This post was originally published on this siteSummary New coronavirus variant detected in South Africa New variant may worsen oil outlook before OPEC+ Dec 2 meet OPEC panel sees surplus growing in first quarter Nov 26 (Reuters) – Oil prices plunged $10 a barrel on Friday, their largest one-day drop since April 2020, as a […]

This post was originally published on this siteNov 26, 2021 (Bloomberg) The two worlds of finance — public and private — came together like never before at the COP26 summit in Glasgow. Bankers and financiers showed up in full force at an event outside the venue where they rolled out carefully orchestrated pledges and laid out their visions for

This post was originally published on this siteNov 26, 2021 (Bloomberg) Oil fell sharply as a new Covid-19 strain raised concerns about the outlook for demand and sent global markets spiraling.Futures in New York tumbled toward $73 a barrel and benchmark Brent shed as much as 6%, the most since July. The emergence of the new

This post was originally published on this siteNov 25 (Reuters) – The United States will sell 32 million barrels of crude from four Strategic Petroleum Reserve (SPR) sites to be delivered between late-December and April 2022, the Department of Energy (DOE) said as it auctions oil to try to lower global prices. International oil prices

This post was originally published on this siteNov 24, 2021 (Bloomberg) The U.S. Department of the Interior approved the construction of a wind farm off the coast of New York that will provide power for 70,000 homes.The South Fork Wind project, a joint venture between Orsted AS and Eversource Energy, will consist of 12 turbines located

This post was originally published on this siteA worldwide push toward electrification is causing a three-year wave of initial public offerings in the electric vehicle space that could raise about $100 billion until the end of 2023, according to Bank of America Corp.Growing investments in the sector, spanning from batteries to charging cars, will see

This post was originally published on this siteCourtesy of ENERGYminute   See more articles and infographics from ENERGYminute HERE The phrase ‘cleantech’ often summons images of wind turbines or that countertop composter you’re thinking of buying. But let’s be honest, you aren’t going to start growing vegetables with homemade fertilizer anytime soon. However, when you look beyond

This post was originally published on this siteDUBAI, Nov 25 (Reuters) – The United Arab Emirates is fully committed to the OPEC+ agreement and has no “prior stance” ahead of an upcoming meeting on Dec. 2, state news agency WAM reported on Thursday. “The energy ministry confirms that the United Arab Emirates is fully committed

This post was originally published on this siteNov 23 (Reuters) – As the Biden administration and allies scramble to deliver more oil to market through stockpile releases, shale producers are tapping the brakes on reinvestment, according to new data, a sign of the widening split between U.S. oil companies and Washington. That restraint has become