Historically, the prices of two of the world’s biggest commodities, crude oil and iron ore, are strongly correlated, which is hardly surprising given that they are the lifeblood of the global economy including in the transport, industrial production and construction sectors. However, the past few we...

As part of a policy to support and finance a net-zero transition, HSBC will stop funding new oil and gas field developments and related infrastructure, the banking giant said on Wednesday. In an update on its energy policy, the bank said, “We will no longer provide new lending or capital markets fin...

Estonia is under pressure to abandon its threat to veto a US-advocated cap on the price of Russian oil exports that it believes is set too high to have an impact on the Russian war machine. The level of the cap on the price of seaborne oil has been the subject of fraught negotiations within both the...