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US crude rises 2.2%, settling at $52.61, after OPEC and allies reach deal to cut output
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US crude rises 2.2%, settling at $52.61, after OPEC and allies reach deal to cut output

Oil prices surged higher on Friday after OPEC, Russia and several other producers next year in order to boost the market. The new agreement comes at a time when the oil market is near the bottom of its worst price plunge since the 2008 financial crisis. Oil prices have dropped […]

Bond markets are flashing red and an oil plunge could only make things worse
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Bond markets are flashing red and an oil plunge could only make things worse

Stock markets have been gripped with fear this week over a deteriorating economic growth outlook and questions regarding the U.S.-China trade truce. While investors have typically pointed to the yields on different U.S. government bonds for warning signs on growth, the secondary market of corporate debt may also be a […]

US crude sinks 2.7%, settling at $51.49, after OPEC delays decision on production cut levels
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US crude sinks 2.7%, settling at $51.49, after OPEC delays decision on production cut levels

Oil prices tumbled about 3 percent on Thursday as OPEC reportedly agreed to cut production, but on how much crude the cartel will take off the market. OPEC agreed in principle to cut production during a meeting at its headquarters in Vienna, Austria on Thursday, two sources told Reuters. However, […]

Turbine powerhouse MHI Vestas to supply big offshore wind farm in Scotland
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Turbine powerhouse MHI Vestas to supply big offshore wind farm in Scotland

MHI Vestas Offshore Wind will supply 100 turbines for a 950-megawatt (MW) offshore wind farm in waters off the northeast coast of Scotland. In an announcement Thursday, the business said that it would supply the facility with its V164-9.5 MW turbines. It has signed a “firm turbine supply order” for […]

Tech start-ups in Europe are trying to help migrants
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Tech start-ups in Europe are trying to help migrants

With the number of people displaced worldwide due to conflict and persecution currently standing at 68.5 million, some start-ups are trying to find innovative ways to help. In Europe in 2015, the continent witnessed an influx of migrants and refugees fleeing conflict in the Middle East, particularly the civil war […]