Wednesday, 22 January 2025

Focus on Fuel

FILE PHOTO: Signage is seen in front of the cooling towers at Uniper's Ratcliffe-on-Soar power station the day after it was taken offline, in Ratcliffe-on-Soar, Britain, October 1, 2024. REUTERS/Phil Noble/File Photo
BusinessEconomyElectricityNatural GasNewsUtilities

Berlin considers full Uniper exit, targets deal after summer, sources say

Germany considers selling its full Uniper stake, exploring re-IPO or private equity sale amid post-crisis recovery plans.

FILE PHOTO: The LyondellBasell refinery, located near the Houston Ship Channel, is seen in Houston, Texas, U.S., May 5, 2019.  REUTERS/Loren Elliott/File Photo
AutomotiveBusinessEconomyFinanceNewsOilPolitics

US oil refiners brace for a tough year as investor sentiment turns negative

Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that Trump may slap tariffs on...

FILE PHOTO: An employee counts Russian 1000-rouble banknotes in a bank office in Moscow, Russia, in this illustration picture taken October 9, 2023. REUTERS/Maxim Shemetov/Illustration/File Photo
BusinessEconomyNewsOilPoliticsRegulationsTrade

Russian rouble slips as oil price and forex action limit sanctions impact

Rouble weakens as U.S. sanctions target Russian oil firms, while rising oil prices and yuan forex sales offer support.

Russian President Vladimir Putin, Turkish counterpart Recep Tayyip Erdogan and eastern European leaders inaugurated the TurkStream pipeline in Istanbul in January 2020 (AFP)
BusinessInfrastructureNatural GasNewsPoliticsTradeTransmissionUtilities

Russia says Ukraine targeted infrastructure of gas pipeline to Turkey

Russia accuses Ukraine of drone strike on TurkStream gas pipeline as Kyiv halts Russian gas transit, escalating energy tensions.

Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessEconomyNewsOilPoliticsRegulationsTrade

Oil hits more than 3-month high as US sanctions hit Russia exports

By Scott DiSavino NEW YORK (Reuters) – Oil prices climbed about 2% to a four-month high on Monday on expectations that wider U.S....

American Airlines planes are seen at gates at LaGuardia Airport ahead of the Thanksgiving holiday, in New York City, U.S., November 21, 2023.  REUTERS/Shannon Stapleton/File Photo
AviationBusinessClimateEmissionsNewsReportsSustainable Aviation Fuel

Projected air travel growth runs counter to climate goals, study says

The airline industry, which accounts for about 2.5 per cent of global carbon emissions, has vowed to use more sustainable aviation fuel.

Ligovsky Prospect, Tutunciftlik, Izmit, Turkey, December 15, 2019. REUTERS/Yoruk Isik
BusinessEconomyNewsOilPoliticsTrade

Tougher U.S. sanctions to curb Russian oil supply to China and India

US sanctions on Russian oil force China and India to seek Middle Eastern, African supplies, spiking prices and freight costs.

FILE PHOTO: The Druzhba oil pipeline between Hungary and Russia is pictured at the Hungarian MOL Group's Danube Refinery in Szazhalombatta, Hungary, May 18, 2022. REUTERS/Bernadett Szabo//File Photo
BusinessElectionsFuelNatural GasNewsOilTrade

Hungary plans talks with allies to combat higher oil prices after new US sanctions on Russia

Hungary will talk with allies to address higher oil prices due to new US sanctions on Russia's energy sector.

In this photo taken from video released by Russian Emergency Ministry Press Service on Saturday, Jan. 11, 2025, rescuers and volunteers work to clean up tons of fuel oil that spilled out of two storm-stricken tankers more then three weeks ago in the Kerch Strait, in Russia's southern Krasnodar region. (Russian Emergency Ministry Press Service via AP)
EnvironmentFuelNewsOilPolitics

Russia forms an emergency task force as Kerch Strait oil spill continues to spread

An emergency team arrives in Russia's Krasnodar as the Kerch Strait oil spill from tankers spreads after a month.

Login into your Account

Please login to like, dislike or bookmark this article.