Monday, July 28, 2025
Oil falls on concerns over storage, weakening economies- oil and gas 360

Oil falls on concerns over storage, weakening economies

Reuters LONDON – Oil prices fell on Monday, with a U.S. crude futures contract hitting its lowest level since 1998, as concerns that U.S. crude storage will soon be full and bleak economic data hit sentiment. Brent LCOc1 was down $1.18, or 4.2%, at $26.90 a barrel by 1321 GMT, while the front-month May WTI contract CLc1 fell $5.88, or

The coronavirus crisis means we may have already reached peak carbon- oil and gas 360

The coronavirus crisis means we may have already reached peak carbon

CNBC The coronavirus crisis will likely lead to the largest ever decline of global carbon emissions on record, according to research from Goldman Sachs, illuminating the potential for a long-term low carbon recovery. The Covid-19 outbreak has meant countries around the world have effectively had to shut down, with many governments imposing draconian restrictions on the daily lives of billions