Iran expects to sell as much as 2.3 million bpd of oil starting in March of 2021, a level not reached since May 2018 when U.S. sanctions took effect.
Spanish utility Iberdrola and Italian power company Enel are the green energy market’s fastest growing giants, with market values rivaling oil majors Exxon and BP thanks to early bets on wind and solar farm development.
Amazon is developing 26 wind and solar energy projects totaling 3.4 gigawatts of production capacity to power the company’s corporate offices, fulfillment centers and data centers.
China slightly upped its climate goals by 2030, including a 5% increase in emissions reductions per unit of gross domestic product.
Heavy snows are expected in East Coast cities starting Wednesday, as a large weather system sweeps up the mid-Atlantic.
The value of warehouse properties, which comprise 20% of global commercial real estate investments this year, may be reaching a “bubble” stage as industrial property valuations are up 8.5% during the pandemic.
Passenger-to-freighter conversion firms are capitalizing on the rush among airlines to convert old passenger jets into freighters.
Thinning Arctic ice made the 2020 navigation season for natural gas tankers the longest on record, a result of persistently warmer-than-average temperatures throughout the year.
Japanese transport company MOL will transport coal to a power company using a wind-powered vessel.
Logistics conditions continue to deteriorate, with trucking demand exceeding availability, growing congestion at ports, and backlogs at warehousing and packaging facilities due in part to operating challenges related to the pandemic. Shipping containers are in short supply, with demurrage charges rising. Clients are advised to provide expanded lead times on orders to help ensure delivery dates.
The U.S. set new records for one-day COVID-19 cases (231,700), fatalities (3,300) and total hospitalizations (108,108) over the weekend.
After adding 1 million cases in just four days, total U.S. COVID-19 cases have surpassed 16 million.
While Airbnb and the lodging industry have made a slow recovery from the pandemic…
…the performing arts sector has failed to recover at all:
Deutsche Bank AG is considering moving some of its nearly 5,000 Manhattan staff to other hub cities across the U.S. due to the possibilities of remote work, while Oracle is moving its headquarters from Silicon Valley to Texas.
Peru is halting trials of a Chinese COVID-19 vaccine after a patient suffered unidentified health problems, while Bahrain has approved the same vaccine.
Officials in the Philippines say inoculating a planned 60 to 70 million people will take from two to five years.
After meeting Sunday to discuss whether it was worth keeping negotiations going, U.K. and European Union trade officials will continue talks on a Brexit deal until December 31, one day before deadline.
Japanese manufacturing sentiment improved for the second straight quarter due to a recovery in exports and production, a central bank survey shows.
South Korea-based Hyundai Motor announced a 40% increase in spending on developing electric and fuel cell vehicles over the next five years.
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