Wednesday, December 2, 2020

Oil prices slip but traders cheer vaccine approval

Oil prices fell early on Wednesday but later pared some of the losses on news that Britain has become the first country in the world to approve a vaccine...

German energy regulator awards permits to close hard coal-to-power plants

Germany’s energy regulator on Tuesday said some 4,788 megawatts (MW) worth of hard coal-fired power generation capacity may close on Jan 1, 2021 as part of a policy to...

U.S. shale firms amp up natural gas output as futures signal more gains

Higher natural gas futures prices for 2021 and a continued glut of crude oil are prodding U.S. shale firms to boost gas drilling and production. Shale...

China to impose temporary anti-dumping measures on Australian wine imports

Australia has responded defiantly to China imposing anti-dumping tariffs on Australian wine, saying the “seriously concerning development” looks to be about diplomatic grievances and not any action by winemakers.

Oil rally stalls on signs of more supply, demand doubts

Oil slipped from seven-month highs on Thursday as signs of growing supplies helped to halt a rally driven by optimism that vaccines will revive fuel demand.
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S.

Oil prices rise as vaccine optimism sustains rally despite stockpile gain

Oil rose for the fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven...

Surge in greenhouse gases sustained despite COVID lockdowns: U.N.

Greenhouse gas concentrations climbed to a new record in 2019 and rose again this year despite an expected drop in emissions due to COVID-19 lockdowns, the World Meteorological Organization...

Stocks edge up but gains limited by end of Fed stimulus

World stocks edged higher Friday as hopes of economic recovery ahead helped offset the blow dealt by news that the U.S. Treasury was ending emergency loan programmes.

Oil prices mixed as surging COVID-19 cases outweigh vaccine optimism

Oil futures were mixed on Thursday as the surge in coronavirus cases and tighter economic restrictions around the globe stoked fears over slower fuel demand, outweighing upbeat vaccine news.

Iran feeds uranium gas into advanced centrifuges underground: IAEA report

Iran has fired up advanced uranium-enriching centrifuges that it had installed underground at its Natanz site, in the latest breach of its nuclear deal with major powers, a report...