FRANKFURT, July 21 (Reuters) – The European Central Bank raised interest rates by more than expected on Thursday, confirming that concerns about runaway inflation now trump growth considerations, even as the euro zone economy reels […]
During US President Joseph Biden’s trip to Saudi Arabia, the world was so focused on how Crown Prince Mohammed bin Salman would respond to his plea to pump more oil immediately that it missed a […]
ConocoPhillips chief executive on Tuesday warned of looming crude oil shortages and price volatility, citing limited spare capacity among the Organization of the Petroleum Exporting Countries and slow U.S. output gains ahead. Ryan Lance, head of […]
BERLIN, July 18 (Reuters) – Germany may extend the life of its three remaining nuclear power plants, the economy ministry said on Monday, as public support rises in the face of a possible cut-off of […]
Some ESG funds have started to include traditional energy stocks in their portfolios. ESG-focused U.S. mutual funds saw in May the first net withdrawals from funds since December 2018. Especially in Europe, funds have an […]
China’s very-strict covid policies continue to be a major risk for crude markets. China was almost single-handedly responsible for the commodities pricing super-cycle that occurred between 2000 and 2014. Any major resurgence of covid in […]
WASHINGTON, July 19 (Reuters) – U.S. President Joe Biden plans to announce new federal measures aimed at the climate crisis on Wednesday during a trip to Massachusetts, but will stop short of declaring a climate […]
Previously, a heat wave hit Japan with high temperatures exceeding 40 degrees Celsius in many places for nine consecutive days. Last month could be said to be the hottest June in Japan since 1875. A few […]
Texas is expecting a record surplus of nearly $27 billion for the 2022-23 biennium, Texas Comptroller Glenn Hegar says, mostly due to the record amount of taxes the Texas oil and natural gas industry contributed. […]
The European Commission doesn’t expect Russia to restart a key natural gas pipeline this week, a senior official said, the clearest indication yet that the bloc is bracing for the worst. “We don’t expect that […]
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