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
