Light Crude Settles Above $74
Oil posted its fifth straight weekly gain, the longest winning streak since December, as demand recovers and supplies continue tighten in the U.S. and China. Futures in New York rose Continue Reading
Oil Prices Continue To Climbs Despite Resistance
Oil appears set to close out another week of gains, although trading became choppy this week as OPEC+ readies production increases. Biden supports Line 3. The Biden administration supported the Continue Reading
Oil Set for Weekly Gain as Focus Turns to Upcoming OPEC+ Meeting
Oil is heading for a fifth weekly advance, the longest winning streak since December, as stockpiles shrink and the market tightens ahead of an OPEC+ meeting that will consider pumping Continue Reading
Oil prices rise further on tight supply outlook, eyes on OPEC+
Oil prices climbed for a third straight session on Friday, on track for a fifth consecutive weekly gain, as demand growth is expected to outstrip supply on bets that OPEC+ Continue Reading
Glaciers All Over the World Are Shrinking Fast—See for Yourself
The glaciers of the Tian Shan mountain range in northwestern China had lost about a quarter of their ice mass since the 1960s when this image was captured, in November Continue Reading
Iraq signs deal with Abu Dhabi’s Masdar for 2 GW of solar power projects
Highlights Iraq aims to generate 20-25% of energy from renewables Country suffers from electricity shortages, especially in summer Also seeks to lower oil volumes used for power generation Iraq has Continue Reading
Nigeria’s ‘Delta Avengers’ threaten oil installation attacks
A militant group in Nigeria’s oil-producing Delta region has threatened to resume attacks amid rising insecurity and disagreements over the share of oil wealth communities should get. The group, called Continue Reading
Hospitals in South Africa Hub Face Being Overrun by Covid Surge
Hospital capacity in South Africa’s industrial hub of Gauteng is at risk of being breached by surging Covid-19 cases within days. The densely populated province, which includes Johannesburg and Pretoria, Continue Reading
CHINA DATA: State-run refineries’ crude run rises to four-month high of 82% in June
Highlights High throughput, low exports lead to weak product sales Zhejiang Petrochemical Co. delays startup of its fourth CDU The average utilization rate of China’s four state-owned refineries rose by Continue Reading
Tesla to Recall Over 285,000 Cars in China on Autopilot Issues
Tesla Inc. Model 3 vehicles at the company’s Gigafactory in Shanghai in 2019. Tesla Inc. plans to recall more than 285,000 electric vehicles sold in China to address risks associated Continue Reading