Focus on Oil
Opinion: A Donald Trump presidency is bad for climate action, but Australia should get on with the job
Opinion: Trump’s election win against Harris threatens climate goals but Australia must stay the course on climate action.
Trump pick Rubio could harden oil sanctions on Iran, Venezuela
Trump’s appointment of Rubio as secretary of state signals stricter oil sanctions on Iran and Venezuela, tempered by China concerns.
India’s Adani Group to invest $10 billion in US energy following Trump win
Gautam Adani announced the investment, with no specific timeline, while congratulating U.S. President-elect Donald Trump on his election win.
Equinor to report Greenpeace to police after protest at CEO’s home
Equinor will report the group after it protested at the home of its CEO by dumping debris from recent floods in Brazil in...
Suncor to return all excess cash to shareholders after hitting debt target early
Suncor Energy, achieving record oil production and debt reduction, will return 100 per cent of excess funds to shareholders via dividends.
Glencore-Chandra Singapore refinery to earmark 20% of output for Shell, sources say
Glencore and Chandra Asri aim to finalize their Singapore refinery acquisition in Q1 2025, launching Aster for operations.
Biden officials ask EU to align methane rules with US to ease LNG flows, letter says
Biden asks EU to accept U.S. LNG meeting U.S. methane rules as meeting EU standards.
Global CO2 emissions to hit record high in 2024, report says
Global CO2 emissions will hit a record 41.6 billion tons in 2024, worsening climate impacts despite renewable energy progress.
Mexico plans to set aside $6 billion for Pemex in draft budget, Bloomberg reports
Mexico plans a $6B allocation in its 2025 budget to aid debt-laden Pemex, addressing its $120B combined financial and provider debt.
