For the past year, oil consuming countries have become increasingly anxious at crude’s resurgence: first to $50 a barrel, then $75 and now to more than $85. And when Vladimir Continue Reading
Refiners are enjoying hefty margins – a welcome change after a challenging 2020. Fuel consumption is soaring around the globe, and with millions of barrels of daily refining capacity offline, Continue Reading
Oil posted a monthly gain of 11% on signs that consumption is outpacing supply and draining stockpiles. Futures in New York rose 0.9% on Friday. Oil’s advance this month shows Continue Reading
Oil rose further above $84 a barrel on Friday, within sight of a multi-year high hit this week, as expectations, OPEC and its allies will keep supply tight countered rising Continue Reading
Leaders of Europe’s biggest oil and gas companies said political leaders attending U.N. climate talks that start this week must make carbon markets more effective and that only governments can Continue Reading
Leaders from the Group of 20 major economies are split over phasing out coal and limiting global warming to 1.5 degrees Celsius, officials said, throwing into doubt whether ambitious climate Continue Reading
Iran, the country holding the world’s second-largest natural gas reserves, risks turning into a net gas importer The country must secure some $50 billion in investment to develop its natural Continue Reading
Displaced Iraqis from the village of Mansuriya, Diyala province, where fighting with militant jihadists has been raging, gather on the side of a road as they are heading to the Continue Reading
Brazil’s carbon dioxide emissions soared last year due to greater deforestation in regions including the Amazon, dealing a fresh blow to President Jair Bolsonaro’s environmental credentials. Emissions rose 9.5% versus Continue Reading
Exxon Mobil Corp on Friday pledged to revive its long-dormant share repurchase program next year, bolstered by a jump in profit and improved cash flow in the third quarter as Continue Reading
