Business
Renewables group Orsted replaces CEO to arrest share price slump
Orsted's shares were down 0.2% at 1010 GMT, slightly underperforming Europe's blue-chip stock index.
OPEC+ likely to stick to oil output hike plan, sources say
By Maha El Dahan, Ahmad Ghaddar and Olesya Astakhova LONDON (Reuters) -OPEC+ agreed to stick to its policy of gradually raising oil output...
China Evergrande’s EV unit says struggling to attract investors amid liquidity crisis
(Reuters) – China Evergrande New Energy Vehicle said on Monday it is struggling to attract strategic investors amid a severe liquidity crisis, which...
Colombia’s Ecopetrol renews joint venture with Occidental Petroleum in Permian basin
BOGOTA (Reuters) – Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental...
Oil prices rise amid US tariff threat but still set for weekly loss
Trump has threatened to impose a 25% tariff as early as Saturday on Canadian and Mexican exports to the United States.
Tesla shares rise in Frankfurt despite earnings miss
Tesla's market value has jumped with the election of U.S. President Donald Trump, a close ally of CEO Elon Musk.
Norway’s wealth fund sticks to investments in renewables despite market setbacks
The fund sees offshore wind as still the best strategic target, as it is Europe-based and offers a large series of partners.
Shell annual profit drops to $16 bn as oil prices fall
In late 2024, Shell announced it was cutting hundreds of jobs from its oil and gas exploration division to reduce costs.
Baker Hughes enters supply agreement with Venture Global
As Big Tech pours billions of dollars into AI technology, the demand for electricity to feed power-hungry data centers has grown.
EVs becoming ‘normalised’ as almost half of UK consumers know an owner – survey
Some 49% of 4,000 people surveyed in Britain either own an EV or know someone who does, according to new research.
Oil steady as markets await clarity on tariffs by Trump on Canada, Mexico
Analysts say traders have already priced in Trump's tariffs: "(this is) a major reason why crude oil is trading where it is."
US metal buyers likely to turn to Mideast, Chile as tariffs bite
By Melanie Burton MELBOURNE (Reuters) -U.S. companies will look to the Middle East and India for more aluminium and to Chile and Peru...
Chevron misses earnings estimate as refining posts first loss in four years
The second-largest U.S. oil producer posted total earnings of $3.24 billion for the three months ended Dec. 31.
Tesla expects capital expenditure to exceed $11 billion in 2026, 2027
The company had said in October it expected spending to be between $8 billion and $10 billion in 2026.
Tesla shares rise in Frankfurt despite earnings miss
Tesla's market value has jumped with the election of U.S. President Donald Trump, a close ally of CEO Elon Musk.
Oil steady as markets await clarity on tariffs by Trump on Canada, Mexico
Analysts say traders have already priced in Trump's tariffs: "(this is) a major reason why crude oil is trading where it is."
Chevron partners with Engine No. 1, GE Vernova to power US data centers
(Reuters) -Oil and gas producer Chevron said on Tuesday it plans to build natural gas-based power plants next to data centers in the...
Shell exits oilsands, boosts stake in Scotford upgrader and Quest carbon facility
The deal will boost Shell's interest in the upgrader and carbon capture facility to 20 per cent.
Manitoba regulator approves hikes in natural gas, northern propane rates
WINNIPEG — Manitobans are going to pay a bit more for natural gas as well as propane used for home heating. The province’s...
Fishers worried by N.S. premier’s musings over lifting oil-exploration moratorium
HALIFAX — Nova Scotia seafood industry representatives voiced concerned Thursday over comments from the premier that he’s open to ending a moratorium on...
Tesla to raise prices of all cars in Canada from Feb. 1, website shows
(Reuters) -Tesla will raise prices of all its cars in Canada from Feb. 1, according to notices on its Canadian website, with prices...
Scotiabank joins major Canadian lenders quitting global climate coalition
Bank of Nova Scotia on Monday joined some of Canada's biggest lenders to walk away from a global banking sector climate coalition.
Tesla loses market share in Sweden, Norway as Musk looms large
OSLO (Reuters) – Tesla lost market share in Sweden and Norway in January, car registration data showed on Monday as the U.S. electric...
Scania tries to breathe life into troubled EV battery maker Northvolt
Four Northvolt workers told Reuters they had seen Scania employees inside the factory in recent months.
Renewables group Orsted replaces CEO to arrest share price slump
Orsted's shares were down 0.2% at 1010 GMT, slightly underperforming Europe's blue-chip stock index.
Scottish court rules against two new North Sea oil and gas fields
Environmental campaigners called the court's decision a "historic win".
Shell annual profit drops to $16 bn as oil prices fall
In late 2024, Shell announced it was cutting hundreds of jobs from its oil and gas exploration division to reduce costs.
China Evergrande’s EV unit says struggling to attract investors amid liquidity crisis
(Reuters) – China Evergrande New Energy Vehicle said on Monday it is struggling to attract strategic investors amid a severe liquidity crisis, which...
Japan’s JERA plans to expand US LNG purchases to diversify energy supply
Japan's JERA to boost U.S. LNG buys to diversify supply, meet AI-driven demand amid Trump's export push.
Tesla to fix software for over 1.2 million imported and China-made cars, says regulator
BEIJING (Reuters) – Tesla will fix software for some imported Model S and X, and China-made Model 3 and Y cars over safety...
LG Energy Solution flags slowing EV demand, posts first quarterly loss in 3 years
LGES plans to cut capital expenditure by up to 30% this year on slowing EV demand growth, after posting a quarterly loss for...
ConocoPhillips takes over as sole operator of gas project in Malaysia, Petronas says
(Reuters) – Malaysia’s Petronas on Thursday said it has officially transferred its contractual right for a cluster of oil and gas fields in...
Colombia’s Ecopetrol renews joint venture with Occidental Petroleum in Permian basin
BOGOTA (Reuters) – Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental...
Iron ore output from Brazil’s Vale slid 4.6% in fourth quarter
By Andre Romani and Marta Nogueira SAO PAULO/RIO DE JANEIRO (Reuters) -Brazilian miner Vale posted on Tuesday its highest annual iron ore production...
Argentina lifts tariffs on low-cost EVs and hybrids, cuts some auto taxes
BUENOS AIRES (Reuters) – Argentina next week will lift import tariffs on some low-cost electric and hybrid vehicles, while cutting taxes on higher-priced...
Argentina logs largest energy trade surplus in 18 years in win for Milei
BUENOS AIRES (Reuters) – Argentina logged its largest energy trade surplus in nearly two decades last year, the energy secretariat said on Tuesday,...
Analysis: Codelco workers fear copper production push hard to maintain
The company is targeting annual production of 1.7 million metric tons by the end of the decade.
Nigeria moves to restart oil production in vulnerable region after Shell sells much of its business
ABUJA, Nigeria (AP) — The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered...
Lesotho’s king pitches green energy to Davos elites
King Letsie III of Lesotho urges global leaders in Davos to invest in his nation's green transition.
Saudi Aramco and Sonatrach cut LPG prices for January
LPG is used mainly as fuel for cars, heating and as a feedstock for other petrochemicals.
Saudi Arabia’s non-oil private sector keeps growing solidly in December, PMI shows
Saudi Arabia's non-oil private sector ended 2024 strong, highlighting progress under 'Vision 2030.'
Iran’s Revolutionary Guards extend control over Tehran’s oil exports, sources say
Iran's Revolutionary Guards have tightened their grip on the country's oil industry and control up to half the exports of Iranian oil.
Oil steady as markets await clarity on tariffs by Trump on Canada, Mexico
Analysts say traders have already priced in Trump's tariffs: "(this is) a major reason why crude oil is trading where it is."
Renault, Volvo electric van unit wins new orders
PARIS (Reuters) – Flexis, a joint venture between automaker Renault and truck maker Volvo Group as well as shipper CMA CGM, said on...
Red tape and rare earths: EU ‘compass’ charts economic future
Promising a “simplification shock”, the EU will unveil a much-anticipated blueprint to revamp Europe’s economic model on Wednesday, as the bloc struggles to...
Iron ore output from Brazil’s Vale slid 4.6% in fourth quarter
By Andre Romani and Marta Nogueira SAO PAULO/RIO DE JANEIRO (Reuters) -Brazilian miner Vale posted on Tuesday its highest annual iron ore production...
Northvolt asks shareholders for $1.3 billion for next two years, sources say
By Marie Mannes, Christina Amann and Emma-Victoria Farr STOCKHOLM/BERLIN/FRANKFURT (Reuters) -Northvolt asked more than 100 shareholders at a meeting this month to provide...
Chevron partners with Engine No. 1, GE Vernova to power US data centers
(Reuters) -Oil and gas producer Chevron said on Tuesday it plans to build natural gas-based power plants next to data centers in the...
Argentina lifts tariffs on low-cost EVs and hybrids, cuts some auto taxes
BUENOS AIRES (Reuters) – Argentina next week will lift import tariffs on some low-cost electric and hybrid vehicles, while cutting taxes on higher-priced...
Japan’s Honda eyes launching sub-$30,000 EV in North America, Nikkei says
TOKYO (Reuters) -Japan’s Honda Motor plans to launch a small electric vehicle priced below $30,000 in North America by as early as 2026,...
DeepSeek breakthrough raises AI energy questions
Having shattered assumptions in the tech sector and beyond about the cost of artificial intelligence, Chinese startup DeepSeek’s new chatbot is now roiling...
Trump’s copper, aluminium tariffs may raise costs for U.S. consumers
MELBOURNE/LONDON (Reuters) – President Donald Trump’s threat to impose tariffs on U.S. copper and aluminium imports will result in higher costs for local...