Yearly Archives: 2022

U.S. NHC says Potential Tropical Cyclone One to become storm by late Friday

(Reuters) - Potential Tropical Cyclone One is expected to become a tropical depression on Friday and a tropical storm later in the day or...

What is windfall tax on oil companies?

Crude oil price is rising. As the burden on people's pocket is increasing, experts are suggesting one-time 'windfall tax' on companies that have profited from the price rise. What is 'windfall tax'?

OPEC+ to stick to oil rise plan despite EU sanctions -sources

DUBAI/LONDON, June 1 (Reuters) - OPEC+ is set to stick this week to its monthly modest oil output increases despite seeing tighter global markets,...

Ukraine war, pandemic set to speed Europe’s green energy transition, report finds

BRUSSELS, June 2 (Reuters) - Most European Union countries have boosted their renewable plans since 2020, putting them on course to cut fossil fuel...

Tight Asia capacity limits room for new LNG ships – Korea Shipbuilding exec

By Joyce Lee and Florence Tan SEOUL (Reuters) - Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2...

Oil Down, Investors Await OPEC+ Meeting

Oil was down on Thursday morning in Asia, falling by around $3 a barrel in early Asian trading. Investors cashed in on a recent...

Oil prices skid $3 a barrel as investors take profits ahead of OPEC+ meeting

By Yuka Obayashi TOKYO (Reuters) - Oil prices fell by around $3 a barrel in early Asian trade on Thursday as investors cashed in on...

GameStop quarterly revenue beats estimates on higher demand for video games

(Reuters) -GameStop Corp reported first-quarter revenue that exceeded market expectations on Wednesday, as the video game retailer pivots toward a more online-focused model amid...

Oil prices slide after report Saudi Arabia could step up if Russian output dips under sanctions

Oil prices dropped more than 2% following a report that Saudi Arabia is prepared to raise crude production if Russia’s output significantly falls following...

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