Oil Prices Pressured by Economy and Climate Action as EU Targets Shipping Emissions
-
Macroeconomic factors continue to weigh on oil prices this week, despite OPEC+ production cuts.
-
UN climate change conference debates calling for full phase-out of fossil fuels, opposed by Saudi Arabia.
-
22 nations commit to tripling global nuclear capacity by 2050 to reach net zero emissions.
-
India resumes purchases of discounted Venezuelan crude after 4-year break.
-
European Union to introduce shipping into Emissions Trading Scheme, affecting tanker rates.