Oil companies and their political allies are taking the onus off themselves to make changes to their fossil fuel production, consumption and exploitation practices.
The global benchmark’s prompt timespread was 42 cents in backwardation compared with as high as $4.64 in early March just after the Russian invasion of Ukraine.
Driving has emerged as the socially distant transportation of choice and is offering some relief to an oil market fresh off its worst crash in history.
The Covid pandemic and the ongoing economic crisis have led to severe job losses abroad, prompting thousands to approach the Kerala government to return home.
After the oil-price slump of the mid-1980s, it took two decades for prices to return to their previous levels — longer if you build in the effects of inflation.
The prospect of a strike on Iran in retaliation for an attack that didn’t target Americans or even a country with which the US has a defense treaty is proving divisive in Washington.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
COMMENTS