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.…

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…