Tag Archives: The Standard

Oil prices fell on Monday on concerns the escalating trade war between the United States and China would weaken global economic growth and dent fuel demand. Brent crude futures were down 29 cents, or 0.45 percent, at US$64.47 (HK$502.87) a barrel at 0126 GMT. US West Texas Intermediate crude futures …

The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from its strategic petroleum reserve (SPR) on Dec. 17, as part of a previous plan to try to reduce gasoline prices. The Biden administration announced last month it would release about 50 million …

China will encourage renewable power generators to add energy storage or peak-shaving facilities, aiming to boost renewable power consumption and to ensure stable operation of the grid system, the country’s state planner said on Tuesday, Reuters reports. “China’s renewable energy has been developing rapidly in recent years, but shortcomings such …