Amazon Moves On Its Largest Renewable Project
Amazon (NASDAQ: AMZN) has reached a deal for its largest renewable energy project yet—one that will allow it to purchase 380 MW of wind energy. Hollandse Kust Noord—a wind farm Continue Reading
Crude oil futures jump on strong Chinese demand, stimulus expectations
Crude oil futures surged during mid-morning trade in Asia Feb. 8, as strong demand from China continued to lift sentiment, while stimulus expectations provided some tailwind to the market.At 10:50 Continue Reading
Tightening Oil Supplies Inject New Momentum Into Price Rally
A booming rally in oil markets has pushed crude prices to their highest levels since near the start of the coronavirus pandemic, powered by production curbs and recovering demand. Brent-crude futures, Continue Reading
Brent strikes $60/bbl as supply cuts, stimulus hopes boost prices
Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes Continue Reading
Oil’s Remarkable Rebound From a Year of Catastrophe
One year after the first glimmers of the catastrophe awaiting global oil markets — from deserted Chinese cities to grounded jets — crude is staging a remarkable turnaround. The crisis triggered Continue Reading
Oil Markets Have Got Ahead of Themselves, Trader Vitol Says
The world’s largest independent oil trader, Vitol SA, joined rival Gunvor Group Ltd. in expressing caution about the recent surge in crude prices. “The market is getting ahead of itself in terms Continue Reading
As Covid-19 Vaccines Raise Hope, Cold Reality Dawns That Illness Is Likely Here to Stay
Vaccination drives hold out the promise of curbing Covid-19, but governments and businesses are increasingly accepting what epidemiologists have long warned: The pathogen will circulate for years, or even decades, Continue Reading
Hedge funds bet on oil’s ‘big comeback’ after pandemic hobbles producers
Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production. Such limitations on supply would Continue Reading
Big Oil Stocks Rally Despite Democrats’ Fossil-Fuel Stance
U.S. oil and gas stocks, by far the worst performers last year, are standing out as the best in 2021 — a turnaround that might seem a bit surprising given Continue Reading
Oil market could take more Iran supply if US sanctions lifted: Iran’s OPEC gov
The oil market could absorb more crude oil from Iran if US sanctions are eased, according to Iran’s governor to OPEC. Receive daily email alerts, subscriber notes & personalize your Continue Reading