AJ Impact

Post-coronavirus Amazon: Exploited to reboot economy?

Communities in Peru and Ecuador warn their territory may be exploited as governments reboot coronavirus hit economies.

Indigenous leaders: Help us stop oil companies drilling in Amazon

AJ Impact

Demand dip: Oil prices fall on worries over China's growth rate

Beijing's refusal to set a 2020 GDP growth target dents recent gains in oil prices.

Demand dip: Oil prices fall on worries over China's growth rate

AJ Impact

Oil reaches 2.5-month high on hopes of demand rebound

Brent, the global benchmark, has spiked up $20 a barrel over the past month.

Oil reaches 2.5-month high on hopes of demand rebound

AJ Impact

Shell evacuates foreign staff from Iraq's Basra Gas project

Evacuations in response to worker protest at Basra Gas Co to demand payment of delayed salaries, say Shell executives.

Shell evacuates foreign staff from Iraq's Basra Gas project

AJ Impact

Oil gains on signs of improving demand, drawdown in inventory

The uptick in crude prices has been largely motivated by severe output cuts and the easing of coronavirus lockdowns.

Oil gains on signs of improving demand, drawdown in inventory

AJ Impact

Oil jumps to two-month high on vaccine, economic recovery hopes

West Texas Intermediate and Brent crude both settled above $30 a barrel - their highest since March 11.

Oil jumps to two-month high on vaccine, economic recovery hopes

AJ Impact

Saudi construction giant lays off thousands of workers

Saudi Binladin Group put thousands of employees on indefinite, unpaid leave, sources tell Bloomberg news.

Saudi construction giant lays off thousands of workers

AJ Impact

Oil prices jump as lockdowns ease and supplies tighten

No sign of a repeat of last month's plunge below zero ahead of expiry of June contract for US oil, analysts say.

Oil prices jump as lockdowns ease and supplies tighten

US-Iran escalation

Iran warns US against disrupting fuel shipments to Venezuela

Reports suggest four US Navy warships are in the Caribbean for a 'possible confrontation with Iran's tankers'.

Iran warns US against disrupting fuel shipments to Venezuela

Counting the Cost

Why are some OPEC nations struggling to make any money right now?

Some resource-rich OPEC nations are turning to the International Monetary Fund for emergency loans.

AJ Impact

Saudi oil tsunami closing in on US could tank crude prices again

US oil prices are just beginning to stabilise after an historic rout triggered by crude glut and vanishing storage.

Saudi oil tsunami closing in on US could tank crude prices again

AJ Impact

Oil prices rise on dip in US crude stockpiles and IEA data

The IEA expects crude stockpiles to shrink by about 5.5 million barrels per day in the second half of 2020.

 Oil prices rise on dip in US crude stockpiles and IEA data

AJ Impact

Grim outlook from US Fed chief spreads gloom to oil markets

Oil prices fall around two percent despite signs the crude supply glut may be easing.

Grim outlook from US Fed chief spreads gloom to oil markets

AJ Impact

The world's biggest sovereign wealth fund cracks down on coal

In major climate win, Norway's sovereign wealth fund blacklists Glencore and other commodity giants over coal.

The world's biggest sovereign wealth fund cracks down on coal

AJ Impact

Oil rises as OPEC looks to deepen, extend supply cuts

Saudi Arabia said it would add to existing cuts by reducing output another one million bpd next month.

Oil rises as OPEC looks to deepen, extend supply cuts