Commodities News
- Reuters
OSLO (Reuters) – Wideroe, the Nordics’ largest regional airline, is setting up a subsidiary to help it develop an emissions-free airline business, its chief executive told Reuters.
- Reuters
LONDON (Reuters) -Royal Dutch Shell hit back on Thursday against an activist fund’s call for the company to break up, with top executives saying its businesses operate better together than apart.
- Reuters
WASHINGTON (Reuters) -Executives from some of the world’s biggest oil companies denied in U.S. congressional testimony on Thursday that they continue to misinform the public about the role of fossil fuels in climate change and resisted calls to ask lobbying groups they fund to stop obstructing climate-friendly policies.
- Reuters
BEIJING (Reuters) – China on Thursday called for the removal of “enormous” farm subsidies in some developed countries as part of Beijing’s push for reform of the World Trade Organization.
- Reuters
NEW YORK (Reuters) -Oil prices fell on Wednesday after U.S. crude oil stockpiles rose more than expected, even as fuel inventories dropped and tanks at the nation’s largest storage hub emptied further.
- Reuters
MILAN (Reuters) – Continental Europe’s $35 billion ceramics industry thought the worst was over when sales jumped more than 10% in the first half of the year and order books began to fill up after the damage inflicted by the pandemic.
- Reuters
NEW YORK (Reuters) -Oil prices edged up to their highest since 2014 on Tuesday, supported by a global supply shortage and strong demand in the United States, the world’s biggest consumer.
- Reuters
LUXEMBOURG (Reuters) -Divisions deepened among European Union countries ahead of an emergency meeting of ministers on Tuesday on the bloc’s response to a spike in energy prices, with some countries seeking a regulatory overhaul and others firmly opposed.
- Reuters
AMSTERDAM (Reuters) – Dutch pension fund ABP, one of the world’s largest, will divest 15 billion euros ($17.5 billion) of investments in fossil fuel producers by 2023, it said on Tuesday, citing concern over global warming.
- Reuters
(Reuters) -A Democratic proposal to impose a methane fee on U.S. oil and gas producers is not likely to be included in the party’s massive spending bill in Congress amid opposition within its own ranks, two sources familiar with the negotiations said on Monday.
- Reuters
NEW YORK (Reuters) – Oil prices reached multi-year highs on Monday before steadying, as tight global supply and strengthening fuel demand in the United States and beyond supported prices.
- Reuters
(Reuters) – Energy transition and peak demand predictions have spooked investors in oil, putting the prospect of peak production sooner than anticipated accompanied by wild price spikes.
- Reuters
RIYADH (Reuters) -Saudi Arabia’s crown prince said on Saturday that the world’s top oil exporter aims to reach “net zero” emissions of greenhouse gases, mostly produced by burning fossil fuels, by 2060 – 10 years later than the United States.
- Reuters
NEW YORK (Reuters) -Oil traded just below multi-year highs on Friday with bullish sentiment about low supplies tamped by concerns from world leaders that demand disruptions from the COVID-19 pandemic may not be over.
- Reuters
KYIV (Reuters) – Ukraine has offered Russian gas giant Gazprom a 50% tariff discount for an additional gas transit to Europe, a Ukrainian president spokesman said.
- Reuters
BERLIN (Reuters) – BMW will stop making internal combustion engines at its main plant in Munich by 2024, its head of production said on Friday at a conference marking the start of production of its electric i4 model.
- Reuters
NEW YORK (Reuters) – Oil tumbled on Thursday as a forecast for a warm U.S. winter put the brakes on a rally that drove prices to a three-year high above $86 a barrel early in the session on tight supply and a global energy crunch.
- Reuters
BRUSSELS (Reuters) -EU leaders on Thursday struggled to agree a common response to soaring energy prices, which have exposed familiar rifts over the bloc’s climate change goals and divided countries on whether the price crunch warrants an overhaul of EU energy market rules.
- Reuters
NEW YORK (Reuters) -Oil prices rallied on Wednesday after U.S. crude inventories at the nation’s largest storage site hit their lowest level in three years and nationwide fuel stocks fell sharply, a signal of rising demand.
- Reuters
NEW YORK (Reuters) -Oil futures rose on Tuesday and were near multi-year highs as an energy supply crunch continued across the globe, while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic heating needs.