OSH may continue bobbing along with others for longer than thought...
Extract: Oil prices slipped on Friday amid growing uncertainty about the global recovery in fuel demand as coronavirus cases surged in several countries, while major producers were set to ease output curbs.
Brent crude futures fell 26 cents to $43.11 a barrel by 0822 GMT. US West Texas Intermediate (WTI) crude dropped 23 cents to $40.52.
The United States reported at least 75,000 new COVID-19 cases on Thursday, a daily record. Spain and Australia reported their steepest daily jumps in more than two months, while cases continued to soar in India and Brazil.
Surges in coronavirus infections are slowing a recovery in fuel use and raising concern that it could be years before consumption rebounds from the impact of the pandemic.
The two benchmark crudes fell 1 per cent on Thursday after the Organization of the Petr ..
Shell believes that the UK government could bring forward its timeline to ban the sale of new gasoline and diesel vehicles as early as in 2030, with the “the right policy and incentives,” Sinead Lynch, UK Country Chair at Shell, said on LinkedIn.
The UK government is currently consulting whether to move up the date for phasing out sales of diesel and gasoline-powered cars, including hybrids, from the original plan of 2040 to 2035 or sooner.
The Committee on Climate Change (CCC), the UK’s top advisory panel on climate change, said in its annual report to Parliament last month that the UK should rebuild the economy by turning it greener, and called on the government to bring forward the date for phasing out the sale of gasoline and diesel vehicles to 2032 at the very latest.
