Moscow is driving forward its…
The market for oil and…
Investment in clean energy continues…
Gold demand grew by 18% to 4,741 tons in 2022, the highest demand in 11 years, according to data compiled by the World Gold Council. Massive central bank purchases coupled with…
Germany’s natural gas storage facility in Rehden, Lower Saxony—Germany’s largest—cannot store any gas, a Lower Saxony supervisory authority said on Wednesday, according to Spiegel. The pore storage facility accounts for…
U.S. manufacturing PMI for January has come in at 47.4%, representing the third consecutive contraction of economic activity in the manufacturing sector, with the petroleum products and coal…
A top Iranian official announced this week that Iran and Russia had integrated their interbank communication and transfer systems to help enhance trade and financial operations in an…
Food inflation has reached its highest level on record, with the sector predicting no stall in price increases throughout the year. Figures published in the British…
Russian Urals crude traded at $49.48 per barrel in January, with rising transportation costs compounding a discount that has seen the country’s flagship crude price drop by 42%…
A pumping station on the Druzhba oil pipeline was shelled on Tuesday in a western Russian region bordering Ukraine and Belarus, but the pipeline carrying oil from Russia to Europe…
Western sanctions against Russia have been "very effective" in cutting off Russia's war machine, a U.S. official asserted, amid growing questions about Moscow's ability to circumvent the measures.…
Bernard Looney, the chief executive of BP, has recently discussed plans with people close to the supermajor to potentially scale back the company’s push into greener operations with less emphasis…
Cutting to the chase, ahead of the Fed's decision (due at 2pm, Powell press conference 2:30pm, no projections so no new dots so no way to push back…
In a setback for environmentalists, the Biden Administration could be ready to approve an oil project in Alaska proposed by ConocoPhillips with a plan for limited drilling in the northwestern…
The White House continues to express indignation at Big Oil as the U.S. supermajors continue to report record earnings for 2022, with ExxonMobil the latest target of the Biden Administration’s…
The biggest U.S. refiners expect refining margins to remain strong this year and into 2024, on the back of the EU ban on seaborne imports of Russian fuel and a…
The much anticipated January reading for China’s purchasing managers’ index has confirmed expectations that Asia’s powerhouse is back into growth mode, beating analyst expectations and topping 50. At 50.1,…
Export shipments of Russian crude have risen substantially this month, with most of these leaving on Western-insured tankers thanks to prices, which are lower than the G7 and EU price…
Crude oil inventories rose by another 6.33 million barrels last week, the American Petroleum Institute (API) data showed on Tuesday, on top of last week’s 3+ million barrel build. U.S.…
The Western-invoked price cap on Russian refined products coming into effect on February 5 won’t “severely impact” Russian refiners, WoodMac said on Tuesday. Mark Williams, WoodMac’s Research Director of Short-Term…
Russian Prime Minister Mikhail Mishustin has signed an agreement demanding that all Russian oil companies comply with a previous order that disallows any exports of Russian crude oil or crude…
The UK’s oil and gas industry should have taken the chance to invest in new projects instead of fighting the windfall tax, the boss of a North Sea…
British Steel and Tata Steel must be forced to commit to a host of green targets if they receive a bumper bailout from the UK taxpayer, green think…
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