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Oil major Total buys 80% stake in Erebus floating offshore wind project

Oil major Total buys 80% stake in Erebus floating offshore wind project

French energy major Total (PA:TOTF) said on Thursday that it had reached an agreement with renewables energy developer Simply Blue Energy to acquire 80% of the Erebus floating wind project in the Celtic Sea.
Gold Declines as Virus Panic Spurs Sell Off Across Markets

Gold Declines as Virus Panic Spurs Sell Off Across Markets

Gold declined as investors rush to raise cash to cover losses in other markets amid a rout in U.S. stocks, with global leaders striking a pessimistic tone over the likely economic impact of the coronavirus outbreak.
Australia's Macquarie global head of crude trading departs

Australia's Macquarie global head of crude trading departs

The global head of crude trading at Australia's top investment bank, Macquarie Group (AX:MQG), has left the firm, it confirmed on Friday, but did not say why.
Putin Isn’t as Immune to the Oil Crash as He’s Letting On

Putin Isn’t as Immune to the Oil Crash as He’s Letting On

After embarking on an oil price war that shook global markets, Russia has been boasting that it can cope with oil as low as $25 a barrel for the next decade. Economists aren’t so sure.
Gold Feels the Burn as Stocks Jump on Biden’s White House Race

Gold Feels the Burn as Stocks Jump on Biden’s White House Race

The rally in gold paused Wednesday, with stocks jumping instead after former Vice President Joe Biden notched big primary wins over Sen. Bernie Sanders.
Oil Extends Rally as G-7 and OPEC+ Step Up Response to Virus

Oil Extends Rally as G-7 and OPEC+ Step Up Response to Virus

Oil extended its rebound from last week’s slump as global policy makers pledged to safeguard markets from the coronavirus, while OPEC and its allies are expected to deepen production cuts.