Emission reduction targets boost global spending on maintenance in the renewable and low-carbon sectors, slowly pulling the rug out of the oil and gas industry. In a recent report, energy research firm Rystad Energy predicts that the maintenance, modification and…
Continue ReadingOil prices are down 5%, and Brent crude is below $110 Oil prices fell, about 5%, during trading today, Wednesday, June 22, 2022, amid US President Joe Biden's effort to reduce high fuel costs. The White House is putting pressure…
Continue ReadingGold prices fell, during trading today, Tuesday, June 21, 2022, with the increase in US bond yields. This comes in light of investors' anticipation of the position of major central banks to raise interest rates to get a clearer view…
Continue ReadingEuro edges higher with focus on ECB, dollar retreats The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France for now…
Continue ReadingChina's imports of Russian oil jumped 55% last May, displacing Saudi Arabia from the first place among crude suppliers to Beijing, 19 months after Riyadh topped the list. China's General Customs Administration data indicated today, Monday, June 20, that Russian…
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