Oil climbed after two major agencies indicated that markets may be tighter than previously forecast and a U.S. government report showed crude inventories plummeted. West Texas Intermediate rose 1.7% on Continue Reading
Global airline passenger capacity rose 9% year on year in 2021 but was still 35% below the pre-pandemic level in 2019, with passenger volume lowest since 2009-2010, flight and data Continue Reading
While the markets digest the inflation numbers on Wednesday, all eyes will be focussed on the Federal Reserve’s reaction to the inflation data. Many economists expected the 7% gain in Continue Reading
The world may soon face a major oil supply shortage as spare capacity continues to dwindle and reserve replacement rates fall The number of new oil and gas discoveries may Continue Reading
The pace of rising carbon dioxide in the atmosphere needs to slow by about 20% over the next five years in order to limit global warming to 1.5 degrees Celsius Continue Reading
Here is a snapshot of what’s happening with Iran, its nuclear talks and energy markets. Latest developments Russia said nuclear talks were “moving forward,” in the latest possible sign of Continue Reading
Iraq is considering setting up a sovereign wealth fund into which it would deposit 1 percent of oil export revenues each month to finance renewable energy projects and build up Continue Reading
A Russia-led military bloc began to pull its troops out of Kazakhstan on Thursday after a week-long deployment which helped the Central Asian nation overcome the worst bout of violent Continue Reading
Highlights Interbasin spreads helped shift trade flows January sees Asia buying appetite pick up LNG transits via the Panama Canal plunged 30% in December as Pacific-bound cargoes diverted to the Continue Reading
In 2021, China managed to stamp out scattered Covid outbreaks while still delivering annual economic growth in the neighborhood of 8%. It helped that, even as the country kept its Continue Reading
