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Global fossil fuel demand has to crater 25% by 2030 if the world is going to meet its climate goals, IEA says

Wed, 09/27/2023 - 14:13

Tech Insider

Fatih Birol, head of IEA — Fatih Birol warned summer could be difficult for energy markets.
Anadolu Agency/Getty Images

Markets, mi-exclusive, Markets, IEA, international-energy-agency, fatih-birol, fossil-fuel

US oil prices surge to their highest level in 2023

Wed, 09/27/2023 - 12:19

Tech Insider

Markets, mi-exclusive, Markets, Oil, crude-oil, west-texas-intermediate, brent-crude

Oil prices nearing $100 a barrel is bad news for inflation — but it's good news for Russia

Mon, 09/25/2023 - 00:27

Tech Insider

Russian President Vladimir Putin delivers key speech during the Russian Energy Week 2022 in Moscow, Russia on October 12, 2022. ( — Russian President Vladimir Putin delivers key speech during the Russian Energy Week 2022.
Kremlin Press Office/Handout/Anadolu Agency/Getty Images

Markets, News, Markets, mi-exclusive, energy, Oil, Russia

How two former Goldman Sachs traders built the No. 1 US coal exporting business

Sat, 09/23/2023 - 06:35

Tech Insider

Two ex-Goldman bankers have made their fortune betting on a non-renewable resource, Bloomberg reported.
Peter Bradley and Spencer Sloan have built a $1 billion commodities firm over the last eight years.
Javelin Global Commodities is now the No. 1 US coal exporter despite the environmental concerns associated with the fuel.

Two former Goldman Sachs traders have built the largest coal-exporting business in America, despite a global push to move away from the controversial fossil fuel.