TOKYO (Reuters) – Oil prices fell on Monday amid concerns that a recovery in fuel demand could be affected by an increase in the rate of coronavirus infections worldwide. FILE PHOTO: Bomb jacks are seen during sunset at Daqing Oil Field in Heilongjiang Province, China, August 22, 2019. REUTERS / …
Read More »Exclusive: EU stimulus funds attract more than 1,000 green projects
LONDON (Reuters) – More than 1,000 climate-friendly projects could line up for a part of the EU’s post-coronavirus recovery package, as ministers begin to discuss the bloc’s budget for 2021-27 and the stimulus fund economic, according to an investigation seen by Reuters. FILE PHOTO: Flags of the European Union wave …
Read More »Increased oil in the OPEC agreement and falling inventory. Don’t expect more profit soon.
Text size Frederic J. Brown / AFP via Getty Images After a few shaky days, oil prices rose on Wednesday after a surprising result at an OPEC meeting and better-than-expected government data from the US. Brent crude, the global benchmark, set 2.1% higher at $ 43.79 on Tuesday, while West …
Read More »Exclusive: United States screws the maritime industry to cut Venezuela’s oil
LONDON / WASHINGTON (Reuters) – Several companies that certify that ships are in a position to sail and ship insurers have withdrawn services to oil tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country. FILE PHOTO: …
Read More »OPEC meeting worries oil investors
Text size Joe Klamar / AFP via Getty Images OPEC + and its allies may be ready to start pumping more crude, and that prospect is sending shivers through the oil markets. Oil prices fell on Monday. Brent crude futures, the global benchmark, fell 1% to $ 42.80 a barrel …
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