Russia’s invasion of Ukraine feels like a really pivotal moment in this narrative. In the autumn of 2022, energy prices in the UK were skyrocketing, and yet the response of Liz Truss, prime minister at the time, was to double down on oil and gas exploration and refuse to ask people to cut down their … Read more
President Joe Biden’s administration on Friday safeguarded millions of acres in Alaska from fossil fuel drilling and mining — the latest in a frenzy of environmental actions in recent weeks that have drawn praise from green groups and condemnation from industry and Republican lawmakers. The Interior Department finalized a rule that bars oil and gas … Read more
Descrease article font size Increase article font size Global road oil demand will rise five per cent to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by … Read more
Equity indices declined over half a percent on Friday amid weak global market trends. The 30-share Sensex declined 453 points to settle at 72,643 and the Nifty dropped 123 points at 22,023. Stocks that were in focus included names like OIL, which fell 4.04%, IOC, which declined 5.25%, and BPCL, whose shares dropped 4.15% on … Read more
Oil prices were little changed on Tuesday for a second straight day as uncertainty about the pace of potential U.S. interest rate cuts and the impact on fuel demand offset worries about Middle East tensions that could disrupt supply. Brent futures edged 1 cent lower $81.99 a barrel. U.S. West Texas Intermediate (WTI) crude rose … Read more
Not quite a balm and not quite a gloss, the best lip oil can offer unique advantages to your lip-care routine. These innately nourishing lip products have an oil base that leaves lips with the finish of a gloss along with the moisturizing benefits of a balm — making them perfect not only for those … Read more
Jim Finley is a bit of a ghost. Outside of oil industry circles, few people have probably ever heard of the man. He rarely speaks in public. One exception was in October 2021, when Finley, the CEO of Texas-based Finley Resources, presented to a coalition of seven oil-producing counties in eastern Utah. Following his speech, … Read more
SINGAPORE – Oil prices jumped 1% on Monday on fuel supply concerns after a missile struck a Trafigura-operated fuel tanker in the Red Sea and as Russian refined products exports are set to fall as several refineries are under repair after drone attacks. Brent crude futures climbed 83 cents to $84.38 a barrel by 2341 … Read more
Mumbai: Government bond yields, the benchmarks for pricing corporate debt, have eased sharply over the past couple of days as a proposal by Bloomberg Index managers to include Indian securities in their emerging markets index and declining crude oil prices have improved the view on sovereign debt. Yield on the 10-year benchmark government bond dropped … Read more
Oil prices are rising again as Israel prepares to invade Gaza as soon as Saturday and the United States tightens sanctions on major crude-producing countries, sparking market fears over a drop in supply as demand increases. On Friday morning, the price per barrel of West-Texas Intermediate, the benchmark for contracts to deliver oil produced in … Read more
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