Search results for “oil prices”

3 stories for “oil prices”

Environment

Global carbon emissions drop 0.4% in early 2024 amid high oil prices

Global carbon emissions fell by 0.4% in early 2024 due to high oil prices, marking the first decline since 2020, as demand for gasoline and diesel decreased. This dip is fragile and could reverse without...

Ars Technica · 3 days ago · 2 min read

Environment

High oil prices drop CO2 emissions as countries seek alternative energy

High oil prices have led to a significant drop in carbon dioxide emissions from fossil fuels, driven by supply disruptions from the conflict in Iran. This shift is prompting countries to seek alternative...

Scientific American · 3 days ago · 1 min read

Markets & Finance

Bank of England raises interest rates to 4%, hints at more increases

UK interest rates have risen to 4%, with the Bank of England indicating further increases may follow due to persistent inflation pressures and rising household energy costs. The decision reflects ongoing...

BBC Business · 8 days ago · 1 min read