The Biden administration on March 31, 2022, said it plans to release an unprecedented 180 million barrels of oil from the U.S. Strategic Petroleum Reserve to combat the recent spike in gas and diesel prices.…
Read More
Press enquiries: +41 61 280 8477[email protected] Ref: 8/2022 The Financial Stability Board (FSB) today published its work programme for 2022. Priority areas of work and new initiatives, including key deliverables to the G20 Indonesian…
Read More
The federal government’s announcement of a halved fuel excise is no doubt music to many people’s ears. Following Tuesday night’s budget release, the excise (a government tax included in the purchase price of fuel) was…
Read More
2/2 © Reuters. FILE PHOTO: The Suncor tar sands processing plant near the Athabasca River at their mining operations near Fort McMurray, Alberta, September 17, 2014. REUTERS/Todd Korol/File Photo 2/2 By Nia Williams CALGARY, Alberta…
Read More
An unprecedented economic crisis is unfolding in Sri Lanka. And while the country’s problems have been brewing for years, spillovers from the crisis in Ukraine have sent the island nation over the edge. The Sri…
Read More
The Bank of England has announced that all its electricity and natural gas will come from renewable sources from this month onwards. In a statement on Twitter, the BoE said the decision was part of…
Read More
Deep in the Earth beneath us lie two blobs the size of continents. One is under Africa, the other under the Pacific Ocean. The blobs have their roots 2,900km below the surface, almost halfway to…
Read More
© Reuters. FILE PHOTO: A Russian state flag flies on the top of a diesel plant in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 10, 2019. Picture…
Read More
The poet TS Eliot famously proclaimed April to be the “cruellest month”. Writing after surviving a pandemic – the Spanish flu of 1918 – he was referring to the familiar (often misguided) sense of hope…
Read More
© Reuters. By Sam Boughedda Investing.com — U.S. oil stockpiles declined by more than expected in the latest week, the Energy Information Administration said on Wednesday. dropped by 3.449 million barrels last week, compared with…
Read More