Sunday, 19 January 2025

Focus on Oil

FILE PHOTO: European Union flags flutter on the day European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting in Frankfurt, Germany September 12, 2024. REUTERS/Jana Rodenbusch/File Photo
BusinessCoalEconomyElectricityEmissionsEnvironmentFinanceNatural GasNewsOilRegulationsTrade

EU watchdog frees green bonds from fund naming rules

The EU allows green bond funds to invest in bonds from big polluters, easing previous restrictions and supporting decarbonization efforts.

Ontario Premier Doug Ford, centre, is swarmed by the media as they ask him about finance Minister Chrystia Freeland resigning from Prime Minister Justin Trudeau's cabinet during the fall meetings of Canada's premiers hosted by Ontario in Toronto, Monday, Dec. 16, 2024. THE CANADIAN PRESS/Nathan Denette
BusinessEconomyElectricityIndustryNatural GasNewsOilPoliticsRegulationsTradeTransport

Premiers united in fight against threatened tariffs despite ‘chaos’ in Ottawa: Ford

Canada's premiers are meeting in Toronto to address Trump's proposed 25 per cent tariffs, focusing on trade, border security, and healthcare.

A Marathon sign is seen outside Marathon Petroleum (MPC.N) Detroit refinery in Detroit, Michigan U.S., September 9, 2024. REUTERS/Rebecca Cook
BusinessEconomyIndustryInfrastructureLabourNewsOil

Marathon, Teamsters reach pay deal at Detroit refinery

Teamsters at Marathon Petroleum's Detroit refinery ratified a seven-year agreement, ending a three-month strike over pay and safety.

Kerch Strait, Crimea, July 17, 2023.  REUTERS
BusinessClimateNewsOilWeather

Russian tanker splits in storm, spilling oil into Kerch Strait

The tanker split apart during a heavy storm, while another tanker was also in distress after sustaining damage.

lgary-based pipeline giant Enbridge says it has cleaned up about 60 per cent of a nearly 265, 000-litre oil spill in Wisconsin that was discovered last month. The corporate name stands out on tanks shown Friday, June 29, 2018 at the Superior terminal of Enbridge Energy in Superior, Wis.  THE CANADIAN PRESS/AP-Jim Mone
ClimateEnvironmentFuelIndigenousNewsOilPolitics

Enbridge reports 265,000-litre oil spill in Wisconsin

Enbridge says the spill was discovered by an employee conducting a visual inspection of its Line 6 at the Enbridge Cambridge Station.

FILE PHOTO: The logo of China National Offshore Oil Corporation (CNOOC) is seen at its booth during the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/Florence Lo/File Photo
BusinessFuelNatural GasNewsOil

China’s CNOOC sells US assets to Britain’s INEOS

The deal primarily includes non-operator interests in oil and gas projects such as the Appomattox and Stampede fields.

FILE PHOTO: Serbia's President Aleksandar Vucic looks on during a press conference in Belgrade, Serbia, November 6, 2024. REUTERS/Zorana Jevtic/File Photo
FuelNewsOilPoliticsTrade

US mulls sanctions against Serbian oil firm majority owned by Russians, president says

UK and EU sanctions would likely follow, affecting oil shipments through a pipeline from Croatia.

FILE PHOTO: U.S. Treasury Secretary Janet Yellen attends an interview with Reuters Editor in Chief Alessandra Galloni in Washington, U.S., April 25, 2024. REUTERS/Evelyn Hockstein/File Photo
AutomotiveBusinessEconomyLegislationMaritimeNewsOilPoliticsRegulationsTradeTransport

Yellen won’t rule out sanctions on Chinese banks, curbs on ‘dark fleet’ oil tankers

Yellen signals new sanctions on Russian oil and Chinese banks to curb funding for the Ukraine war amid a softer oil market.

A driver checks the line as he waits for gasoline in Havana, Cuba, December 13, 2024. REUTERS/Alexandre Meneghini
AutomotiveEconomyNatural GasNewsOilPoliticsTradeTransport

Cuba runs short on fuel at pump as energy crisis festers

Cuba faces severe fuel shortages, with closed gas stations and long lines, compounding the impact of recent blackouts.

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