By John Kemp LONDON, March 14 (Reuters) – Investors cut bullish bets on oil last week as prices surged to multi-year highs, the economic outlook deteriorated, and extreme volatility made derivatives positions…
Faced with energy turmoil, China turns to its old reliable: Coal
Bloomberg Anyone who’s ever tried to make a lifestyle change knows that it’s easy to start a new habit when times are good. It’s sticking with it when times are tough that’s…
Oil surges as Russian supply shortfall looms
Oil surged on Friday, ending the week at multi-year highs as Russia’s invasion of Ukraine intensified and oil buyers avoided barrels from Russia. Brent futures rose $7.65, or 6.9%, to settle at…
UN climate report reignites global fight for compensation
With this week’s UN climate science report laying bare the staggering economic costs and losses already faced from climate change, an inevitable question arises: who should pay? Within UN climate negotiations, “loss…
Global airlines on the flight path to carbon neutral aviation
Air transport’s commitment to tackling its environmental challenges has not diminished despite the Covid-19 crisis that has decimated the global aviation industry. On the contrary, many airlines have pledged further action by…
‘Liveable future’ on Earth at risk, UN climate report warns
A landmark UN report warned on Monday that time had nearly run out to ensure a “liveable future” for all, detailing a horrifying “atlas of human suffering” and warning that far worse was to…
Total upstream, midstream investments in natural gas to reach $8.7tn by 2050: GECF
The Gas Exporting Countries Forum (GECF) has projected that the total upstream and midstream investments in natural gas will reach a hefty $8.7tn by 2050. A lack of investment will lead to…
The Economic Consequences of the Ukraine War
Feb 25, 2022JASON FURMAN Russia’s invasion of Ukraine has been rapid and dramatic, but the global economic consequences will be much slower to materialize and less spectacular. Yet, other than Ukraine, Russia…
U.S. oil drilling rises in response to higher prices
By John Kemp LONDON, Feb 25 (Reuters) – Prominent business leaders in the U.S. shale industry have been proselytising about their newfound commitment to restricting output growth to protect prices and profit margins….
European industry faces shrink or shut decisions on soaring energy pain
Bloomberg / Brussels Europe’s biggest industrial firms have been banking on spring to bring down soaring energy costs. Those hopes faded this week as Russian tanks rolled into Ukraine. Smelters and chemical…