MELBOURNE (Reuters) – Oil prices climbed on Monday, backed by Saudi optimism over Asian demand and an Iraqi commitment to deepen cuts in supply, despite uncertainty over a deal to curb US economic recovery gains. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian …
Read More »Oil rises 1% in response to Saudi Aramco’s upbeat demand, Iraq’s supply cut
MELBOURNE (Reuters) – Oil prices climbed on Monday, backed by Saudi optimism over Asian demand and an Iraqi commitment to deepen cuts in supply, despite uncertainty over a deal to curb US economic recovery gains. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian …
Read More »BP’s green energy goals will be difficult to meet
LONDON (Reuters) – BP (BP.L) will have to invest tens of billions of dollars over the next decades and may have to accept lower returns than it can get from oil if it is to meet its goal of becoming one of the largest innovative power generators in the world. …
Read More »GLOBAL MARKETS: Asian stocks will increase with Fed policy, the dollar reaches the minimum in two years
NEW YORK, July 29 (Reuters) – Asian stocks were due to follow an optimistic Wall Street session on Thursday after the Federal Reserve kept interest rates at very low levels, while the US dollar fell to a low of two years. The Fed on Wednesday repeated a promise to use …
Read More »Philippines takes ‘big step’ towards use of nuclear energy
MANILA (Reuters) – The Philippines has taken a big step to harness nuclear energy, its energy minister said on Wednesday after President Rodrigo Duterte created an inter-agency panel to study the adoption of a national nuclear energy policy. FILE PHOTO: The Bataan Nuclear Power Plant (BNPP) is seen during a …
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