DUBAI: Around three million barrels per day of Saudi oil will remain offline for a month, about half the production halted by the weekend’s devastating attacks on key crude facilities, S&P Platts…
Oil market gripped by uncertainty over lost Saudi production
Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out five per cent of global crude supply. As state…
Eurozone’s €140bn interest windfall could allow spending boost
LONDON (Reuters) – Record-low borrowing costs and falling debt payments could give the euro zone a 140 billion-euro windfall by the end of 2021, freeing cash for projects ranging from new roads…
California weighs plan to save tropical forests
By Julia Rosen /Los Angeles Times The smoke is still rising from the Amazon as fires smoulder in the world’s largest rain forest. The blazes triggered a wave of global outrage over…
Attacks on Saudi Oil Plants Risk Lowering Aramco IPO Valuation
(Bloomberg) — As bankers discussed Saudi Aramco’s initial public offering at the Ritz Carlton hotel in Dubai last week, a drone attack was being planned to hit the heart of its operations…
Germany Inc waits on Merkel’s CO2 plan: Here’s what’s at stake
Bloomberg Berlin/Frankfurt Chancellor Angela Merkel is working on an investment package worth perhaps €50bn ($55bn) that aims to get German efforts to cut carbon emissions back on track. Merkel’s Christian Democrats are…
Saudi supply disruption puts huge US petroleum stash in play
WASHINGTON – The Trump administration is standing by to deploy the nation’s emergency oil reserves and help stabilize markets if needed after a series of drone attacks in Saudi Arabia knocked out…
US beats Saudi to become top oil exporter on shale boom
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its…
Oil prices down 2% on US-China trade doubts, Opec+ talks
NEW YORK (Reuters) – Oil prices fell about 1% on Thursday after a media report cast doubt on the possibility of an interim U.S.-China trade deal and as a meeting of the…
The clean-energy fast track
Kingsmill BondAngus McCrone Jules Kortenhorst| The Daily Star The global transition from carbon-intensive fossil fuels to cleaner, more reliable renewables like wind and solar is already well underway. But the big question –…