Oil prices slumped to their lowest in two weeks after official figures showed a surprise jump in U.S. inventories of crude, and rising cases of COVID-19 in Europe, Russia, and Continue Reading
Crude oil prices retreated today after the Energy Information Administration reported a build in U.S. crude inventories Gasoline and distillate stocks saw a small decline Crude oil imports came in Continue Reading
Oil’s bumper rally cooled after an increase in U.S. crude inventories and as industrial commodities retreated. Global benchmark Brent fell 1.4%, after failing to break through its 2018 high so Continue Reading
The recent energy crunch in Europe and Asia has reemphasized the importance of natural gas and LNG LNG producers around the world are investing billions in increasing capacity follower the Continue Reading
A natural gas shortage around the world has led to a spike in energy costs that is going to have a significant knock-on effect on food and fuel One major Continue Reading
With COP26 taking place next week, there is a renewed focus on major funds divesting from fossil fuels This divestment movement can be epitomized by the Dutch pension fund ABP, Continue Reading
Oil and gas prices have risen dramatically this year as a result of underinvestment and recovering demand. Higher fuel prices are weighing on global food supply chains, with transportation and Continue Reading
Tight market for lighter, sweet crude grades across US, Europe Buying interest not matched for heavier, sour grades OPEC focusing on physical market over futures Freight, arbitrage economics seen putting Continue Reading
Iran’s talks with six world powers aimed at reviving a 2015 nuclear deal will resume by the end of November, its top nuclear negotiator said on Wednesday, as Western concerns Continue Reading
China’s efforts to ease an energy crunch by stabilizing volatile coal prices have been complicated by a surge in wholesale petrol and diesel costs, forcing filling stations to ration fuel. Continue Reading
