With inflation concerns and a cooling Asian market rocking economic conditions, the value of oil continues to decline, resulting in the longest losing streak in over a year. This comes as U.S. benchmark West Texas Intermediate endures its fifth straight day of losses.
The price of crude oil had decreased...
Electricity and gas distributor Enel SpA has decided to accelerate its shift towards greener energy sources with an additional investment of $191 billion in the project. According to documents published on Wednesday, this indicates a 6% increase from the company's previous investment plan.
The Italian multinational gas manufacturer and distributor...
Indoor vertical farming startup Bowery Farming confirmed on Tuesday that it raised $300 million in its latest funding round, led by Fidelity Management & Research Company LLC. This new injection of capital sees the New York-based startup's value inflate to $2.3 billion.
With the coronavirus outbreak shedding light on the...
Jobs in the U.S. energy industry grew by 3.8% last year, the Department of Energy confirmed on Wednesday. Energy jobs growth thereby outpaced overall employment growth.
114,000 energy industry jobs were added over the past year, largely spearheaded by the growing clean energy sector which includes solar power, wind, nuclear,...
Estee Lauder Inc announced its quarterly sales figures late last week, beating analysts' estimates. For the fourth quarter ending June 30, the cosmetics company generated net sales of $3.94 billion, a significant increase from its $2.43 billion in net sales the previous year.
With coronavirus restrictions gradually being eased, more...
Not long after online education company Coursera posted a strong initial public offering for investors, its stock began trading at a very high level with a double-digit gain.
It opened last week on Wednesday at an impressive $39, which was around 18% higher than its initial offering price of $33....
The United States will make an unprecedented release of oil from the Strategic Petroleum Reserve in an attempt to stop the recent surging of gas prices across the nation. The move was announced by U.S. President Joe Biden on Thursday in a speech from the White House.
According to Biden,...
In an effort to propel its fundraising efforts, UAE-based oil firm Adnoc raised $1.64 billion through the sale of stocks and bonds to institutional investors. In an announcement by Abu Dhabi’s state oil firm, the deals were completed on Wednesday and saw "significant demand" from both regional and international...
Oil prices stabilized on Tuesday as China indicated that it would take steps toward providing economic support to its struggling property sector, there helping to restore economic stability to the country.
West Texas Intermediate futures, the U.S. benchmark, continued to hover around $73 per barrel as the Chinese government pressured...
Oil futures on the NYSE exceeded a price of $70 per barrel for the first time in nearly a month, thanks to sustained investor confidence. There seems to be a widespread consensus that the oil market can withstand blows resulting from additional supply from OPEC+ as well as the...