Goldman Sachs cut its oil price forecast on Tuesday on the deteriorating global economic outlook—although it remained bullish on oil. Goldman said it remained bullish, anticipating that oil prices would Continue Reading
The 700-meter wide pool of bubbling water in the Baltic Sea caused by the rupture of the Nord Stream gas pipelines points to a climate disaster. It’s the most visible Continue Reading
Iran fast-tracks development of two West-Karoun oil fields with $7 billion plan. The Azadegan fields are shared with Iraq in which it forms the supergiant Majnoon field. Russian oil firms Continue Reading
Highlights To add 4,365 MW of coal-fired capacity in coming months Share of coal in electricity to double to 17%, thermal imports jump Gas supply may be diverted to industrial Continue Reading
A labourer works inside a coal yard on the outskirts of Ahmedabad, India, April 6, 2017. REUTERS/Amit Dave LONDON, Sept 28 (Reuters) – India’s electricity supply appears much more comfortable Continue Reading
The onshore yuan fell to the weakest level against the dollar since the global financial crisis in 2008, amid an incessant advance in the greenback and speculation China is toning Continue Reading
BEIJING—Chinese leader Xi Jinping got out of quarantine and made his first public appearance since visiting Central Asia, trumpeting his governance record over the past decade as he prepares to Continue Reading
China’s weak oil demand was one of the few bearish developments in oil markets in the last year, but it appears that is about to come to an end. China Continue Reading
Watch: Lightning strikes surround the eye of Hurricane Ian Cuba is completely without power after Hurricane Ian pummelled the western end of the island, its government has announced. The electrical Continue Reading
New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment despite higher interest rates, which could keep the economy Continue Reading
