Oil prices may continue to rally past 3½-year highs and all the way to $85 a barrel as soon as July, according to Pulitzer Prize-winning author and closely followed energy analyst Dan Yergin.
The moves in pre-market trade come as markets around the world showed a mixed to positive picture on the first trading day of the week. On Monday, stocks in Asia finished relatively mixed as investors shook off a tepid U.S. jobs report from Friday and focused on the rise in oil prices.
Economists like to say the best cure for high prices is, high prices. In the case of oil in recent years, the saying often rings true.
A successful bid by ArcelorMittal for Essar Steel would give exposure to the Indian steel market, which is likely to be the fastest-growing in the world over the next two decades.
Microsoft is to purchase 315 megawatts (MW) of energy from two new solar facilities in Virginia, it said Wednesday.
The United States Will Dominate The Oil Industry For The Next 5 Years, International Energy Agency Forecasts
Oil demand will keep expanding over the next five years, and the United States will fulfill most of the world’s growing appetite, the International Energy Agency said on Monday.
Four countries — the U.S., Japan, India and Australia — could join forces to set up an alternative to China’s Belt and Road Initiative in an attempt to counter Beijing’s growing influence, the Australian Financial Review reported Sunday.
The recent oil price rally hasn’t been enough to calm the nerves of OPEC kingpin Saudi Arabia.
A vast project to prove that fusion power is sustainable and can be generated on a commercial scale is now 50 percent complete, it has been announced.
India has big plans when it comes to renewable energy. The government has set itself ambitious targets, including commissioning 175 gigawatts of renewable energy by the year 2022.