ENERGY

Oil prices ended higher after WTI bounced off $76, up to $78, reversing the prior day's losses from concerns about China's economy as Middle East tensions were top of mind for the day.

Meanwhile, "drone attacks on refiners in Russia pose a new, less appreciated, but potentially more damaging threat to global oil product balances," said analysts at J.P. Morgan.

"Since the start of the year, there have been five recorded Ukraine-linked drone attacks on Russian (more…)

By Tsvetana Paraskova of Oilprice.com

Canada’s western provinces have been hit by the worst drought in years and provincial utilities are getting into losses as their hydropower generating capacities are lower amid low reservoir (more…)

Authored by Rystad Energy via OilPrice.com,

• Political changes in over 70 countries will impact oil markets and renewable energy policies.

• Natural gas and hydrogen will play key roles in the ongoing energy transition and meeting global energy needs.

• Renewable energy growth will continue with solar and wind power leading the charge, despite challenges in offshore wind and coal power sectors.

Hot off the heels of another tumultuous and eventful year for the global (more…)