Category: Energy

April 7, 2020

A few years ago, the kind of double-digit drop in oil and gas prices the world is experiencing now because of the coronavirus pandemic might have increased the use of fossil fuels and hurt renewable energy sources like wind and […]

April 2, 2020

Energy stocks propelled the broader stock market higher Thursday, driven by a surge in crude prices on hopes that Saudi Arabia and Russia could step back from their price war. The Dow Jones industrial average jumped 300 points, a day […]

March 27, 2020

Oil futures edged lower Friday, as traders continued to balance optimism over a $2 trillion U.S. fiscal stimulus package against a huge drop in demand as result of the global COVID-19 pandemic. West Texas Intermediate crude for May delivery CLK20, […]

March 9, 2020

Oil futures plunged to a four-year low Monday, on track for the biggest one-day drop since 1991 as OPEC and Russia appear headed for an all-out price war — shaking a market already reeling from the demand shock created by […]

March 6, 2020

VIENNA — The price of oil is slumping amid doubts that OPEC will succeed in agreeing with ally Russia on cutting production to support prices as the virus outbreak disrupts the global economy. The cartel is trying to convince Russia […]

February 25, 2020

JPMorgan Chase announced a pledge to facilitate $200 billion in environmental and economic development deals and will pull back from advising and lending to the coal-mining industry. The new targets, disclosed Tuesday in presentations for the New York-based bank’s annual […]

February 4, 2020

Oil climbed to near $51 a barrel in New York as officials from OPEC+ gathered on Tuesday for an urgent meeting to assess the impact of the coronavirus on global demand, and how the group should respond. Under increasing pressure […]

January 28, 2020

Oil futures edged higher Tuesday, steadying after falling to morethan a threemonth low to start the week on fears China’s coronavirus outbreak could dent global demand for crude. West Texas Intermediate crude for March delivery CLH20, +0.49% on the New […]

January 20, 2020

Oil prices climbed Monday, driven by a pair of worries on the supply front driven by unrest in Libya and Iraq. West Texas Intermediate crude futures for January delivery US:CLF20 rose 59 cents, or 1%, to $59.17 a barrel. There […]

January 6, 2020

PROVIDENCE, Rhode Island — The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States. The […]