DUBAI, Dec 9 (Reuters) – Countries clashed on Saturday over a possible agreement to phase-out fossil fuels at the COP28 summit in Dubai, jeopardising attempts to deliver a first-ever commitment to eventually end the use of oil and gas in 30 years of global warming talks.
COP28 clashes over fossil fuel phase-out after OPEC pushback Read More »
BENGALURU, Dec 8 (Reuters) – Oil prices rose more than 2% on Friday after U.S. data supported expectations of demand growth, but both benchmarks fell for a seventh straight week, their longest streak of weekly declines in half a decade, on lingering oversupply concerns.
Oil gains over 2% but records seventh weekly decline Read More »
WASHINGTON, Dec 8 (Reuters) – The U.S. Department of Energy on Friday said it wants to buy up to 3 million barrels of crude oil for the Strategic Petroleum Reserve (SPR) for delivery in March 2024, as it takes advantage of lower prices to start to replenish the stockpile.
US seeks to buy up to 3 million barrels of oil for Strategic Petroleum Reserve Read More »
