Oil hits 13-month highs on concerns of Middle East tensions
Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a U.S....
Mekong River at ‘worrying’ low level amid calls for more Chinese dam data
Water levels in the Mekong River have fallen to a “worrying level” in part due to outflow restrictions from Chinese hydropower dams upstream, the Mekong River Commission (MRC) said...
UPDATE 1-New plant helps lift earnings at Russian petrochemicals producer Sibur
Russia’s largest petrochemicals producer, Sibur, said on Thursday its core earnings rose 5% in 2021 as it expanded production with the launch of a new plant, but was also...
Equinor sells loss-making shale assets in U.S. Bakken to Grayson Mill
Norway’s Equinor said on Wednesday it has agreed to sell its assets in the U.S. Bakken oil province after a decade plagued with billions of dollars of losses and...
Reddit’s valuation doubles to $6 billion after new $250 million funding
Reddit Inc, which has been at the heart of a recent social media-driven retail trading frenzy, said on Monday it raised more than $250 million in a new round...
Oil climbs to 13-month highs on output cuts, demand recovery hopes
Oil prices edged up to their highest in 13 months on Tuesday as supply cuts by major producers and optimism over fuel demand recovery support energy markets.
Brent hits $60 as supply cuts and stimulus hopes boost prices
Oil prices rose on Monday to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes...
Nigeria negotiates terms with Big Oil to keep investments
Nigeria’s state oil company is renegotiating commercial contract terms with major oil firms, its chief told Reuters, in a move that it hopes will keep investment flowing into a...
Biden team in talks with utilities, car companies about emissions: climate adviser
U.S. President Joe Biden’s administration has started discussions with the utility and automobile sectors about reducing greenhouse gas emissions, White House domestic climate change adviser Gina McCarthy told Reuters.
Oil prices extend rally as producers restrain output
Oil prices rose more than 1% on Tuesday after major crude producers showed they were reining in output roughly in line with their commitments, extending gains for a market...
