In January, around 300 companies, including Vitol Group, the world’s biggest independent oil trader, and Australian mining behemoth Rio Tinto Group, signed a pledge to take action to resolve the crisis for seafarers. Called “the Neptune Declaration,” […]
Singapore — 0307 GMT: Crude oil futures were lower during mid-morning trade in Asia March 22, as investors remained nervous following the panic sell off on March 18, while the prospect of an extended mobility restriction […]
Brent oil dropped in Asia as the dollar strengthened, giving up some of the gains posted at the end of the worst week since October. Futures in London slipped 1% on Monday as a rising […]
Any sharp oil sell-off, like the one this week, always has a clutch of plausible explanations and a sense that some sure-bet trade has unwound in a rout. And that’s almost certainly true. But there’s […]
Energy News Beat Publishers Note: A couple of thoughts. First; Why does one of the leading countries in green energy need so much natural gas? Second; You would think that Europe would have learned from […]
Oil prices fell on Friday, extending losses for a sixth day as a new wave of COVID-19 infections wash across Europe, spurring new lockdowns and dampening hopes for a recovery in demand for fuels anytime soon. Prices plunged […]
Singapore — 0240 GMT: Crude oil futures ticked lower during the mid-morning trade in Asia March 18, after the Energy Information Administration showed a build in crude and product inventories, even as a free-falling US dollar […]
Treasury yields breached more key levels as bond traders boosted bets that the Federal Reserve will allow inflation to overshoot as the U.S. economy recovers. Yields on the benchmark 10-year note climbed as much as […]
Ellen R. Wald, Ph.D.It’s been one year since the United States began lockdowns in response to the coronavirus. In that time the federal government has approved a total of $4.8 trillion of stimulus. In essence, the government, which […]
Oil topped $66 a barrel as traders assessed prospects for further recovery from the pandemic and the outlook for rising global demand as the OPEC+ alliance presses on with output curbs to drain inventories. West […]
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