Cold Weather In China Sends Coal, Gas Prices Sky-High
The coldest winter in China since 1966 has sent coal and gas prices soaring as power demand surges. Gas prices hit a three-year high, Bloomberg reported , while coal prices Continue Reading
China to provide COVID-19 vaccines free of charge – official
China will provide COVID-19 vaccines free of charge once they become available to the general public, government authorities said on Saturday. Slideshow ( 2 images )nsport of vaccines have costs, Continue Reading
Beijing’s Coldest Spell Since 1966 Is Spurring Energy Prices
A cold blast across China that’s brought temperatures in Beijing to the lowest since 1966 is wreaking havoc on energy markets, creating record power demand and sending coal and gas Continue Reading
Exporting US Shale Boom Has Changed Oil Forever
The shale boom has turned the U.S. into the world’s largest oil producer and has moved it ever closer to ending dependence on Middle East oil. (Bloomberg) — Five years Continue Reading
GM changes brand logo to highlight EV future
General Motors on Friday unveiled a new corporate logo, its first major logo change since 1964, as part of a new campaign to accelerate the automaker’s focus on electric vehicles Continue Reading
Biden Demands Trillions of Dollars in Aid as U.S. Jobs Drop
President-elect Joe Biden on Friday called for trillions of dollars in immediate further fiscal support, including increased direct payments, after a surge in coronavirus cases caused U.S. payrolls to drop Continue Reading
Hiring likely weakened in December amid resurgent virus
America’s employers likely cut back again on hiring last month — and might even have shed jobs — with the economy under pressure from a resurgent virus that has led Continue Reading
Oil Rally Continues Despite Slow Vaccine Rollout
Crude oil prices continued their climb on Friday, poised for a weekly gain of more than 6% as Saudi Arabia took decisive action to voluntarily—and singlehandedly—curb production by an additional Continue Reading
Oil, Gas Rigs Increase For Seventh Straight Week
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 9 to 360. The oil and gas rig count has risen Continue Reading
U.S. Natural Gas Prices Hit Lowest In Decades In 2020
Milder weather and decreased demand resulted in U.S. natural gas spot prices averaging in 2020 the lowest in decades, since at least 1997, data from the Energy Information Administration (EIA) Continue Reading