The narrative that the world will be able to quickly and effectively move away from fossil fuels has been majorly undermined this year.
U.S. West Texas Intermediate (WTI) crude fell 22 cents, or 0.2% to US$120.71 a barrel at 0353 GMT, while Brent crude futures eased 25 cents, or 0.2%, to US$122.02 a barrel
Brent crude futures for July were up US$1.32, or 1.2%, at US$110.43 a barrel at 0700 GMT, after falling by more than US$1 earlier in the session
Oil prices edged up on Wednesday on expectations that easing COVID-19 restrictions in China will push up demand and as industry data showed drawdowns in U.S crude inventories. Brent crude was up 23 cents, or 0.2%, at US$112.16 a barrel at 0633 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 71 cents, or 0.6%, to […]
Infrastructural development for oil and gas trading between China and Russia have been extremely extensive in recent years.
Venezuela is working with China and Indonesia to kick-start the country’s oil industry after years of halted operations.