Thursday, 6 February 2025

Focus on Oil

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Canada unions brace for 2025 labor crunch in oil sands maintenance season

Trade union officials are warning of a labor crunch in Canada's oil sands during Alberta's 2025 turnaround season as construction takes off on...

Solar panels in a field.
AnalysisEconomyElectricityFuelLiquefied Natural GasNatural GasOilOpinionPoliticsSolarTransmissionWind

Opinion: How ideology is darkening the future of renewables in Alberta

Opinion: Those advocating for a green transition have, in recent years, had to contend with not just economic or political resistance, but ideological...

BusinessEconomyNewsOilPoliticsTradeTransmissionTransport

US sanctions impacting Sovcomflot’s ability to trade, CEO of Russian tanker group says

The U.S. imposed sanctions on Sovcomflot as Washington seeks to reduce Russia's revenues from oil sales that it can use to support its...

BusinessNewsOil

BP starts oil production at new offshore platform in Azerbaijan

New platform is the seventh oil production platform installed in the giant Azeri-Chirag-Gunashli field in the Caspian Sea.

AnalysisConstructionIn-DepthMineralsOilTrade

China’s iron ore imports rise as inventories build: Russell

LAUNCESTON, Australia (The opinions expressed here are those of the author, a columnist for Reuters.) Iron ore has emerged as the surprise in...

AnalysisFuelIn-DepthOilPoliticsTrade

Analysis – Biden unlikely to cut Iran’s oil lifeline after Israel attack

Iran's missile and drone strike on Israel is unlikely to prompt dramatic sanctions action on Iran's oil exports from the Biden administration due...

AnalysisBusinessEconomyEmissionsOil

Has the post-Covid rebound for oil demand runs its course? Analysis from the IEA

Analysis from the IEA: Chinese demand growth and considerable progress on the deployment of clean energy transition technologies mean that the oil market...

BusinessCourtsFinanceNewsOil

Russian court orders Glencore to pay shares worth 114.8 million euros in Sberbank lawsuit

The payments include 0.57% of shares of Russia's largest oil producer Rosneft and 10.55% of EN+ Group MKPAO, owned by Glencore Group Funding...

AnalysisIn-DepthOil

Russia restoring oil refining capacity knocked out by drones

Russia has been able to swiftly repair some of key oil refineries hit by Ukrainian drones, Reuters calculations showed.

BusinessNewsOil

Oil prices fall after Iran attack as market draws down risk premium

Brent futures for June delivery fell 50 cents, or 0.5%, to $89.95 a barrel, while West Texas Intermediate futures for May delivery were...

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