Focus on News
US, UK unveil widespread sanctions against Russia’s energy sector
US and UK sanction Russia’s energy giants, including Gazprom Neft, just days before Joe Biden’s term ends.
US targets Venezuela oil company chief, others with sanctions
US sanctions target Venezuela's PDVSA chief Obregon amid Maduro's claims of economic war and resilience.
Black Sea oil spill widens, Russian authorities say
Approximately 2,400 metric tons of oil products have spilled into the sea since Dec. 15.
UK gas reserves ‘concerningly low’: Biggest supplier
The government is "confident" the country "will have a sufficient gas supply and electricity capacity to meet demand this winter."
Canada’s Imperial Oil says senior executive to leave for Exxon Mobil
In 2023, Imperial Oil had said it would invest C$720 million ($539 million) to construct Canada's largest renewable diesel facility.
Constellation Energy to buy Calpine in blockbuster $16.4 billion US power deal
The deal comes at a time when electricity demand is expected to rise to record highs.
US insurers slump as Los Angeles wildfire loss estimates hit $20 billion
Insurers are expected to face catastrophe-related claims worth billions of dollars from the LA wildfires.
BYD steps up Europe expansion with new compact SUV
The launch comes two months after the European Union approved increased tariffs on Chinese-built EVs.
WMO confirms 2024 was hottest year on record
"We saw extraordinary land and sea surface temperatures, extraordinary ocean heat, accompanied by very extreme weather."
JPMorgan upgrades YPF, expecting further growth for Argentine energy sector
In 2024, YPF's shares soared more than 150% amid a major rally in Argentine stocks.
