Shipping Costs Soar as Russian Fallout Upends Fuel Flows
The dislocation of global fuel markets after Russia’s invasion of Ukraine has boosted the cost of shipping products such as diesel by sea. Rates to haul fuels such as gasoline Continue Reading
Crude Oil Buckles as Recession Angst Rattles Commodity Investors
Oil tumbled Wednesday amid concern of a US recession. Anthony Di Paola reports. Oil plunged for the second time in a few days on concerns that a global economic slowdown Continue Reading
Oil prices climb on supply and demand fundamentals
Oil prices rose on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine. Brent crude rose $1.61, or Continue Reading
Oil Edges Higher as Strong Fuel Market Outweighs Recession Fears
Oil climbed as financial markets recovered from last week’s rout, with traders confident that tight supplies will sustain higher prices even if the global economy contracts. West Texas Intermediate August Continue Reading
Oil Spending Won’t Recover in 2022 as War Riles Market, IEF Says
A structure burns in Druzhkivka, Ukraine on June 20. Photographer: Scott Olson/Getty Images Global oil investment will be stagnant this year and may even decline as producers deal with surging Continue Reading
Energy Investments Aren’t Enough to Bring Down Prices, IEA Says
Investments in global energy supplies will jump this year, led by an expansion in no-emission or low-emission capacity but the spending won’t be sufficient to tame soaring energy prices, or Continue Reading
Airports Around the World Battle Long Lines, Canceled Flights
Delays, cancellations, long lines and lost baggage are plaguing air travel world-wide, as airlines and airports struggle with soaring summer demand and staff shortfalls. London’s Gatwick Airport has told airlines Continue Reading
Airlines warn oil companies to speed up alternative fuel production
Major oil companies must speed up the development of alternative fuels crucial to the aviation industry meeting its 2050 net-zero emissions target or risk losing out to businesses that will, Continue Reading
Saudi Oil Giant Understates Carbon Footprint by Up to 50%
Saudi Aramco’s Ras Tanura oil refinery and terminal. Many refineries operated by the world’s biggest oil company have been excluded from its disclosure of greenhouse emissions. Photographer: Simon Dawson/Bloomberg Before Continue Reading
Global climate goal could be in peril without carbon price reform
Investors managing $10.6 trillion on Wednesday said an overhaul of international carbon pricing policies was necessary to prevent the world from missing a goal to limit climate change. As part Continue Reading