The Trump administration’s unprecedented auction of Arctic drilling rights Wednesday netted just $14.4 million from three bidders, with major oil companies steering clear of the sale. Amid low crude prices, fears Continue Reading
Investing will never be the same again. The $120 trillion sustainability trend has left no sector untouched, and it is fueling one of the biggest transfers in capital the world Continue Reading
Recovering demand for liquefied natural gas (LNG) and the strongest spot LNG prices in more than half a decade are set to encourage more U.S. exports of LNG this year. Continue Reading
Despite early weather forecasts predicting a colder-than-normal Canadian winter, temperatures so far are averaging well above normal, sapping demand and decreasing the likelihood of drawing down the region’s massive storage Continue Reading
The Trump administration on Wednesday found few takers at its sale of drilling leases in a pristine Arctic wildlife refuge, with an Alaska state agency emerging as the sole bidder Continue Reading
Russian refineries are expected to reduce throughput in January on poor economics and also fewer working days due to the New Year holidays, with more pronounced cuts anticipated at smaller Continue Reading
Fears of an uncontrollable winter wave of coronavirus infections have prompted a growing number of European governments to close schools, breaking with a previous consensus that face-to-face teaching must be Continue Reading
Oil steadied in Asia after surging to a 10-month high on Saudi Arabia’s pledge to cut an extra 1 million barrels a day of crude output in February and March Continue Reading
Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures Continue Reading
Oil surged to its highest since February after Saudi Arabia pledged to voluntarily cut output by an extra 1 million barrels a day in what Russia’s Deputy Prime Minister described Continue Reading
