Banks Warn They’re Not Ready for ECB’s Historic Climate Tests
A milestone moment for European regulators risks ending as a flop as banks warn they won’t have the client data they need in time for climate stress tests next year, Continue Reading
Oil Remains Elevated After Hurricane Ida Hurts Supply
A disappointing U.S. Non-Farm Payrolls report brought oil prices down slightly on Friday morning, but the supply destruction caused by Hurricane Ida looks set to keep prices elevated over the Continue Reading
Oil Posts Second Weekly Gain With U.S. Storm Impact Lingering
WATCH: Goldman Sachs’s Jeff Curie says the jury is still out on a new equilibrium for oil. Oil in New York posted its second weekly gain as the impact of Continue Reading
Iran Wants To Boost Oil Exports, Nuclear Deal Or Not
Iran plans to ramp up its crude oil exports even though negotiations with the United States on its nuclear deal are currently paused. “Good things will happen regarding Iran’s oil Continue Reading
India’s ONGC May Buy Stake In Rosneft’s Massive Arctic Oil Project
A consortium of Indian energy companies—including state major ONGC—is in early talks with Rosneft for the acquisition of a stake in the Russian state company’s massive Vostok oil project, the Continue Reading
Total expected to sign massive energy deal on Sept. 5
French supermajor TotalEnergies is scheduled to sign a multi-billion-dollar energy deal with Iraq this Sunday in Baghdad, according to several officials familiar with the plans. A formal invitation to the Continue Reading
Iraq, TotalEnergies Close to Signing Oil, Solar Deal
The government of Iraqi and TotalEnergies SE are close to finalizing an accord that will trigger billions of dollars of investments aimed at boosting oil and gas production and reducing Continue Reading
China Ties Climate to Better U.S. Relations in Kerry Talks
U.S. climate envoy John Kerry said political tensions with China affect the outlook for climate cooperation, as top Chinese officials pushed Washington to commit to improvements in their broader relationship. Continue Reading
Australia’s reports record daily COVID-19 cases, braces for worse
Australia, struggling to quell its worst wave of COVID-19, reported 1,756 infections on Saturday, another record high, and officials warned that worse is yet to come, urging people to get Continue Reading
Asia, Mideast utilities turn to dirtier fuel as LNG prices bite
Surging liquefied natural gas (LNG) prices are prompting utilities across Asia and the Middle East to burn more high-sulphur fuel oil (HSFO) than usual to meet increased power demand during Continue Reading