Oil bull run continues as EU agrees to ban most Russian oil
Oil prices extended a bull run on Tuesday after the EU agreed to a partial ban on Russian oil and China decided to lift some coronavirus restrictions amid rising demand Continue Reading
Oil Roars to Sixth Monthly Advance on EU Ban, China’s Reopening
EU Leaders Back Partial Russian Oil Ban: Von Der Leyen Oil headed for its longest run of monthly gains in more than a decade as European Union leaders agreed to Continue Reading
Global refiners falter in efforts to keep up with demand
Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries Continue Reading
Miracle Fuel Hydrogen Can Actually Make Climate Change Worse
If it escapes into the air, this green fuel can contribute to global warming — which is why scientists say we need to limit leaks. A world desperate for a Continue Reading
Iran, Greek tanker troubles spook oil, shipping markets
Tehran detained Delta Poseidon, Prudent Warrior on May 27 US seized tanker carrying Iranian oil off Greece Iran nuclear deal unlikely ahead of US midterm elections, say analysts Geopolitical risks Continue Reading
Sri Lanka Inflation Jumps Close to 40% as Shortages Persist
Sri Lanka’s headline inflation quickened more than expected in May amid continuing food and fuel shortages, even as the country struggles to lift itself out of its worst economic crisis. Continue Reading
India plans to reduce power output from 81 coal plants, replace with green energy
Plans to help save 34.7 million mt coal Estimated carbon emission reduction by 60.2 mil mt Move aimed at meeting green energy targets India’s federal power ministry plans to reduce Continue Reading
China to halve purchase tax for small-engine cars
China’s purchase tax for small-engine cars will be halved, the s Ministry of Finance said on Tuesday, in a move to boost auto sales and support an economy damaged by Continue Reading
Decline in China’s factory activity slows as COVID curbs ease
China’s factory activity fell at a slower pace in May as COVID-19 curbs in major manufacturing hubs eased, but movement controls continued to weigh on demand and production, raising concerns Continue Reading
China announces detailed stimulus measures to support virus-hit economy
China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how provincial governments implement Continue Reading