Monday, 4 August 2025

Focus on Oil

FILE PHOTO: Saudi Arabian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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Saudi Arabian economic growth to accelerate in 2025 as oil taps open

Economic growth in Saudi Arabia will accelerate next year thanks to higher oil output after two years of modest performance.

'Green' hydrogen is at a relatively early stage of development and requires substantial investment (AFP)
AnalysisBusinessCoalEconomyElectricityFuelHydrogenNatural GasNewsOilPolitics

Windfall tax backlash menaces Spain’s green energy sector

Spain's government has infuriated banking and energy giants by wanting to maintain a windfall tax on them, threatening crucial investments for the country's...

FILE PHOTO: New York City Comptroller Brad Lander speaks during the National Action Network National Convention in New York, U.S., April 12, 2023. REUTERS/Jeenah Moon/File Photo
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NYC comptroller Lander to end private market fossil fuel investments

If approved, the plan would bar future investments in pipelines and LNG terminals in the funds' private equity portfolios.

AnalysisClimate FinanceCoalElectric Vehicles (EVs)ElectricityEmissionsOilSolarStorage

Analysis: Solar surge will send coal power tumbling by 2030, IEA data reveals

Carbon Brief analysis of IEA data: Global electricity generation from solar will quadruple by 2030 and help to push coal power into reverse.

FILE PHOTO: The last section of pipeline is assembled on the Trans Mountain pipeline expansion project before operations are expected to begin in the second quarter of 2024, near Laidlaw, British Columbia, Canada, February 18, 2024. REUTERS/Chris Helgren/File Photo
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Canadian Natural Resources to take over more space on the Trans Mountain pipeline: Bloomberg News

The recently expanded Trans Mountain pipeline has capacity to ship 890,000 bpd of crude from Alberta's oil sands to the Port of Vancouver.

Venezuela's Oil Minister Pedro Tellechea leaves after a press conference, in Caracas, Venezuela April 16, 2024. REUTERS/Gaby Oraa/File Photo
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Venezuela arrests ex-minister over allegations he handed over part of PDVSA to company controlled by U.S. intelligence

Venezuela's AG says Tellechea has been detained for handing over part of state oil firm PDVSA to a company controlled by U.S. intelligence.

A man walks past the logo of Spanish oil major Repsol outside its headquarters in Madrid, Spain, December 26, 2023. REUTERS/Susana Vera/ File Photo
BusinessEconomyHydrogenNewsOilPolitics

Repsol freezes green hydrogen projects in Spain

MADRID (Reuters) – Spanish oil major Repsol has put on hold planned green hydrogen projects in Spain with an electrolysis capacity of 350...

Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada's energy sector as promised — but questions still linger about who will pay for the project's massive cost overruns. In this photograph taken with a drone, the Trans Mountain Burnaby Terminal tank farm is seen in Burnaby, B.C., on Thursday, April 4, 2024. THE CANADIAN PRESS/Darryl Dyck
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Six months on, what has the Trans Mountain pipeline project achieved and what’s next?

The Trans Mountain pipeline carries Alberta's crude oil to the B.C. coast — but questions remain about who will cover its cost overruns.

FILE PHOTO: Cars are seen waiting in traffic on a road near Porta Nuova district in Milan, Italy, October 25, 2023. REUTERS/Claudia Greco/File photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceFuelLiquefied Petroleum GasNewsOilPolitics

Top EU countries spend $45 billion subsidizing fossil-fuel company cars, study says

The EU's five biggest members spend 42 billion euros annually subsidizing fossil-fuel company cars, according to a recent study.

News ReleaseCarbon ManagementEmissionsLiquefied Natural GasNatural GasOil

2024 Third Quarter Report

17 October 2024 Robust free cash flow, significant projects progress and Moomba CCS phase one online Robust free cash flow • Free cash...

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