Oil Prices Steady Despite Bearish FactorsCommodities

Oil Prices Steady Despite Bearish Factors

Despite rising U.S. crude inventories and a strong dollar, countered by an expected supply deficit over the coming months, oil…

OPEC+ Likely to Stick to November Output PlansCommodities

OPEC+ Likely to Stick to November Output Plans

Despite oil hitting a three-year high above $80 a barrel and pressure from consumers for more supply, the Organization of…

Biden, Urged Not to Reduce Biofuel MandatesCommodities

Biden, Urged Not to Reduce Biofuel Mandates

A group of U.S. Democratic lawmakers have asked President Joe Biden not to cut the amount of biofuels that oil…

Brent Oil on Course for $80 a BarrelCommodities

Brent Oil on Course for $80 a Barrel

Brent was at its highest since October 2018 and was headed for $80 a barrel helping oil prices to rise…

Oil Prices Steady as Output StumblesCommodities

Oil Prices Steady as Output Stumbles

Oil was headed for a third straight week of gains and prices steadied near a two-month high above $77 a…

Rule to Cut Use of Hydrofluorocarbons FinalizedCommodities

Rule to Cut Use of Hydrofluorocarbons Finalized

The U.S. Environmental Protection Agency on Thursday finalized a rule that will slash the use of a potent climate-warming gas…

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.…