IEA chief criticizes artificial tightness in energy markets, says some failed to help cool prices

Petroleum pump jacks are pictured in the Kern River oil field in Bakersfield, California. Jonathan Alcorn | Reuters The head of the world’s leading energy authority has said that some countries had failed to adopt a helpful position to calm soaring oil and gas prices, criticizing “artificial tightness” in energy markets. “[A] factor I would … Read more

OPEC+ members likely to hold firm on slow oil output, despite international pressure

Oil pumping jacks, also known as “nodding donkeys,” operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil prices have hit their highest levels since 2014, and crude importing countries are feeling the pain. But despite diplomatic pressure, OPEC and its allies are unlikely … Read more

Coronavirus news live: China tells families to ‘stock up’ amid Covid outbreak, Japan’s cases dramatically decline

6.31am GMT06:31 Japan eases Covid curbs Justin McCurry Japan has relaxed restrictions on mass gatherings and is poised to reduce quarantine for business travellers following a dramatic decline in cases of Covid-19. Vaccinated people arriving for business will have to self-quarantine for three days, rather than the current 10, according to public broadcaster NHK, which … Read more

Analysis: China grows more isolated as Asia Pacific neighbors start living with Covid-19

On Tuesday, the northwestern city of Lanzhou, with a population of more than 4 million people, went into lockdown after just six Covid-19 cases were reported there. And this approach seems set to stay, at least for now. Even though some Chinese health officials have suggested a tentative or partial relaxation once vaccination rates hit … Read more

Why is Toyota being sued by supplier Nippon Steel?

Japan’s Nippon Steel Corp is suing customer Toyota Motor Corp to stop it manufacturing and selling vehicles that contain specialised steel made by rival supplier Baoshan Iron & Steel Co Ltd (Baosteel) of China, which it is also suing. It highlights the high stakes for materials producers as technology transforms the auto industry and comes … Read more

Electric vehicles and more: UBS picks the green tech stocks set to outperform

UBS named its “best investment ideas” across U.S. and global green technology stocks, including electric vehicle, battery and renewable energy companies. Source link

Morgan Stanley says these Japanese stocks have the potential to beat the market

People wearing protective face masks walk past a screen displaying Nikkei share average and world stock indexes outside a brokerage, amid the coronavirus pandemic in Tokyo. James Matsumoto | LightRocket | Getty Images Japan’s stock market performance has lagged other developed markets in the U.S. and Europe — but Morgan Stanley says investors should consider … Read more

Coronavirus live news: New Zealand cases drop for second day, Japan blames vaccine contamination on needles

6.26am BST06:26 Melissa Davey A new Covid variant has made headlines around the world after the National Institute for Communicable Diseases in South Africa issued an alert about the “C.1.2 lineage”, saying it had been detected in all provinces in the country, but at a relatively low rate. C.1.2 was first detected in May, the … Read more

Coronavirus live news: Moderna withholds 1.6m vaccines in Japan over contamination concerns, Sydney hospitals struggle to cope

7.02am BST07:02 Summary That’s it from me, Helen Livingstone, for today. I’m handing over to my UK colleague Léonie Chao-Fong. Here’s a quick roundup of what’s been happening so far: Moderna Inc says it has withheld supply of about 1.63 million doses of its Covid-19 vaccine in Japan after a report of contamination of vials … Read more

Japan seeks support for Fukushima nuclear water release

Japan’s government adopted an interim plan Tuesday that it hopes will win support from fishermen and other concerned groups for a planned release into the sea of treated but still radioactive water from the wrecked Fukushima nuclear plant. The government decided in April to start discharging the water into the Pacific Ocean in the spring … Read more