Oil extended a powerful rally, with global benchmark Brent closing in on $75 a barrel, after industry data pointed to a substantial draw in U.S. crude stockpiles and top traders Continue Reading
Oil extended its run of gains on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a Continue Reading
Oil climbed as a chorus of prominent traders in the crude market said prices will continue to rise after a nearly 50% rally so far this year. Futures in New Continue Reading
Although oil may not be headed to a new supercycle, prices still have room to rise from current levels because of a strong demand rebound and expected tightness in supply, Continue Reading
Shortly after Iran’s centrist president 1–lassan Rouhani was elected in 2013, the country’s football team qualified for the World Cup, a sign, many said, that the new leader had brought Continue Reading
The OPEC+ alliance has taken decisive actions to help reduce oil market volatility, OPEC Secretary-General Mohammad Barkindo said on Tuesday at the opening of the meeting of OPEC’s economic and Continue Reading
India’s gasoline and diesel sales rebounded in the first half of June, offering early evidence the nation’s energy consumption is on the mend after a deadly second coronavirus outbreak that hammered Continue Reading
Toyota Motor Corp.’s lineup over the next 30 years will contain a myriad of options beyond just electric vehicles, executives at an annual shareholder meeting said Wednesday.“It’s too early to Continue Reading
North Korean leader Kim Jong Un warned about possible food shortages and urged the country to brace for extended COVID-19 restrictions as he opened a major political conference to discuss Continue Reading
Japan, a country heavily dependent on fossil fuel imports, is betting big on hydrogen in industry, power generation, vehicles, and shipping as it looks to reach net-zero emissions by 2050. Continue Reading
