By Reuters Staff
5 Min Read
(Reuters) - A landmark ruling on Wednesday by a Dutch court ordering Royal Dutch Shell to drastically cut its planned greenhouse gas emissions could impact the United States where most of the world’s climate cases are being litigated.
FILE PHOTO: The Royal Dutch Shell logo is seen at a Shell petrol station in London, January 31, 2008. REUTERS/Toby Melville/File Photo
About 1,375 lawsuits seeking relief from climate change have been filed in U.S. courts, compared to about 425 in other various countries, according to the Sabin Center for Climate Change Law at Columbia Law School.
3 Min Read
LONDON (Reuters) -Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman Sachs said the case for higher prices remains intact even with increased Iran exports.
FILE PHOTO: A closed petrol pump is seen in Chuquiaguillo, on the outskirts of La Paz, Bolivia, November 17, 2019. REUTERS/David Mercado
Brent crude oil futures for July rose $1.25, or 1.9%, to $67.69 a barrel by 0950 GMT, while U.S. West Texas Intermediate for July was at $64.73 a barrel, up $1.15, or 1.8%.
Oil prices fell almost 3% last week after Iran’s president, Hassan Rouhani, said the United States was ready to lift sanctions on his country’s oil, banking and shipping sectors.
Mexico's President Andres Manuel Lopez Obrador said on Monday that Royal Dutch Shell Plc has finalized the sale of a 100% stake in the Deer Park refinery in Houston to its joint-venture partner, the Mexican state oil firm Pemex.
Portfolio managers trimmed their bullish positions in petroleum last week for the second week running, after prices again failed to break through the recent ceiling around $70 per barrel.