February 14, 2022

Nasdaq LONDON, Feb 14 – European banks are providing billions of dollars of funding to expand oil and gas production, a report on Monday showed, despite International Energy Agency guidance against new facilities in order to slow global warming. Last year, 25 of the region’s leading banks collectively provided $55 billion to energy companies planning to expand oil and gas production, responsible

CNBC Energy ministers representing Egypt and Cyprus on Monday said they were deeply concerned about the potential for oil prices to climb above $100 a barrel. It comes at a time when more than a dozen countries have urged their citizens to leave Ukraine amid warnings of an imminent Russian invasion. International benchmark Brent crude futures soared to a new seven-year high