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Oil prices surged to a 12-month high Wednesday after the Energy Information Administration (EIA) reported a 994,000-barrel drawdown in crude inventories for the week ending Jan. 31, indicating a recovery … Read More
Facebook has banned the sharing or viewing of our news articles on its platform. For independent journalism straight from the source, download our app and sign up to our newsletters. Viva … Read More
SPACEX has bought two offshore oil rigs that it will convert into floating spaceports for use on future mission to the Moon and Mars. The huge portable platforms will one … Read More
Denmark has brought an immediate end to new oil and gas exploration in the Danish North Sea as part of a plan to phase out fossil fuel extraction by 2050. … Read More
Crude oil traded around $39 a barrel early Monday, down by about $2.40 a barrel over the past week. Trading remains in a narrow range right around $40 a barrel, … Read More
More than nine years ago, Netscape founder turned venture capitalist Marc Andreessen summed up his view of the future: “In short, software is eating the world.” That pronouncement came just … Read More
If you have ever heard the phrase “You better understand what you are investing in,” this phase was something that investors in United States Oil Fund L.P. (NYSEARCA: USO) found … Read More
SATELLITE images have revealed the devastating extent of the Mauritius oil spill that can be seen all the way from space. The island nation of Mauritius has declared a “state … Read More
The coronavirus outbreak could trigger a $25tn (£20tn) collapse in the fossil fuel industry by accelerating a terminal decline for the world’s most polluting companies. A study has found that … Read More
