China’s Coal Power Retreat Could Wipe Out $50 BillionCommodities

China’s Coal Power Retreat Could Wipe Out $50 Billion

Analysts have said, China’s pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it…

Russia Forecasts Its Oil Output Next Year Near Post-SovietCommodities

Russia Forecasts Its Oil Output Next Year Near Post-Soviet

As OPEC+ eases production curbs, Russia expects oil output in 2022 to be back close to its post-Soviet high.  For…

Oil Drops to $74 on Risk Aversion; EU Gas Extends GainsCommodities

Oil Drops to $74 on Risk Aversion; EU Gas Extends Gains

The rising risk aversion weighed on stock markets and boosted the dollar. With that, oil dipped more than $1 a…

Wealthy States Likely to Fall Short of Climate Funding GoalCommodities

Wealthy States Likely to Fall Short of Climate Funding Goal

Rich nations likely missed a goal to contribute $100 billion in 2020 to help developing nations deal with climate change.…

U.S. to Meet Biden’s Power Grid Climate GoalCommodities

U.S. to Meet Biden’s Power Grid Climate Goal

The United States will struggle to meet President Joe Biden’s climate goal,  natural resources consultancy Wood Mackenzie on Thursday said.…

China to Release First Batch of 7.38 Million BarrelsCommodities

China to Release First Batch of 7.38 Million Barrels

As much as 7.38 million barrels of crude oil will be released by China’s National Food and Strategic Reserves Administration…

China to Announce Details of Oil Reserve SalesCommodities

China to Announce Details of Oil Reserve Sales

The Chinese government said it will disclose details of planned crude oil sales from strategic reserves in due course. The…

Oil Rises to One-week Highs on U.S. Supply WorriesCommodities

Oil Rises to One-week Highs on U.S. Supply Worries

Oil prices are expected to remain at a range bound in a stable market in the coming months, according to…

Oil Heads towards $73 a Barrel on Tight U.S. SuppliesCommodities

Oil Heads towards $73 a Barrel on Tight U.S. Supplies

Signs of a tight oil supply were growing in the United States causing oil prices to rise towards $73 a…

Oil Steadies as Delta Variant Surge Weighs on Demand OutlookCommodities

Oil Steadies as Delta Variant Surge Weighs on Demand Outlook

The Delta variant continues to weigh on the demand recovery, offsetting a decline in U.S. Gulf of Mexico output in…