Monday, February 6, 2023
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Oil finishes 2022 just slightly off one-year lows

The technical picture in the oil market has deteriorated substantially during the second half of the year Oil prices briefly peaked above $86 a barrel earlier...

Bitcoin steadies after BoJ-induced rally, bearish trend persists

A failure to clear the $17,000 immediate resistance could trigger a fresh sell-off Following a weak start to the week, the price of bitcoin rallied on...

US dollar struggles to attract safe-haven demand

The USD failed to capitalize on the rally in the US Treasury bond yields across the curve The US dollar is back on the defensive after the recent...

Enel CEO joins call for halt to new fossil fuels

The world must agree to stop extracting new fossil fuels and also aggressively deploy technology to limit the growth of greenhouse gasses, the chief executive of Europe’s biggest utility...

Norwegian Air fires CEO in ‘surprise’ move after restructuring

Norwegian Air has sacked Chief Executive Jacob Schram who led the budget carrier through restructuring and said it was promoting Chief Financial Officer Geir Karlsen to the top job...

Asia shares hesitate, China imports underpin resources

Asian shares turned sluggish on Monday as relief over a benign U.S. jobs report was chilled by caution ahead of key inflation data, while a coronavirus outbreak in Taiwan...

Oil hits two-year high on OPEC+ discipline, demand hopes

Oil extended gains on Friday, topping $72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout...

HeidelbergCement plans world’s first CO2 neutral cement plant in Sweden

HeidelbergCement, the world’s second-largest cement maker, on Wednesday said it plans to turn its Swedish factory in Slite into the world’s first CO2-neutral cement plant by 2030 via carbon...

Oil inches higher as upbeat demand outlook counters supply concerns

Oil prices inched higher on Friday, with Brent holding near $70 a barrel as strong U.S. economic data and expectations of a rebound in global demand outweighed concerns about...

Total, Chevron suspend payments to Myanmar junta from gas project

French oil and gas group Total and U.S. energy company Chevron have suspended some payments from a gas joint venture that would have reached Myanmar’s junta, earning praise from...