Jack Wittels

Money managers are slashing wagers against Europe’s diesel benchmark.

(Bloomberg) -- Captain Avhilash Rawat had just finished dinner when an anti-ship ballistic missile smashed into his oil tanker. Most Read from Bloomberg

Captain Avhilash Rawat had just finished dinner when an anti-ship ballistic missile smashed into his oil tanker.

Brent for February settlement rose 1% to $71.94 a barrel at 11:12 a.m. in London.

(Bloomberg) -- Oil climbed as China’s leaders used their most direct language on stimulus in years, while traders are also keeping an eye on developments in the Middle East.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitBrent gained as much as 1.5% — briefly breaching $72 a barrel — and West Texas Intermediate also ro

by Bloomberg | Maggie Eastland and Jack Wittels | Monday, December 09, 2024 | 4:07 PM EST

(Bloomberg) -- Oil rose as simmering geopolitical tensions and the prospect of sanctions on Russia and Iran countered projections for a supply glut next year. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamWest Texas Intermediate futures advanced about 1% to top $70 a barrel, heading for a

An enormous ore carrier has become the largest vessel yet to harness the wind, another baby step in the industry’s efforts to cut its fuel bills and carbon emissions.

A European Union rule designed to cut greenhouse gas emissions from shipping is about to start adding to the industry's fuel bills.

‘There's definitely an uptick in the adoption of wind propulsion and not just rotor sails, but other technologies too.'