Focus on Oil
California to vote on stricter rules for low carbon fuels policy
The proposed changes would require a deeper reduction in the carbon intensity of transportation fuels by 2030.
From floods to regulations: Climate change poses complex risks for the banking sector
Climate change poses risks to banks on several levels: it can directly impact their finances, tarnish their image and land them in the...
Sacred cow: Coal-hungry India eyes bioenergy to cut carbon
Venerated as sacred, India's cows now fuel energy transition, as biogas plants transform their dung and crop waste into clean energy, reducing reliance...
Icahn plans raising stake in oil refiner CVR, WSJ reports
Icahn Enterprises LP (IEP) plans to raise its stake in U.S. oil refiner CVR Energy by more than 20 per cent, the WSJ...
UAE pledges to cut emissions by 47% by 2035
The UAE is still planning to increase fossil fuel production and consumption by 2030.
Vitol CEO sees $70-$80/bbl oil prices in 2025, flags supply uncertainty
Oil prices have been capped by concerns about an unwinding of OPEC+ supply cuts in 2025 and China's weak oil demand growth.
COP29: What are the key issues at the UN climate summit in Baku?
COP29 in Baku aims to set new climate finance goals, address fossil fuel cuts, and define carbon market rules amid global tensions.
US sides with Argentina in dispute over $16 billion YPF judgment
U.S. supports Argentina in court, arguing against YPF stake seizure to satisfy $16.1B judgment, citing sovereign immunity concerns.
‘Drill, baby, drill’: Trump policy poses risks, opportunities for oil industry
Trump's pro-oil agenda could drive US output up, but experts caution that lower prices may clash with industry priorities.
Marathon Oil beats Q3 profit estimates on higher production
U.S. shale producer Marathon Oil beat Wall Street estimates for third-quarter profit on Wednesday, helped by higher production and resilient demand for oil.
