Tag Archives: International

Oil prices extended their rally on Monday as investor appetite improved amid growing relief the Omicron coronavirus variant may not cause severe illness and will likely have a limited impact on global fuel demand. Brent futures climbed 94 cents, or 1.3%, to $76.09 a barrel by 0500 GMT, after rising …

Global oil prices continued their rise on Thursday with the coordinated release of oil from strategic reserves, which is being closely watched by investors who want to determine how prices will be affected. International benchmark Brent crude was trading at $82.42 per barrel at 0600 GMT for a 0.20% increase …

First it was rental cars, then building materials. Then it was housing, food, petrol. We are experiencing price rises not seen since the 1970s, or at least since the introduction of the euro, as we used to complain. First, we tried to talk it down. It will be ‘transitory’, was …

Marking India’s 75th Independence Day last month, Prime Minister Narendra Modi called for energy independence by 2047, when independent India will celebrate its centenary, and announced a National Hydrogen Mission to make India a hub for green hydrogen production and export. India is not alone in having big ambitions when …

Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the world’s energy landscape changed last year. Our 2021 review deals a major blow for the size of the world’s remaining recoverable oil …

Oil prices fell on Wednesday over fresh concerns about demand after data showed that China’s first-half crude imports dropped, but were still holding near a one-week high amid worries about supplies as the world recovers from the coronavirus pandemic.

Oil held losses below $73 a barrel as a coronavirus resurgence raised concerns about the demand recovery ahead of an OPEC+ meeting this week that’s expected to lead to increased output from the alliance. Futures in New York edged lower after declining 1.5% on Monday. The more infectious delta variant …

Oil prices rose on Tuesday over bullish market sentiments of a sooner-than-expected demand rebound. International benchmark Brent crude was trading at $75.26 per barrel at 07.29 GMT for a 0.48% increase after closing Monday at $74.90 a barrel. American benchmark West Texas Intermediate (WTI) traded at $73.33 a barrel at …

The growing market for paying for carbon emissions could become a larger market than the one for crude oil, according to the head of carbon trading at Trafigura, one of the world’s largest commodity traders. The carbon market has the potential to become 10 times larger than the global crude …

Oil is expected to rise further this year amid supply constraints and higher demand as global economies continue to rebound from the coronavirus pandemic on the back of vaccination programmes and stimulus measures. And when the global economy regains its pre-pandemic momentum in a couple of years, crude could rise …