Aviation emissions are regulated under the EU’s emissions trading system which is currently under review. Photographer: Simon Dawson/Bloomberg Want the lowdown on European markets? In your inbox before the open, Continue Reading
Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern about Continue Reading
Oil companies in southern Iraq are pivoting to backup plans for reducing gas flaring — a sign they are not counting on France’s TotalEnergies to move ahead with a major Continue Reading
The OPEC+ organization’s decision this week to cut oil production despite stiff U.S. opposition has further strained already tense relations between President Joe Biden’s White House and Saudi Arabia’s royal Continue Reading
Revenues fell with global oil prices, but higher export volumes through Ceyhan helped offset a pipeline leak that temporarily halted Basra Gulf tanker loadings, Iraq’s nationwide exports edged Continue Reading
In a shocking revelation, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has narrated how an illegal oil pipeline connecting directly to Continue Reading
The Biden administration on Friday announced sweeping new limits on the sale of semiconductor technology to China, a step aimed at crippling Beijing’s access to critical technologies that are needed Continue Reading
China has issued the first batch of crude oil import quotas for 2023, mainly to independent refiners, four sources familiar with the matter said on Saturday. The volume issued is Continue Reading
China’s services activity contracted in September for the first time in four months as Covid lockdowns in major cities such as Chengdu dampened consumer spending. The Caixin services purchasing managers’ Continue Reading
The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. Continue Reading
