Oil Posts Fifth Monthly Gain and Longest Run Since 2018
Oil logged gains for a fifth month after another tumultuous period of trading that saw prices whipsawed by the fallout from Russia’s war in Ukraine and a resurgence of Covid-19 Continue Reading
Oil extends gains as supply fears outweigh China lockdowns
Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped COVID-19 lockdowns in China, the world’s biggest crude importer. Brent crude futures rose $1.60, Continue Reading
Power-hungry India halts passenger trains to free up track to move coal
India has boosted the output of coal and cancelled passenger trains to free up rail track to move it, officials said on Friday, as the government scrambles to overcome its Continue Reading
Record India heatwave raises power cut fears
A record-breaking “heat dome” across northwest India has worsened a severe shortage of coal for power generation and raised the risk of blackouts at hospitals in New Delhi, according to Continue Reading
China’s Economy Slows Rapidly as Covid Zero Lockdowns Bite
China’s economic activity contracted sharply in April as the lockdown of Shanghai and other areas around the country to contain a widespread Covid-19 outbreak closed factories, snarled roads and stopped Continue Reading
California willing to keep nuclear plant running to keep lights on
California is open to keeping its last remaining nuclear power plant running to maintain electric reliability as it transitions away from fossil fuels, a spokesperson for Governor Gavin Newsom said Continue Reading
U.S. drillers add oil and gas rigs for record 21 months a row -Baker Hughes
U.S. energy firms last week added oil and natural gas rigs for a record 21 months in a row as high prices and prodding by the federal government prompted some Continue Reading
Cases are rising in nearly every corner of the United States.
Coronavirus cases and hospitalizations are rising in a majority of American states, in what appears to be the first widespread increase since the peak of the Omicron surge in January. Reports Continue Reading
Stock markets tank over new questions about where the economy is heading
A barrage of divisive economic signals, combined with plummeting technology stocks, led financial markets to close April at lows last seen when the pandemic began in March 2020. Uncertainty about Continue Reading
Demand Destruction Is Delaying An Oil Supply Crisis
Oil prices are on course for a fifth straight monthly increase despite significant demand destruction in China, a trend that highlights just how big the current supply problem is. Oilprice Continue Reading