Wednesday, 22 January 2025

Focus on Fuel

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.

Attendees walk through the main entrance during the Consumer Electronics Show in Las Vegas on January 10, 2025 (AFP)
BusinessCarbon ManagementElectricityNewsNuclear PowerSmall Modular Reactors

Tech sector’s energy transition draws attention at Vegas show

CES signals a shift as tech and energy sectors converge to tackle soaring power demands from AI and cloud computing.

AnalysisAviationBusinessEmissionsEnvironmentRegulationsSustainable Aviation Fuel

Five ways to make aviation more sustainable right now

Aviation, though only 2.5 per cent of emissions, demands urgent sustainable steps to curb growth and meet net-zero goals.

AnalysisBusinessEconomyNatural GasPoliticsRegulations

How will natural gas factor in to Maine’s cleaner energy future?

Maine's Public Utilities Commission said it will open inquiry to evaluate how natural gas fits into state’s climate goals.

FILE PHOTO: Steam rises from chimneys of the Gazprom Neft's oil refinery in Omsk, Russia November 18, 2022. REUTERS/Alexey Malgavko/File Photo
Natural GasNewsOilPoliticsRegulationsTrade

Russia says it will continue oil and gas projects despite US sanctions

Russia slams new US oil and gas sanctions as a hostile move, vowing to press on with energy projects and foreign policy responses.

FILE PHOTO: Wally Adeyemo, U.S. Treasury Deputy Secretary, speaks via video link during the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 9, 2023. REUTERS/Brendan McDermid/File Photo
BiofuelsBusinessEmissionsNewsRegulationsSustainable Aviation Fuel

US issues partial guidance on clean fuel subsidies, chafing ethanol makers

US releases short-term clean fuel credit guidance but leaves key details unresolved, leaving biofuels groups seeking clarity.

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