Tag Archives: International

Oil Prices Drop Due to more European Lockdowns

Oil prices fell on Monday, declining around 1% on concerns about decrease in demand for fuel products due to more European lockdowns. Brent crude was down 60 cents, or 0.9%, at $63.93 a barrel by 01:36 GMT while US oil was off by 68 cents, or 1.1%, at $60.74 a …

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Oil Prices Rise on World Markets

Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.29 to trade at $68.68, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) increased $0.37 to stand at $64.17.

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Fossil Fuel Emissions in Danger of Surpassing Pre-Covid Levels

The world has only a few months to prevent the energy industry’s carbon emissions from surpassing pre-pandemic levels this year as economies begin to rebound from Covid-19 restrictions, according to the International Energy Agency. New figures from the global energy watchdog found that fossil fuel emissions climbed steadily over the …

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Oil Prices Rise due to US Oil Wells Freezing

Oil prices jumped on Tuesday due to weather affecting wells and refineries in Texas, the world’s biggest oil producer. Concerns of supply in the world’s biggest oil exporter also edged prices higher due to tensions in the Middle East. Brent crude was up 35 cents, or 0.6%, at $63.65 a …

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