One rather grim data point in the economic recovery from the pandemic: Methane emissions from America’s largest oil field have rebounded. Pollution from the Permian Basin dropped 60% from March to Continue Reading
General Motors Co extended production cuts in North America on Wednesday due to a worldwide semiconductor chip shortage that has impacted the auto sector. The U.S. automaker said its Wentzville, Continue Reading
US crude inventory builds extended in the week ended March 19, US Energy Administration data showed March 24, as refinery runs continued to see lingering effects from the mid-February polar Continue Reading
Hungary’s hospitals are under “extraordinary” pressure from rising coronavirus infections, its surgeon general said on Wednesday, as the country became a hotspot in the third wave of a pandemic that Continue Reading
More than 20,000 white crosses have appeared painted on the cobblestones of a medieval square in central Prague, each representing a victim of Covid-19 — an effort highlighting the ravages Continue Reading
EPA Chancellor Angela Merkel said she took “ultimate responsibility” for the U-turn German Chancellor Angela Merkel has cancelled plans for a strict lockdown over Easter, just a day after the Continue Reading
Oil rebounded, following a sell-off on Tuesday, as investors assessed the impact of a blockage in the Suez Canal and European manufacturing data beat expectations. Futures in New York added as Continue Reading
Oil prices rose more than 1% on Wednesday as investors sought bargains following the previous day’s slump, but the recovery was stunted by fears of a slow recovery in demand Continue Reading
Crude oil futures settled 6% lower March 23 as the market reeled from pandemic-dented demand outlooks and a stronger US dollar. NYMEX May WTI was down $3.79 at $57.76/b, settling Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 2.927 million barrels for the week ending March 19. Analysts had predicted a much smaller Continue Reading
