OPEC and its allies left the oil market hanging on Monday when they indefinitely postponed talks to resolve a disagreement over production curbs. Crude prices first surged to six-year highs, then retreated, and uncertainty continues to hang over future OPEC+ policy. But at least one energy analyst expects a breakthrough to come soon. “I think
LONDON — Oil and gas giant BP on Thursday published its benchmark Statistical Review of World Energy, describing 2020 “as a year like no other” due to the impact of the coronavirus pandemic on global energy. Over the past seven decades, BP said it had borne witness to some of the most dramatic episodes in
Sina Schuldt | picture alliance | Getty Images Three major transportation firms are set to work with one another on the development of a European charging network for “battery electric heavy-duty long-haul trucks and coaches.” In a joint announcement earlier this week, Volvo, Daimler Truck and the Traton Group said they had signed a non-binding agreement related to
Utilities could be the underrated beneficiaries of a U.S. infrastructure overhaul, one CEO says. With Washington lawmakers working to make the Biden administration’s $579 billion infrastructure spending framework a reality, the year’s worst-performing sector could be in for a rebound, Reaves Asset Management CEO Jay Rhame told CNBC’s “ETF Edge” this week. Two major tailwinds
The container ship Maersk Murcia sits moored to a terminal in the port of Gothenburg, a busy shipping centre on the west coast of Sweden, as cargo is loaded onto it by crane before it sets sail on August 24, 2020. JONATHAN NACKSTRAND | AFP | Getty Images LONDON — The European Union is due
Jeff Bezos and Richard Branson are competing fiercely to outwit each other and capture the huge commercial space tourism market. And their fellow billionaire Elon Musk appears to be siding with the British entrepreneur and his Virgin Galactic venture. Musk, the SpaceX CEO who aims to colonise Mars someday and make humans a multi-planetary species, seems to have
The Daily Mail’s founding family is plotting an offer to take the company behind Britain’s biggest-selling national newspaper private – move that would end 90 years of stock market history. Daily Mail & General Trust (DMGT) confirmed Sky News’ exclusive revelation on Monday that Rothermere Continuation Limited (RCL) is considering an £810m bid for the
The Metropolitan Police Federation has condemned England supporters who attacked officers after last night’s Euro 2020 final defeat as “thugs not fans”. The body, which represents thousands of London’s police officers, tweeted: “These people should be ashamed of themselves. “They are not fans. They are thugs. We wish our injured colleagues well.” The Met Police
British billionaire Richard Branson on Sunday soared more than 50 miles above the New Mexico desert aboard his Virgin Galactic rocket plane and safely returned in the vehicle’s first fully crewed test flight to space, a symbolic milestone for a venture he started 17 years ago. Branson, one of six Virgin Galactic employees strapped in
There was widespread praise for the performance of the young England team on the pitch at Wembley on Sunday evening. They had come within reach of winning the European Championship, only losing 3-2 to Italy in a penalty shoot-out. But their performance was marred by the behaviour of a minority of fans, with dozens arrested
People walk past the New York Times building on October 14, 2019 in New York City. Eduardo Munoz Alvarez | VIEW press | Corbis | Getty Images For about 16 months, the U.S. and U.K. news industries have predominantly operated out of people’s living rooms, home offices and bedrooms. Now, they’re deciding what post-pandemic life
You could have heard a pin drop in Rome’s fan zone as that last penalty was taken. Italy’s goalkeeper saved it and not only did the hundreds staring at the big screen go wild but so did the rest of the Italian capital and the country. People were simply ecstatic, celebrating a win they had
Football came home all right. England just didn’t win the tournament. It’s no disgrace. Italy can claim to be the outstanding team of the Euro 2020, and are worthy winners. The guard of honour they formed as England went to collect their silver medals was a nice touch, and in keeping with a tournament which
There was at least one Englishman with something to celebrate on Sunday night. It will go down in the life story of Sir Richard Branson as the day he was officially handed the title of astronaut after his successful trip to the edge of space and back. And if the live feed of the England game
England have been hailed as heroes who should be “so proud” of themselves for their efforts in reaching their first major final in more than half a century. In a nail-biting final of the Euros, the Three Lions faced an agonising defeat in a penalty shootout at Wembley. Prince William, who was at the match
Italy have beaten England on penalties to win the European Championships in a nail-biting final at Wembley, after the game finished 1-1 following extra time. The Three Lions managed to score the fastest ever Euros final goal after Luke Shaw fired home off the back of a Kieran Trippier cross just before the second minute,
Two public sector giants in India’s energy sector have come together to set up offshore wind energy projects. According to media reports, power generation company NTPC Limited and oil and gas exploration company ONGC Limited have announced a partnership to set up offshore wind energy projects. The two companies signed a memorandum of understanding last
Fans have been pictured breaking through security barriers at Wembley and running into the ground ahead of the Euro 2020 final. Dozens of people could be seen suddenly running into the area underneath the stands and up the stairs as staff wearing hi-vis jackets tried to stop them but were overwhelmed. It is believed up
Oh, those pesky wind turbines, running around the countryside cluttering up the landfills with their big old unrecyclable blades. That’s the picture drawn by critics, but not for long. A new scheme is afoot that takes the old blades from a wind turbine and recycles them into new energy storage systems for wind and solar
Novak Djokovic has won Wimbledon to match Roger Federer and Rafa Nadal’s record of 20 major titles. The 34-year-old Serbian beat Italian Matteo Berrettini in four sets – meaning he has also completed the third leg towards achieving the Golden Slam of all four slams and an Olympic gold in the same year. Berrettini, who