Friday, 28 March 2025

Focus on Oil

FILE PHOTO: Oil pump jack is seen in front of displayed U.S. flag in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BiodiversityNatural GasNewsOilPolitics

Biden administration moves to protect more of Alaska refuge from drilling

Biden moves to protect more of Alaska's ANWR from drilling, complicating Trump's pro-oil development plans.

FILE PHOTO: Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
FuelNewsOilPoliticsTrade

Tanker under US sanctions discharges oil at Chinese port, LSEG data shows

The tanker is the first since last week's sanctions announcement to discharge in Shandong province.

FILE PHOTO: North Dakota Governor Doug Burgum speaks in the spin room, ahead of the debate between Republican presidential nominee and former U.S. President Donald Trump and Democratic presidential nominee and U.S. Vice President Kamala Harris, in Philadelphia, Pennsylvania, U.S., September 10, 2024. REUTERS/Evelyn Hockstein/File Photo
ClimateElectionsEnvironmentFuelNatural GasNewsOilPoliticsRegulations

Trump’s Interior Department nominee says boosting energy key to US security

Doug Burgum will vigorously pursue Trump’s goals of maximizing energy production from America’s public lands and waters.

FILE PHOTO: Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
BusinessFuelLabourNewsOil

BP cuts over 5% of workforce to reduce costs

BP told staff that 3,000 contractor positions will also be cut.

Chinese President Xi Jinping (R) shakes hands with Sri Lankan President Anura Kumara Dissanayake during a signing ceremony at the Great Hall of the People in Beijing on January 15, 2025 (POOL)
BusinessFuelNewsOilPoliticsTrade

Sri Lanka signs landmark $3.7 bn deal with Chinese state oil giant

Sinopec has agreed to invest $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels in Sri Lanka.

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo
AnalysisOilOpinionTrade

Column: China response key to crude oil after new sanctions on Russia

China may cut crude imports and tap inventories as U.S. sanctions on Russian oil disrupt supply, pressuring global prices.

An oil production site run by Civitas Resources is seen near Broomfield, Colorado, U.S, December 2, 2021.  REUTERS/Liz Hampton
BusinessNatural GasNewsOil

Civitas Resources weighs sale of DJ Basin assets, Bloomberg News reports

Civitas Resources is considering selling its Denver-Julesburg Basin assets, potentially valued over $4 billion, to focus on Permian.

FILE PHOTO: Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCourtsLegislationNewsOil

Oil tycoon Shvidler says UK sanctions are arbitrary in landmark appeal

In the first case of its kind to reach the UK's Supreme Court, a billionaire oil tycoon challenges UK sanctions.

FILE PHOTO: A model of a pump jack is seen in front of the displayed sign "stop",  U.S. and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

Russian oil products trapped at sea by US sanctions, LSEG data shows

Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on Wednesday.

Chris Wright, U.S. President-elect Donald Trump’s nominee to be secretary of energy, testifies during a Senate Energy and Natural Resources Committee confirmation hearing on Capitol Hill in Washington, U.S., January 15, 2025. REUTERS/Elizabeth Frantz
ElectricityEmissionsLiquefied Natural GasNatural GasNewsNuclear PowerOil

Trump’s energy department pick calls for more LNG and nuclear power

Trump's Energy Department pick, Chris Wright, prioritizes expanding U.S. energy production.