Oil prices rose as much as nearly 3 percent on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger. Brent crude futures rose as much as $3.08, or 2.9 … Read more
SEOUL, July 5 (Reuters) – South Korea plans to increase the contribution of nuclear power in the country’s energy mix to 30% or more by 2030 from 27% in 2021, the industry ministry said on Tuesday, pledging to resume stalled construction work on two reactors. South Korea’s new president, Yoon Suk-yeol, has rejected the idea … Read more
Germany trade entered negative territory in May, raising questions about the stability of its economy in the wake of Russia’s invasion of Ukraine. Picture Alliance | Picture Alliance | Getty Images Germany is no longer exporting more than it buys from other countries, highlighting the strains that the nation and other European energy are facing … Read more
KNOXVILLE, TN, July 01, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Blue Earth Resources, Inc. (“Blue Earth”) (OTCMKTS: BERI), a US fuel marketer, announced its interim financial results for the quarterly period ended May 31, 2022, in its filing with OTCIQ on June 26, 2022. In addition, Blue Earth recently entered into its first branded … Read more
OPEC+ has been slowly returning the nearly 10 million barrels per day it agreed to pull from the market in April 2020. Mazen Mahdi | Afp | Getty Images A group of some of the world’s most powerful oil producers on Thursday agreed to stick to a planned output increase in August, defying calls to … Read more
A drilling rig at a gas processing facility, operated by Gazprom. Maxim Shemetov | Reuters The European Union’s best shot at replacing Russian gas imports this year is likely to miss the mark, analysts predict, exerting further pressure on the region’s economy. The EU plans to replace two-thirds of Russian gas imports by the end … Read more
40 nonprofits serving communities of color will receive $25,000 grants for general operating funds. CHARLOTTE, NC, June 28, 2022 /PRNewswire/ — Duke Energy today announced the third year of its $1 million grant opportunity through the Duke Energy Foundation for North Carolina nonprofit organizations working for social justice and racial equity. Applications will be reviewed … Read more
Press play to listen to this article Italy’s smooth sailing is about to come to an end. A combination of factors — the “Super Mario” brand of its prime minister, negative interest rates and the chance to spend nearly €200 billion in EU recovery funds — meant that the EU’s third largest economy was heading … Read more
New week, same bounce. Stock futures point to fresh gains as investors grow optimism that a bond rout is ending, and the Fed’s rate-hike plans will get pruned due to a global slowdown. Of course, that optimism comes as discontent grows around the world from high commodity prices that have driven up food prices, cramped … Read more
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