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BusinessFuelNewsOilTrade

Ample supply, slow demand to temper oil price gains in 2025

31 economists and analysts predicted that Brent crude would average $74.33 per barrel in 2025.

Vets believe Hilda could help accelerate the dairy industry’s journey to net zero (Phil Wilkinson/SRUC/PA)
AgricultureClimateEmissionsEnvironmentIndustryNewsResiliency

Birth of IVF calf hailed as ‘significant’ step in making UK dairy industry greener

The calf, named Hilda, is part the Dumfries-based Langhill Herd, which has been a source of data for the UK dairy industry for...

Flames rise from a Tesla Cybertruck after it exploded outside the Trump International Hotel Las Vegas, in Las Vegas, Nevada, U.S., January 1, 2025 in this screengrab taken from a social media video. Alcides Antunes/via REUTERS
Electric Vehicles (EVs)NewsRegulations

Tesla Cybertruck explodes outside Trump Las Vegas hotel, killing one

A Tesla Cybertruck exploded outside the Trump Hotel in Las Vegas on New Year's Day, killing one and injuring seven others.

This photo taken from a video released by the Russian Southern Transport Prosecutor's Office, shows a Volgoneft-212 tanker wrecked by a storm in the Kerch Strait, Russia, Sunday, Dec. 15, 2024. (The Russian Southern Transport Prosecutor's Office via AP)
ClimateEmissionsEnvironmentMaritimeNewsOilRegulations

Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches

Russian officials warn of severe environmental damage as over 10,000 volunteers clean up a massive oil spill in the Kerch Strait.

Thick plumes of smoke at times clouded major cities including Brasilia, Rio de Janeiro and Sao Paulo last year (AFP)
BiodiversityClimateClimate FinanceEmissionsEnvironmentIndigenousNewsUnited NationsWeather

Brazil’s Amazon saw highest number of fires in 17 years: agency

In 2024, Brazil's Amazon saw 140,328 fires, the highest in 17 years, amid a lengthy drought and ongoing deforestation efforts.

FILE PHOTO: A person uses clothing to protect themselves from the sun, as they walk on the Bund on a hot day, in Shanghai, China May 15, 2023. REUTERS/Aly Song/File Photo
ClimateEmissionsEnvironmentNewsUnited NationsWeather

In 2024, China saw warmest year in decades

China recorded its warmest year on record in 2024, with an average temperature of 10.92 degrees Celsius, impacting energy and agriculture.

FILE PHOTO: A gas worker walks between pipes in a compressor and distribution station of the Urengoy-Pomary-Uzhgorod gas pipeline, some 30 km (19 miles) from the south western Russian city of Kursk January 4, 2006. REUTERS/Sergei Karpukhin/File Photo
BusinessEconomyInfrastructureNatural GasNewsPoliticsRegulationsTradeTransmissionUtilities

Russian gas era in Europe ends as Ukraine stops transit

Russia has halted gas exports to Europe via Ukraine as the transit deal expired on January 1, 2025, ending a decade-long route.

Sustainable aviation fuel is made from sources such as agricultural waste and used cooking oil (Steve Parsons/PA)
AviationBusinessClimateEmissionsEnvironmentLegislationNewsRegulationsSustainable Aviation Fuel

UK’s lower-carbon jet fuel mandate comes into force

UK's SAF mandate starts Jan 1, 2025, requiring two per cent sustainable jet fuel, rising to 10 per cent by 2030 and 22...

FILE PHOTO: Pennsylvania Governor Josh Shapiro looks on as he speaks at Pennsylvania Department of State’s press briefing, after polls close, on the day of the 2024 U.S. presidential election, in Harrisburg, Pennsylvania, U.S., November 5, 2024. REUTERS/Rachel Wisniewski/File Photo
BusinessElectricityNewsPoliticsRegulationsUtilities

PJM responds to Pennsylvania Governor’s complaint over power market rules

PJM Interconnection responded to PA Governor Shapiro's complaint, citing power shortages due to rapid data center expansion.

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