Around the world, people are already living through the havoc brought on by global temperatures that are breaking records. It’s about to get a lot worse. ›

SINGAPORE, May 30 (Reuters) – Oil prices eased on Thursday after resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand. ›

BRUSSELS, May 29 (Reuters) – Four central European countries have stepped up pressure on Brussels to act against Germany over a gas tariff they say undermines their energy security, a document seen by Reuters showed. ›

NEW DELHI, May 29 (Reuters) – Oil prices rose in Asian trading on Wednesday on expectations major producers will maintain output cuts at a meeting this Sunday, and that fuel consumption should begin rising with the start of the peak summer demand season. ›

LONDON, May 28 (Reuters) – Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2 meeting and hopes of strong U.S. summer fuel demand balanced concern about higher-for-longer U.S. interest rates. ›

Equinor and its partners in the North Sea Troll gas field, Europe’s largest, will invest 12 billion Norwegian crowns ($1.13 billion) to further boost production, the Norwegian energy company said on Friday. ›

Oil prices eased for a fourth straight session on Thursday after the minutes of a U.S. Federal Reserve meeting revealed discussions of a further tightening of interest rates if inflation remained sticky, a move that could hurt oil demand. ›

Oil prices fell for a third straight session on Wednesday on expectations the Federal Reserve might keep U.S. interest rates higher for longer due to sustained inflation, potentially impacting fuel use in the world’s largest oil consumer. ›

Oil prices extended losses in Asia trade on Tuesday, with investors anticipating lingering U.S. inflation and higher interest rates to depress consumer and industrial demand. ›