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Category energy

Commodity wrap: gold rises on rate cut bets, oil set for weekly loss

Commodity wrap: gold rises on rate cut bets, oil set for weekly loss

Most non-agricultural commodities rose on the last day of the week with gold consolidating above the crucial mark of $4,000-per-ounce.  Oil prices ...
Oil prices under pressure as oversupply looms; may fall further if China stockpiling slows

Oil prices under pressure as oversupply looms; may fall further if China stockpiling slows

Oil prices are once again under moderate pressure, primarily due to the continued increase in global oil production easing earlier concerns about m...
Why renewable energy rollout is driving up power costs in India?

Why renewable energy rollout is driving up power costs in India?

India’s aggressive rollout of renewable energy is pressurising the country’s electricity grid and driving up supply costs, largely because demand g...
South America’s offshore oil and Vaca Muerta set to fuel global supply through 2030, Rystad Energy says

South America’s offshore oil and Vaca Muerta set to fuel global supply through 2030, Rystad Energy says

A new analysis from Rystad Energy highlights Latin America’s strong position in the global oil market, forecasting that offshore production from Br...
Gasoline tanker boarded by pirates off Somalia; 24 crew members safe

Gasoline tanker boarded by pirates off Somalia; 24 crew members safe

A product tanker flying the Maltese flag was boarded by pirates off the coast of Somalia, according to a Reuters report on Thursday.  The vessel’s ...