed the positive signal from the biggest draw in U.S. crude stockpiles in six months. Futures in New York slid 0.4% as negative Continue Reading
Crude prices lack direction Jan. 27 as the market weighed a bullish US crude draw against pandemic -dimmed demand outlooks. NYMEX March WTI settled up 24 cents at $52.85/b, and Continue Reading
