Oil’s supply-led rally peters out as virus cases surge
Oil prices on Monday fell further from 11-month highs touched last week, ending a rally that started at end-October on production cuts and strong Chinese demand, with the market’s...
Oil drops as Chinese lockdowns, U.S. unemployment data drains rally
Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude...
Column: China’s commodity imports saved 2020, this year may be different: Russell
There is both a history lesson and a warning in the latest Chinese data on imports of major commodities.
The history part is that China bought...
Oil prices gain more than 1% after bigger-than-expected inventory draw
Oil prices gained more than 1% on Wednesday, with U.S. crude rising for a seventh day, after industry data showed a bigger than expected drop in inventories and investors...
Coronavirus causes largest U.S. greenhouse gas emissions drop since World War Two -report
U.S. greenhouse gas emissions fell 10.3% in 2020, the largest drop in emissions in the post-World War II era, as the coronavirus crippled the economy, according to a report...
Oil up on hopes of demand recovery, lower U.S. inventories
Oil gained ground on Wednesday as a U.S. coronavirus fiscal aid package and a decline in crude oil inventories lifted prices.
Brent crude futures rose 35...
Global stocks, oil lead risk rally on U.S. stimulus hopes
Global shares rose for the fourth straight day on Tuesday and oil followed suit as hopes of fresh U.S. stimulus teed up a strong end to the year for...
Oil rises to touch $52 after Trump signs aid bill
Oil rose to hit $52 a barrel on Monday as U.S. President Donald Trump’s signing of a coronavirus aid package and the start of a European vaccination campaign outweighed...
Japan aims to eliminate gasoline vehicles by mid-2030s, boost green growth
Japan aims to eliminate gasoline-powered vehicles in the next 15 years, the government said on Friday in a plan to reach net zero carbon emissions and generate nearly $2...
New coronavirus strain hits pound, euro as investors seek dollars
The British pound and the euro fell on Monday as investors sought refuge in the dollar, after a fast-spreading new coronavirus strain shut down much of the United Kingdom...
