Oil rose around 1% on Friday, extending a sharp rally overnight that saw Brent rise above $50 for the first time since March, as coronavirus vaccination rollouts kept hopes alive that demand for crude would build up next year. Brent was up 45 cents or 0.9%...
Denmark will end all new oil and gas exploration in the North Sea, as part of a wider plan to stop extracting fossil fuels by 2050. Its government also agreed to cancel its latest licensing round on Thursday, which gives firms permission to search for and...
The U.S. and China remain locked in a wrestle for power, and it’s worrying that they’re not working to engage and collaborate with each other, energy expert Dan Yergin told CNBC. He was weighing in on a Reuters report that cited sources saying U.S. President Donald...
-Oil was mixed on Friday morning in Asia, with continued demand optimism over imminent vaccine rollouts and concern about signs of dissent within OPEC the main drivers. Overall volume was low due to the U.S. Thanksgiving holiday. Brent oil futures was up 0.23% to $47.90 by...
The future of oil producer group OPEC+ has been called into question by analysts at Goldman Sachs, as the alliance prepares to secure a new mandate on output curbs. OPEC+, a group that comprises some of the world’s largest crude producers, is scheduled to meet on...
-European stock markets drifted lower Tuesday, amid caution over the economic outlook given the restrictions to combat the Covid-19 surge despite the latest positive Covid-19 vaccine news. At 3:50 AM ET (0850 GMT), the DAX in Germany traded 0.1% lower, the CAC 40 in France fell...
Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to an accelerating rise in Covid-19 infections, but remained on track for a second straight weekly gain, helped by vaccine hopes. Brent crude was down 75...
-European stock markets largely edged higher Tuesday, continuing Monday’s coronavirus vaccine-inspired optimism, helped by some positive corporate news. At 3:50 AM ET (0750 GMT), the DAX in Germany traded 0.4% lower, the CAC 40 in France rose 0.7%, while the U.K.'s FTSE 100 index climbed 0.4%. On...
Oil dropped on Thursday as Democrat Joe Biden edged closer to the White House in a nail-biting U.S. presidential election but the Republicans look likely to retain Senate control, decreasing the chances of any huge Covid-19 relief package. U.S. West Texas Intermediate (WTI) crude futures fell...
-European stock markets pushed higher Tuesday, helped by some positive corporate news as well as investors looking for a more predictable U.S. political climate as the contentious presidential election campaign comes to an end. At 4:10 AM ET (0910 GMT), the DAX in Germany traded 0.6%...
