Friday, 24 January 2025

Focus on Fuel

FILE PHOTO: Serbia's President Aleksandar Vucic looks on during a press conference in Belgrade, Serbia, November 6, 2024. REUTERS/Zorana Jevtic/File Photo
FuelNewsOilPoliticsTrade

US mulls sanctions against Serbian oil firm majority owned by Russians, president says

UK and EU sanctions would likely follow, affecting oil shipments through a pipeline from Croatia.

FILE PHOTO: U.S. Treasury Secretary Janet Yellen attends an interview with Reuters Editor in Chief Alessandra Galloni in Washington, U.S., April 25, 2024. REUTERS/Evelyn Hockstein/File Photo
AutomotiveBusinessEconomyLegislationMaritimeNewsOilPoliticsRegulationsTradeTransport

Yellen won’t rule out sanctions on Chinese banks, curbs on ‘dark fleet’ oil tankers

Yellen signals new sanctions on Russian oil and Chinese banks to curb funding for the Ukraine war amid a softer oil market.

A driver checks the line as he waits for gasoline in Havana, Cuba, December 13, 2024. REUTERS/Alexandre Meneghini
AutomotiveEconomyNatural GasNewsOilPoliticsTradeTransport

Cuba runs short on fuel at pump as energy crisis festers

Cuba faces severe fuel shortages, with closed gas stations and long lines, compounding the impact of recent blackouts.

FILE PHOTO: A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022.  REUTERS/Brendan McDermid/File Photo
BusinessClimateCoalEmissionsEnvironmentFinanceNatural GasNewsOil

US House panel finds BlackRock, other asset managers leery of joining climate initiative

U.S. asset managers avoided climate initiatives fearing regulatory scrutiny, as GOP alleges a "climate cartel" collusion scheme.

FILE PHOTO: Trafigura logo is seen in this illustration taken, April 23, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
Critical MineralsFuelMineralsNewsOil

Trafigura net profit, equity drops after Mongolia fraud

As its earnings fall, the Geneva-based firm faces possible fines as a result of a corruption trial in Switzerland.

The Stratos Direct Air Capture Facility (DAC), a joint venture between Occidental Petroleum (OXY) and asset manager BlackRock, is seen in Ector County, Texas, U.S., July 28, 2024.  REUTERS/Adrees Latif/ File Photo
BusinessCarbon ManagementElectricityFuelInfrastructureNews

Earthquakes and blowouts undermine case for carbon storage in Texas

Carbon sequestration is vital to U.S. government goals to reduce emissions that cause global warming.

FILE PHOTO: Steam rises during a test from a well at the Coso geothermal field at the China Lake Naval Air Weapons Station in China Lake, California July 31, 2008. Picture taken July 31, 2008.  REUTERS/Fred Prouser/File Photo
BusinessElectricityFuelGeothermalNatural GasNewsOil

Shale drilling techniques could lead to a geothermal surge, IEA says

Geothermal is suited to providing the massive amounts of stable energy data centres require, according the the head of the IEA.

FILE PHOTO: Model of LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
FuelLiquefied Natural GasNatural GasNews

Venture Global’s Plaquemines plant to produce first LNG ahead of controversial long commissioning

U.S. regulators gave Venture Global permission on Thursday to commission its sixth of 18 blocks at Plaquemines.

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