Day: August 6, 2023

It’s been a wild week for oil prices. First soaring on news of the biggest U.S. inventory draw in years, benchmarks later slumped just as sharply when Fitch downgraded the United States’ credit rating from AAA to AA+. Barely a day later, prices rebound…

Last year, China emerged as the world’s clean energy champ, with the country accounting for $546 billion, or nearly half, of the $1.1 trillion that flowed into the sector as countries everywhere rushed to beef up their energy security. But those mammot…

The Pentagon is pursuing strategic ways to prevent further seizures of international vessels by Iran’s military, particularly in and near the vital Strait of Hormuz and Persian Gulf region. There’s been a series of tit-for-tat tanker seizures of late b…

The price of gasoline and other distillate fuels have rallied in recent weeks at a faster pace than the upstream crude oil benchmarks. At a time when central banks around the world appear to be nearing the end of their respective cycles of interest rat…

The UK government is moving their environmental policies a little bit closer to common sense.  Industrial companies now face less strict financial burdens for polluting after the government “watered down” reforms compared with those set by the EU, the …