Oil prices suffered their biggest weekly fall since October as signs of flagging demand in key markets abruptly halted a vigorous rally. International benchmark Brent crude ended the week down almost Continue Reading
American investors are joining a rush to buy carbon permits, prompting bets that the cost of pollution may be about to rally further after European prices hit a record high. Total Continue Reading
Oil’s recent price rout is likely transitory and offers an entry point into a market that’s been surging this year, according to Goldman Sachs Group Inc. and Morgan Stanley analysts. Thursday’s Continue Reading
Aerial view of a flooded area in the village of Queja, in San Cristobal Verapaz, Guatemala on Nov. 7, 2020 after Hurricane Eta. Credit: Esteban Biba/Pool/AFP via Getty Images The Continue Reading
The United States has warned China that it will not turn a blind eye to rising Iranian oil exports to Chinese ports, the Financial Times reported , citing a senior Continue Reading
The world’s largest oil exporter, Saudi Arabia, increased its crude oil exports to 6.582 million barrels per day (bpd) in January 2021, up from 6.495 million bpd in December 2020, Continue Reading
Saudi Arabia’s energy ministry said it had contained a fire following a March 19 drone attack on its Riyadh refinery, with no interruption to oil supplies and no casualties, in Continue Reading
Analysts have criticised the latest move to repair the refinery at a huge sum of $1.5 billion. The Federal Executive Council on Wednesday approved a fresh $1.5 billion for the Continue Reading
India reported 40,953 new coronavirus cases on Saturday, the biggest daily jump in nearly four months, with its richest state and economic backbone Maharashtra accounting for more than half the Continue Reading
Argentina’s YPF said March 19 that it plans to invest more than $1.5 billion this year to ramp up oil and natural gas production in the Vaca Muerta shale play, Continue Reading
