Crude prices fell significantly at the start of the week despite robust US economic data coupled with strong employment numbers and a positive industrial PMI. Chart of the week Late and lax, oil price cap fails to impress markets – Oil prices are in freefall this week, with WTI returning to levels just above $75 …
Oil falls as markets fear further action from the US Fed | OilPrice.com Read More »
BP sees rapid growth in low-carbon hydrogen Fuel to qualify for government subsidies CEO Looney to announce hydrogen production targets BP plans major hydrogen project at refinery in Whiting, Indiana LONDON, Dec 5 (Reuters) – BP Chief Executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as governments in major economies pile …
(Bloomberg) — The war in Ukraine reinforces the role of Asia and the Middle East as the world’s main suppliers of fuels like diesel and gasoline that are crucial to the global economy. Bloomberg’s Most Read As Europe and the United States seek to reduce their dependence on Russian petroleum products, they face a supply …
Putin’s war makes the West more dependent than ever on Asian fuel Read More »
Millions of households will pay nearly a third of their income in fuel costs this spring, amid warnings that a ‘black hole in supply’ remains for Britain’s poorest families. The vast majority of households in certain vulnerable groups – including around 70% of pensioners – will spend a tenth or more of their income on …
Millions of households will spend almost a third of their income on fuel by spring Read More »
SHENZHEN, Nov 21 (Reuters) – Julian Zhu, who grew up in a Chinese village, only saw his father a few times a year when he returned for vacation from his grueling job at a textile factory in southern Guangdong province . For his father’s generation, factory work was a lifeline out of rural poverty. For …
Young Chinese reject factory jobs that fuel economy Read More »
