Canada will spend C$320 million to support its offshore oil industry in Newfoundland and Labrador, which has struggled as coronavirus pandemic travel restrictions reduced demand, the government said on Friday.
Canada will spend C$320 million to support its offshore oil industry, which has struggled as pandemic travel restrictions reduced demand, Natural Resources Minister Seamus O'Regan said on Friday. Details of how the funds may be used were not immediately available.
Introducing new partnership with SkyNRG, pioneer and global leader in sustainable aviation fuel Success of its current sustainability plan, which has seen 80% of Members join plan to reduce carbon footprint Technology-led optimization, reducing fuel consumption by an average of 8% per flight since January 2020 LONDON, Sept. 23, 2020 -- VistaJet, the first and only global business aviat...
Predicting oil demand has rarely been more challenging, buffeting prices and muddying the outlook for traders, investors and energy producers. Energy analysts are mapping out the course of the coronavirus and efforts to stop the pandemic, including limits on flights, cruises and the use of public transportation. They are also grappling with the effects on fuel demand of an economic downturn, rising unemployment, and changing patterns of work, study and travel.
Canada's main stock index edged up on Friday after data showed a rise in retail sales and an uptick in house prices, but a fall in shares of oil producers capped gains. * The energy sector dropped 1.5% as crude prices fell after Libyan commander Khalifa Haftar said a blockade on Libyan oil exports would be lifted for one month.
* MOODY'S SAYS MOST MEXICAN CORPORATES HURT BY LOWER ECONOMIC GROWTH AND PANDEMIC OUTBREAK. * MOODY'S SAYS EXPORT AND TOURISM-DEPENDENT SECTORS TO REMAIN UNDER ECONOMIC STRESS BEYOND 2021 FOR MEXICO. * MOODY'S SAYS MEXICO'S TOURISM SECTOR WILL NOT RETURN TO PRE-PANDEMIC ACTIVITY UNTIL 2023.
Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic's ongoing assault on the global economy. The novel coronavirus hammered fuel demand in the spring, causing consumption to drop by more than one-third as billions of people worldwide restricted their movements.
Persistent damage to the global economy from the coronavirus pandemic will hollow out demand for oil more than previously thought, major industry figures said on Monday. The Organization of the Petroleum Exporting Countries, energy giant BP and commodities trading giant Vitol all made grim forecasts as rising rates of COVID-19 infections sap hopes for quick recovery.
Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic's ongoing assault on the global economy. The novel coronavirus hammered fuel demand in the spring, causing consumption to drop by more than one-third as billions of people worldwide restricted their movements.
Asian markets were expected to fall on Friday in response to declines in technology stocks that began last week and growing concerns about another round of negotiations on the UK's departure from the European Union. "It’s another day of declines, broad-based declines," said Kyle Rodda, a markets analyst at IG Markets. “The other thing today is the narrative with Brexit.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
