Oil headed for the biggest weekly loss since mid-March as a resurgence of Covid-19 and uncertainty around the prospect for an OPEC+ deal to increase supply clouded the short-term outlook. Continue Reading
Greenland has ended its 50-year ambition to become an oil-producing nation after announcing it would suspend a strategy of searching for oil and would stop granting exploration licenses. Oil exploration Continue Reading
Kuwait was downgraded by S&P Global Ratings for a second time in less than two years after a fall in oil revenue and increased spending pressured the Persian Gulf nation’s Continue Reading
U.S. energy firms added oil and natural gas rigs for a third week in a row for the first time since May even though oil prices eased for a second Continue Reading
Pipeline operator Kinder Morgan Inc (KMI.N) said it would buy renewable natural gas developer Kinetrex Energy from an affiliate of Parallel49 Equity for $310 million, to expand into green energy Continue Reading
“The only pandemic we have is among the unvaccinated,” President Joe Biden said, with cases swelling in 49 U.S. states and hospitalizations on the rise. He said that social media Continue Reading
The left-leaning government of Greenland has decided to suspend all oil exploration off the world’s largest island, calling it is “a natural step” because the Arctic government “takes the climate Continue Reading
General Motors will pause production at four of its North American automobile assembly plants for two weeks as the industry continues to be affected by the global shortage of semiconductor Continue Reading
The Delta variant of COVID-19 is now the dominant strain worldwide, accompanied by a surge of deaths around the United States almost entirely among unvaccinated people, U.S. officials said on Continue Reading
German officials feared more deaths on Friday after “catastrophic” floods swept through western regions, demolishing streets and houses, killing more than 100 people and leaving hundreds more missing and homeless. Continue Reading
