Focus on Oil
US House panel finds BlackRock, other asset managers leery of joining climate initiative
U.S. asset managers avoided climate initiatives fearing regulatory scrutiny, as GOP alleges a "climate cartel" collusion scheme.
Trafigura net profit, equity drops after Mongolia fraud
As its earnings fall, the Geneva-based firm faces possible fines as a result of a corruption trial in Switzerland.
Shale drilling techniques could lead to a geothermal surge, IEA says
Geothermal is suited to providing the massive amounts of stable energy data centres require, according the the head of the IEA.
Wisconsin tribe and other groups move to block pipeline reroute plans
A Wisconsin tribe and environmental groups filed a lawsuit to block Enbridge's pipeline reroute, citing environmental risks and regulatory failures.
Suncor to increase oil and gas output by up to five per cent in 2025
Suncor Energy plans to boost oil output by up to five per cent in 2025, targeting production of 810,000 to 840,000 barrels per...
New Jersey, home to many oil and gas producers, eyes fees to fight climate change
New Jersey's oil and natural gas facilities would be charged climate-related fees under a bill being considered in the Legislature.
Global diesel prices to rely on refinery closures for support in 2025
About 1 million barrels per day of refining capacity in Europe and the U.S. is expected to permanently shut down next year.
Big oil eyes powering big tech’s data center demand
This comes after Exxon Mobil said it is adding carbon-capture to natural gas-fired power plants supplying data centers.
