Focus on Oil
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.
Cocoa tops global commodities rally for 2nd year, steel ingredients struggle on China demand
Cocoa and coffee prices surged in 2024 due to global supply deficits, while steel-making coal struggled amid China's slow growth.
Judge in Citgo share auction rejects bid to block Gramercy fund lawsuits
A U.S. judge allows lawsuits by three firms to proceed, potentially impacting the auction of Citgo's parent company shares.
Owner seeks release of oil tanker seized in Finland cable probe
The owner of the seized oil tanker Eagle S, suspected of damaging undersea cables in the Baltic Sea, is seeking its release.
US agency takes steps to protect Nevada mountains from energy development
Biden moves to shield 264,442 acres in Nevada's Ruby Mountains from oil, gas, and geothermal development for 20 years.
Shell shuts down oil processing unit to investigate leak, Singapore’s port authority says
Shell estimates that a few tonnes of refined oil products, along with cooling water discharge used in the refining process, have leaked.
Big Oil backtracks on renewables push as climate agenda falters
Major European energy companies are slowing and sometimes reversing their renewables investments.
New York to fine fossil fuel companies $75 billion under new climate law
The law is intended to shift some of the costs of climate change from individual taxpayers to fossil fuel firms.
