International
Gold slumps below US$1,557.20
Gold prices stay mostly downbeat while taking rounds to $1,557.20, following an uptick to $1,559, during the early hours of Monday’s trading. The yellow metal fails to respond to the power play in Libya and protests in Iraq amid the broad US dollar strength. Also...
IEA warns oil companies doing nothing on emissions is not an option
Oil and gas companies must boost investment in low carbon energies or face an increasing backlash that could threaten their long-term profits and social acceptance, the International Energy Agency (IEA) said on Monday. In a report with the World Economic Forum...
OPEC+ members stay focused on production cuts despite Mideast unrest
Saudi Arabia’s energy minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels, undeterred by the flare up of political tensions in the Middle East. Oil prices have erased all of this year’s rally, which...
European leaders trigger dispute mechanism of Iran nuclear deal
The foreign ministers of France, Germany and the UK have triggered a dispute resolution mechanism over the nuclear deal with Iran - the Joint Comprehensive Plan of Action (JCPOA) - following the Middle Eastern country's further step away from its commitments. Josep...
Oil drops on concerns that U.S.-China trade deal may not stoke demand
Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese goods until a second phase. U.S. Treasury Secretary...
Greenbacker Renewable Energy Company signs rights for solar portfolio
Greenbacker Renewable Energy Company has announced that, through a wholly-owned subsidiary, it has signed the rights to a 110 MW portfolio of solar projects located in Greene and Albany counties, New York, US, from Hecate Energy. Construction and equipment procurement...
DEME installs foundations for offshore wind farm
DEME has successfully completed the installation of 58 monopile foundations and two offshore substation foundations at the SeaMade offshore wind farm in the Belgian North Sea. The last monopile foundation landed on the seabed on 2 January 2020. Installation works...
Oil prices climb to highest in three months on renewed U.S.-China trade deal hopes
Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies that has raised big questions about global demand for crude. Brent futures...
Oil prices rise on OPEC deficit forecast
Oil prices rose on Thursday, recouping some of the losses from the previous session that followed a surprise increase in U.S. crude inventories, as the market mood switched to relief after OPEC forecast a supply deficit next year. Brent futures LCOc1 rose 28 cents, or...
Aramco shares jump in world’s biggest ever market debut
Saudi Aramco's stock rose sharply as the world's biggest share listing got underway in Riyadh, rising 10% above the initial public offering price. Last week the oil giant, which produces more than a tenth of global crude supply, raised $25.6bn (£19.5bn). Saudi...
