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Markets

Here's why global investors will be closely watching the OPEC+ meeting

Global investors, including those in Europe, will be closely watching what actions will be taken at the November OPEC+ meeting, which will shed more light on the next steps of the major oil-producing countries.

Markets

How a dark fleet of ships is helping Russia evade oil sanctions

A dark fleet, untraceable operators, and discounts helped Russian oil trade flow despite Western sanctions in the last 18 months.

Markets

Oil prices drop on poor economic data from China

Crude oil prices have dropped to their lowest since late July, on the back of weak economic data from China and slowing global demand.

Markets

World Bank: Shock in oil and food prices if Israel Hamas war escalates

In its latest report, the World Bank outlines three possible scenarios and what they entail for the commodity markets.

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Markets

Israel Hamas war: The outcome the financial markets expect

Energy and defence-related investments are set to yield in the next 12-18 months, according to analysts.

Markets

London takes back European stock exchange crown from Paris

The London Stock Exchange's performance was lifted by increasing oil prices, according to a Bloomberg index.

Earth News

Why do Alaskans get a €1,000 oil cheque every year?

Alaska is sitting on a nest-egg oil fund. But dividing it up is an 'emotionally charged' matter for citizens.

Markets

Oil prices keep rising, experts foresee $100 a barrel

After a short pause last week, oil prices are on the rise again fuelled by Russia's temporary ban.

Austria

OPEC+: Riyadh to reduce oil output, others to extend previous cuts

In order to keep crude oil prices stable on the world market, the OPEC+ countries, including heavyweight Russia, have agreed to maintain previous production cuts through 2024, while Saudi Arabia cuts output by 1 million barrels per day.

Austria

OPEC+ members meet in Vienna to discuss oil production strategy

The OPEC+ countries discuss their current production strategy in Vienna. New oil production cuts could result from the meeting as signs of discord between top crude oil producers Saudi Arabia and Russia set the tone of the talks.

Ecotech

German solar school hopes to train ‘unbelievable number of people’

As German solar demand surges, a new school has opened to train workers.

Saudi Arabia

Saudi oil giant Aramco reports record profit of €151 billion for 2022

Aramco is the latest energy company to announce record earnings in 2022, helped by soaring energy prices following Russia's war in Ukraine.

Russia

Price cap on Russian oil comes into force despite Moscow's threats

The $60-a-barrel cap on Russian oil approved by the G7 comes into force on Monday despite Moscow's threats.

Russia

Moscow and Kyiv criticise $US60 oil price cap set by Western allies

The Kremlin announced that it will not accept the EU oil price ceiling set to take effect on Monday, along with an EU embargo on Russian oil shipped by sea.

Europe News

EU countries agree to cap Russian oil at $60 per barrel

EU ambassadors spent the last few days debating the level of the price cap, which will have implications across global markets.

Earth News

Fuel crisis: Kenyans burn toxic plastic bags just to cook food

As fuel prices rise, many people in Nairobi’s poorest areas have begun burning plastic to cook their meals.

Earth News

France passes new bill allowing recycled cooking to be used as fuel

France’s new bill will allow citizens to power their diesel vehicles with recycled cooking oil.

No Comment

Ecuador: clashes between protesters and police on fuel price cuts

Protesters in Quito burn tires as police use tear gas during a march to demand a fuel price cut amid rising inflation, unemployment, and poverty in the oil-producing South American country.

Ecotech

As G7 commits to banning Russian oil, is fermented fuel the answer?

Wheat husks, pulped sugar beets and onion peelings could help curb Europe’s energy crisis, as farmers brew up biogas from agricultural waste.

Earth News

What is a windfall tax and how would it help with the cost of living?

Some European countries are already taxing fossil fuel companies for the huge profits they have made during the energy crisis.