Russian Foreign Minister Sergei Lavrov has said Moscow is ready to sever ties with the European Union if the bloc hits it with painful economic sanctions, according to extracts of Continue Reading
Britain’s coronavirus-ravaged economy slumped by 9.9% in 2020, the biggest annual crash in output in more than 300 years, but it avoided heading back towards recession at the end of Continue Reading
The world’s biggest wind turbine manufacturers have committed to eliminating their net emissions of greenhouse gases, but reducing the carbon footprint of their production process may mean customers have to Continue Reading
Oil edged lower after capping the longest run of gains in two years, with one technical indicator signaling the rally may be overdone. Futures in New York have surged more than Continue Reading
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory draw of 6.6 million barrels for the week to February 5. Gasoline and middle distillate Continue Reading
Oil futures rose for an eighth straight day in New York as a decline in U.S. crude inventories further highlighted depleting global supplies. The rally of about 0.6% extended the Continue Reading
Oil prices have rallied back to the point they are almost ready to match pre-Covid levels. There are two key drivers for this miracle, which no one predicted early on Continue Reading
Brent crude could hit $70 or even $80 a barrel by the end of this year, one hedge fund manager says. It could top $100 next year, an energy analyst Continue Reading
At a time when the Covid-19 pandemic continues to decimate the global transport sector, the EV trajectory has remained incredibly bullish. S&P Global has reported that global EV sales expanded Continue Reading
In the latest sign yet that the global vaccination effort was falling way short of expectations, institutional traders are shunning gasoline futures in favor of other contracts. Forecasts that gasoline Continue Reading
