Strait of Hormuz Constraints Keep Oil Prices Elevated
Oil prices remain close to $100 per barrel despite the U.S.-Iran ceasefire, which revived hopes that the worst…
Russia Emerges As The Biggest Winner In Middle East War
Oil markets continue to experience heightened volatility as the Middle East conflict escalates, with oil prices trending north…
EU Made ‘Mistake’ in Phasing Out Nuclear, Von Der Leyen Says
(Bloomberg) — The European Union made a “strategic mistake” in turning its back on nuclear energy, Commission President…
China Call Could Stop Russia in Ukraine, US NATO Envoy Says
(Bloomberg) — China is providing crucial support for Russia’s aggression in Ukraine and could end the war with…
Exxon Says EU Methane Rules Would Add 13% to Refiners’ Oil Costs
(Bloomberg) — European Union rules intended to curb emissions of methane, a potent greenhouse gas, could add about…
EU to Soften Emissions Curbs on Companies in Flagship Market
(Bloomberg) — The European Union is set to relax emissions-reduction rules for thousands of companies, recalibrating the world’s…
Ex-OPEC president denies bribe-taking at London corruption trial
Lawyers for Diezani Alison-Madueke, the first woman president of OPEC, denied in a London court Thursday that the…
Hungary Opposition Policymaker Seeks More Accommodation With
(Bloomberg) — Hungary’s opposition Tisza Party would end routine vetoes against European Union decisions, signaling a potential shift…
Permian Basin Economy Slows Under the Shadow of Cheap Venezuelan Oil
The United States is rushing to sell off millions of barrels of Venezuelan oil after the Trump administration…
UK Set New Annual Heat and Sunshine Records Last Year
(Bloomberg) — The UK just wrapped the warmest and sunniest year ever recorded. The average temperature for the…