Oil headed for the biggest monthly loss since the early days of the coronavirus pandemic as investors weighed risks posed by the new omicron variant, with a top drugmaker saying Continue Reading
Oil prices tumbled more than 3% on Tuesday after Moderna’s CEO cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus variant, spooking financial markets and adding to Continue Reading
Oil rebounds from Friday’s rout. Bloomberg’s Anthony DiPaola reports. Oil rebounded from Friday’s omicron-driven rout as traders assessed the risks to global demand from the new variant, and speculation mounted Continue Reading
Omicron variant detected in more countries OPEC delays technical meetings to assess Omicron impact-sources Talks on reviving 2015 Iran nuclear deal will resume on Monday TOKYO, Nov 29 (Reuters) – Continue Reading
Without that belief, the likelihood of prices regaining $85 per barrel quickly appears limited. Trader belief in a super-cycle has been dented. That’s according to oil and gas analysts at Continue Reading
The World Health Organization (WHO) said on Monday the Omicron coronavirus variant carried a very high risk of infection surges as more countries closed borders, casting a shadow over economic Continue Reading
Global jet fuel markets stayed under pressure on Tuesday as more countries expanded border restrictions to keep the new Omicron coronavirus variant at bay, prompting travellers to reconsider their plans. Continue Reading
The global economy will be 2% bigger by the end of the century if the world can hold global warming below 1.5 degrees Celsius, according to a new study. Most Continue Reading
Drugmaker Moderna’s CEO (MRNA.O) set off fresh alarm bells in financial markets on Tuesday after he warned that COVID-19 vaccines were unlikely to be as effective against the Omicron variant Continue Reading
The chief executive of Moderna has predicted that existing vaccines will be much less effective at tackling Omicron than earlier strains of coronavirus and warned it would take months before Continue Reading
Oil prices plunged on Friday on renewed fears of a COVID-19-fueled drop in demand. OPEC has been slow to open the taps despite soaring oil prices over the past several Continue Reading
The setting was right, but the atmosphere chilly. After a break of more than five months, talks on reviving the 2015 Iran nuclear deal resumed on Monday in the Palais Continue Reading
Iran is determined to return to its pre-sanction oil production level of 5 million barrels per day, regardless of how the nuclear deal develops The Islamic Republic is aiming to Continue Reading
Highlights Jafurah field could yield up to 2 Bcf/d of gas at peak Output will also support chemicals, hydrogen production Aramco says shale gas will reduce oil used for electricity Continue Reading
Farmers demanding water for their crops, protesters with blood pouring down their faces and riot police shouting at them to disperse — in recent weeks the scorched riverbed at the Continue Reading
Plans by some nations to end the financing of gas exploration will prove a “fatal cost” for several emerging African economies, Senegal President Macky Sall said at the start of Continue Reading
La Nina is set to wreak havoc during Argentina’s upcoming summer, when soybean and corn plants will be growing across the Pampas farm belt. Precious little rain will fall in Continue Reading
A design flaw in the reactor pressure vessel could be the cause of a problem that was made public in June at French company EDF’s jointly-owned nuclear power plant in Continue Reading
ExxonMobil (XOM.N) is continuing preparatory work for its Ca Voi Xanh (Blue Whale) gas project in Vietnam, it said on Monday, with a final investment decision dependent on factors including Continue Reading
Just inland of Australia’s east coast, roughly 200 miles from the Great Barrier Reef, a single coal mine run by Glencore Plc emitted so much super-warming methane in a year Continue Reading
China expects to hold the 2022 Winter Olympics “smoothly” and on schedule, despite challenges posed by the emergence of the new Omicron coronavirus variant, foreign ministry spokesman Zhao Lijian told Continue Reading
Lackluster consumption, property investment to weigh on manufacturing Steel demand from vehicle, home appliance showed no improvement Passenger car output to rise in 2022, but growth limited China’s manufacturing purchasing Continue Reading
The U.S. will proceed with its plan to release 50 million barrels of oil from its strategic reserves despite a new coronavirus variant triggering a sharp drop in crude prices. Continue Reading
One of the world’s biggest ocean carriers is dangling incentives of as much as $200 a container for help in clearing the backlog at Southern California’s ports. CMA CGM Group Continue Reading
Oil Rebounds from Black Friday Rout as OPEC+ Takes More Time American drivers are set for a slight relief from stubbornly high gasoline prices at the pump as concerns over Continue Reading
The U.S. strategic petroleum reserve could drop by 304 million barrels over the next 10 years according to the EIA The reason for this fall is a combination of recent Continue Reading
At a playground outside a North Texas daycare center, giggling preschoolers chase each other into a playhouse. Toddlers scoot by on tricycles. A boy cries as a teacher helps him Continue Reading
U.S. President Joe Biden is taking a lot of flack for the rise in gasoline prices. In the short term, there is not much the President can do to put Continue Reading
The United States is ready to release even more barrels of crude oil from its emergency stockpiles, a senior advisor from the State Department told CNBC today. The Biden Administration Continue Reading
The Kremlin said on Monday the United States must not put pressure on anyone over the certification of the Russian Nord Stream 2 gas pipeline. The newly completed pipeline is Continue Reading
Italian energy company Eni (ENI.MI) is ready to invest more in a nuclear fusion project it feels could be a game-changer in the race to produce limitless clean electricity to Continue Reading
U.K. Prime Minister Boris Johnson announced that from 2022, new homes and commercial buildings will be required to install EV charging points. This new regulatory framework has sparked a debate Continue Reading
Germany is warning U.S. Congressional members that sanctions on the Nord Stream 2 pipeline could damage Washington’s credibility and transatlantic relations. The White House has consistently argued that its anti-NS2 Continue Reading
Russia’s Deputy Prime Minister Alexander Novak claimed that the countries oil companies are ready to raise production to pre-pandemic levels If OPEC+ sticks to the original agreement of bringing 400,000 Continue Reading
Talks on new gas transit deal with Ukraine depend on demand for the Russian gas in Europe and availability of buyers, Dmitry Peskov, Kremlin spokesman, told reporters on Tuesday. The Continue Reading
bp confirmed it is planning a new large-scale green hydrogen production facility in the North East of England that could deliver up to 500MWe (megawatt electrical input) of hydrogen production Continue Reading
Oil rebounds from Friday’s rout. Bloomberg’s Anthony DiPaola reports. Oil rebounded from Friday’s omicron-driven rout as traders assessed the risks to global demand from the new variant, and speculation mounted Continue Reading
Oil prices rebounded on Monday as investors looked for bargains after Friday’s slump and on speculation that OPEC+ may pause an output increase in response to the spread of Omicron, Continue Reading
Asian oil refiners’ margins have slumped to the lowest in nearly five months amid worries that the Omicron coronavirus variant could deal another blow to oil demand recovery, already hit Continue Reading
An apparent detente between the UAE and Turkey could be one of the most significant geopolitical developments in the region for decades If Mohammed bin Zayed can succeed in exploiting Continue Reading
A group of the world’s biggest asset owners are proposing a dramatic escalation of joint public-private financing ventures in a bid to help poor countries weather the climate crisis. “This Continue Reading
OPEC meetings moved to Wednesday/Thursday Policy decision likely on Thursday at OPEC+ meeting Oil plunged on Friday on new virus variant fears Fall was exacerbated by low market liquidity OPEC Continue Reading
Iran wants to pump more oil than it did before the Trump administration tightened sanctions, a top official said ahead of high-level nuclear talks whose outcome would directly impact the Continue Reading
As negotiators gather in Vienna for talks aimed at reviving an international nuclear agreement with Iran, one big question looms: Has Tehran advanced its nuclear work so much in the past Continue Reading
Iran is set to boost its crude oil capacity to 4 million b/d by March 2022, returning to levels not seen since before the US withdrew from the nuclear deal Continue Reading
Iran and world powers will meet in Vienna on Monday to try to salvage their 2015 nuclear deal, but with Tehran sticking to its tough stance and Western powers increasingly Continue Reading
As cases of a new coronavirus variant are confirmed around the world, Japan announced Monday that it will suspend entry of all foreign visitors, joining an increasing number of countries Continue Reading
Nissan NSANY -3.55% Motor Co. said Monday it plans to spend $17.6 billion over the next five years as it adds 20 new battery-powered vehicles to its lineup. The company hopes to recapture Continue Reading
Highlights Sinopec raises utilization rate despite maintenance Independents’ run rates boosted by good margins December run rates likely stable In line with market expectations, the average utilization rate at China’s Continue Reading
Honda Motor recently unveiled its work on two key advanced future safety technologies being developed with the goal of realizing “zero traffic collision fatalities involving Honda motorcycles and automobiles globally Continue Reading
