Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia that is likely to have sweeping political and economic consequences.
Brent futures suffered the second-larg…
Oil drops 31% in worst loss since Gulf War as price fight erupts Read More »
A metal best known for galvanising steel is making the jump into a developing $30-billion energy-storage market for electrical grids that’s increasingly seen as key to unleashing solar and wind power upon the world.
Less than four months after Governo…
Meet zinc, the cheap metal gunning for lithium’s battery crown Read More »
Russia resisted pressure from its Opec allies to make deeper production cuts, pushing the cartel’s high-stakes diplomatic gamble to the brink of failure and sending prices plunging. Energy Minister Alexander Novak arrived from Moscow on Friday morning …
Opec+ on brink of failure as Russia resists deeper oil cuts Read More »
Gold is heading for the biggest weekly gain since 2016, burnishing its credentials as an effective haven, as fearful investors struggle to assess the impact of the expanding global health crisis.
Bullion’s up 5.4% since Monday, near seven-year highs, …
Gold rallies on virus as Gundlach says it’s the thing to own now Read More »
Gold jumped to a fresh seven-year high as investors tried to assess an expanding global health crisis.
Bullion is headed for the biggest weekly gain since 2009, driven by a collapse in bond yields and concerns about the scale of the coronavirus outbre…
Gold hits fresh seven-year high as risk-off mood sweeps markets Read More »
US coal use plunged more than 13% in 2019, the most in 65 years, as power plants shut down across the country. That’s poised to happen again this year.
Total consumption slumped to 596-million tons in 2019 from 688-million tons in the prior year, acco…
US coal use is plunging at fastest rate since Eisenhower era Read More »
The Supreme Court of Canada declined to hear five challenges to the Trans Mountain oil pipeline expansion, adding to recent legal momentum for the project.
The court on Thursday denied applications from project opponents such as the Squamish and Tslei…
Top court declines to hear Trans Mountain challenges Read More »
Europe wants to make it illegal by 2050 to emit more greenhouse gases than can be removed from the atmosphere.
European Commission President Ursula von der Leyen unveiled a draft law on Wednesday that would commit the region to become the first climat…
Europe embarks on economic revolution with landmark climate law Read More »
As coronavirus cripples the Chinese economy, hardly anyone there is buying diamonds. Diamond sales in China have collapsed since the outbreak of the virus as shoppers stay home. De Beers, the biggest diamond miner, said sales fell by more than a third …
Diamond sales collapse as China’s luxury shoppers stay at home Read More »
China is close to giving the go-ahead for some of its biggest state-owned companies to develop the giant Simandou iron ore mine in Guinea, potentially paving the way for the project to be built after years of legal wrangling. China’s State-owned Assets…
China plans to approve developing giant Simandou iron-ore mine Read More »
