Tag Archives: Reuters International News Agency

A global goal to achieve net zero carbon emissions by 2050 will not be met without a huge acceleration in clean energy innovation, the International Energy Agency (IEA) said on Thursday. The 2015 Paris Agreement set a target to curb global warming and reach net zero emissions in the second …

Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases and California reimposed some lockdown measures, stoking worries a resurgence in COVID-19 cases will stall a recovery in fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 10 cents, or 0.3%, to …

Oil prices rose on Wednesday on a string of positive manufacturing data and a drawdown in U.S. crude inventories, both indicating an economic recovery and rise in energy demand despite surging coronavirus infections around the world. Brent crude LCOc1 was up $1.19, or 2.9%, to $42.46 a barrel at 0900 …

The International Energy Agency (IEA) on Thursday called for the European Union to accelerate low-carbon building renovations and introduce schemes to encourage consumers to replace inefficient old cars and fridges as part of a post-pandemic “green” recovery. Setting out its policy recommendations for the EU, the IEA said new policies …

Oil prices dipped further on Thursday after tumbling more than 5% in the previous session, as a record build in U.S. crude inventories and a rapid resurgence in COVID-19 cases cast doubts on fuel demand recovery. U.S. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.6%, to $37.79 …

Oil prices rose on Tuesday after a volatile session sparked by confusion over the status of the U.S.-China trade deal. Markets were unsettled by surprise comments from White House trade adviser Peter Navarro, who said the hard-won deal was “over”, though U.S. President Donald Trump later soothed jangled nerves with …

China looks to raise its crude oil production by 1 percent to 3.85 million barrels per day (bpd) and natural gas output by 4.3 percent this year, the National Energy Administration’s (NEA) annual production plan showed, as carried by Reuters. In order to increase its domestic oil and gas production, …

Global oil demand will not return to pre-crisis levels earlier than in 2021, the RIA news agency quoted Russian Energy Minister Alexander Novak as saying on Saturday. It is possible that demand will reach pre-crisis levels within two or three years, Novak said.

U.S. electric vehicle maker Tesla Inc’s China car registrations in May jumped 150% month on month, data from auto consultancy LMC Automotive showed.

Oil demand is recovering from the greatest fall in its history in 2020, the International Energy Agency (IEA) said on Tuesday, but less flying due to coronavirus fears means the world will not return to pre-pandemic demand levels before 2022. “Our first forecast for 2021 as a whole shows demand …