Focus on Oil
Refiner Phillips 66 reports lower third-quarter profit on weak fuel demand
Phillips 66 exceeded profit forecasts in Q3, driven by strong chemicals and midstream performance, despite declining refining margins
World Bank expects oil glut to cause commodity price slump
The World Bank predicts global commodity prices will hit a five-year low next year due to an oil glut and flat demand from...
World’s first green energy island sails into cost storm
Belgium's energy island project for offshore wind faces costs soaring to seven billion euros, sparking calls to halt amid political pushback.
Opinion: Climate policy is missing in action in Saskatchewan election
Why is there no talk about climate policy in Saskatchewan during this election?
Norway’s wealth fund falls short on climate ambitions, NGO says
Norway’s $1.8T wealth fund missed climate goals, backing only 4 of 21 key shareholder proposals on emissions targets in 2024.
Report details fossil fuel threat to ‘Amazon of the seas’
Since July 2020, satellites have spotted 793 oil slicks in the 'Coral Triangle' — one of the ocean's most biodiverse areas, and which...
G20 affirms commitment to transition from fossil fuels
G20 leaders reaffirmed their pledge to phase out fossil fuels and accelerate climate action for net zero by 2050 after talks.
New Mexico studies oil drilling restrictions that would hit output, revenue
New Mexico's proposed drilling restrictions could cut 5.4 per cent of future oil output, causing billions in lost revenue, report says.
