Crude Oil Dec 23 (CLZ23.NYM)
- Yahoo Finance Video
Renewable energy transition continues to flounder amid climate crisis
Yahoo Finance columnist Rick Newman explains how the battle against climate change is impacting the energy crisis.
- Financial Times
Glencore to accelerate coal mine closures
Glencore expects to shut down 12 coal mines over the next 12 years even as the world’s largest mining company enjoys bumper profits because of high coal prices. The Switzerland-based mining and trading house is among the world’s most profitable coal miners but said on Tuesday that it would accelerate the closure of several mines by 2035 in order to meet its emissions targets. Glencore’s coal business is expected to generate about $16.7bn in earnings before interest, tax, depreciation and amortisation next year, more than half the company’s total.
- Bloomberg
Russia Considers Oil Price Floor in Response to G-7
(Bloomberg) -- Russia is considering setting a price floor for its international oil sales as a response to a cap that the G-7 nations set out last week.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernEx-Deutsche Bank Trader Builds $6 Billion Fortune on Trading BoomThird Russian Airfield Hit by Drone as Moscow Accuses UkraineStocks Hit by Fed-Hike Jitters as US Yields Surge: Markets WrapElon Musk’s Impossible Electric Truck Is Getting the Last Laugh
