Global oil demand to hit pre-virus level next year, IEA says
Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted, urging OPEC and its allies to keep markets balanced…
South Africa sells state airline to private-equity venture
South Africa agreed to sell a majority stake in the country’s grounded national carrier to a local jet-leasing company and private-equity firm, ridding the government…
Ireland’s Donohoe says deal can be made on Brexit protocol
The U.K. and EU can still reach an accord on the Brexit deal’s Northern Ireland protocol, Ireland’s finance minister said.
China is racing to build coal storage capacity as prices soar
China’s authorities are accelerating efforts to build infrastructure to store reserves of coal after southern cities endured a new power crunch and with prices of…
U.K. economic growth accelerated in April as lockdown eased
The U.K. economy gathered momentum in April as shops, hairdressers and restaurants serving outdoors re-opened for business after months of lockdown to fight the coronavirus.Gross…
Anglo’s coal retreat may boost South African fossil-fuel output
Under pressure from investors and environmentalists, Anglo American Plc exited its South African coal business this week, but the spinoff could have an unforeseen outcome:…
Electric flying taxi backed by United Airlines unveiled in L.A.
United Airlines-backed startup Archer Aviation Inc. unveiled its future electric aircraft in traffic-choked Los Angeles, one of the cities where the company anticipates it will…
Naftogaz CEO pressing U.S. to block Nord Stream 2 completion
The head of the Ukraine’s state-owned oil and gas company was in Washington this week to deliver a message to U.S. lawmakers that allowing the…
Yellow Corp. defends Covid-aid loan in response to House inquiry
Trucking company Yellow Corp. said there was nothing inappropriate about the $700 million pandemic relief loan it received, and that it will “conclusively” confirm that…
Continental appoints leaders for US truck tire organization
• Tom Fanning responsible for Truck Tires, U.S. market • Scott Pall appointed head of Sales, Truck Tires, U.S. market • Carolina Wagner appointed head…
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