BHP's offloading of oil and gas assets shows the global market has turned on fossil fuels
Aug 22, 2021 01:23 am UTC| Business
The announcement by BHP, the worlds second-largest mining company, that it will shift its oil and gas assets into a joint venture with Australian outfit Woodside is a clear indication the Big Australian is getting out of...
WTI inches closer towards $75 mark, gains over 1.75% ahead of OPEC meeting
Jul 01, 2021 10:47 am UTC| Technicals
USOIL chart - Trading View U.S. West Texas Intermediate was trading 1.73% higher on the day at $74.78 at around 10:40 GMT. Oil prices remain buoyed after data Wednesday showed U.S. crude stockpiles fell 6.7 million...
WTI extends losses after doji formation in the previous session, bears eye 200H MA at $67.95
Jun 08, 2021 12:15 pm UTC| Technicals Economy
USOIL chart - Trading View West Texas Intermediate (WTI) crude is extending declines from multi-month highs at $69.97 after doji formation in the previous session. WTI was trading 0.93% lower on the day at $68.61 at...
Australia's economy can withstand the proposed European Union carbon tariff — here's what we find
Apr 23, 2021 11:41 am UTC| Economy
The European Union has committed to very significant emission cuts 55% on 1990 levels by 2030, and zero net emissions by 2050. To help it get there without too much disruption, the president of the European Commission...
Oil: why higher prices will complicate the energy transition
Mar 22, 2021 13:34 pm UTC| Economy
The oil price is on a rollercoaster. Having crashed into negative territory just last April, the price of Brent crude climbed all the way to US$70 (50) earlier in March. It has since slid below US$64. So where is it...
Mar 08, 2021 07:43 am UTC| Economy
The oil industrys lobbying arm, the American Petroleum Institute, suggested in a new draft statement that it might support Congress putting a price on carbon emissions to combat climate change, even though oil and gas are...
Japan leans on Asian LNG production to lower purchase costs
Feb 26, 2021 00:17 am UTC| Economy
Japan will support Asian countries liquefied natural gas (LNG) production for use in power generation in the hope of reducing procurement costs for the energy source. The efforts to lower purchasing costs and ensure...
Putin’s Russia: first arrests under new anti-LGBT laws mark new era of repression
Canada needs a national strategy for homeless refugee claimants