Saturday, 8 February 2025

Focus on Oil

Russia's President Vladimir Putin and India's Prime Minister Narendra Modi visit the Atom pavilion at the Exhibition of Achievements of National Economy (VDNKh) in Moscow, Russia July 9, 2024. Sputnik/Gavriil Grigorov/Pool via REUTERS
ElectricityNatural GasNewsNuclear PowerOilPoliticsTrade

Russia talks up nuclear business with India as Modi visits Moscow

Russia-India nuclear cooperation will see six power units being created as the two nations also look to shipbuilding and pharma.

People walk in the Houston's southwestern neighborhood as they remove fallen tree branches and debris after Hurricane Beryl, in Houston, Texas, U.S., July 8, 2024. REUTERS/Marianna Parraga
BusinessNewsOilResiliencyWeather

Oil companies in Texas try to restore operations following storm Beryl

Oil and gas companies in Texas are making efforts to restart operations after Hurricane Beryl lashed the state with 80-mph winds.

FILE PHOTO: People walk in front of the headquarters of Petroleo Brasileiro S.A. (Petrobas) in Rio de Janeiro, Brazil March 9, 2020. REUTERS/Sergio Moraes/File Photo
FuelLiquefied Petroleum GasNatural GasNewsOil

Brazil’s Petrobras ups gasoline prices 7%, first hike under new CEO

Petrobras in 2023 ditched a more market-based pricing policy in favor of one that gave it more flexibility to smooth out price swings.

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015.    REUTERS/Nick Oxford/File Photo
BusinessNewsOil

Devon Energy to buy Grayson Mill’s Williston assets for $5 billion

Private equity firm cashes out on business to add 307,000 net acres to Devon Energy's position in Williston Basin.

FILE PHOTO: Oil rigs are seen in the Gulf of Mexico after Hurricane Ida made landfall in Louisiana, in Grand Isle, Louisiana, U.S. August 31, 2021. REUTERS/Marco Bello/File Photo
BusinessInfrastructureNewsOilResiliencyWeather

Record US heat, hurricanes could roil fuel prices as oil refiners sweat

Extreme weather events hit oil refineries and production capacities while peak travel season pushes demand higher.

Owner Petroineos announced the oil refinery at Grangemouth would be shut after spring next year (Jane Barlow/PA)
FuelInfrastructureNewsOilPolitics

Grangemouth ‘should be home to energy industries of future’

Scottish politicians push for Grangemouth future to be secured as oil refinery faces closure next year.

FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. Picture taken February 13, 2019. REUTERS/Nick Oxford/File Photo
BusinessClimateFuelLiquefied Natural GasMaritimeNewsOilResiliencyWeather

Oil slips as Gaza talks ease supply fears; Hurricane Beryl in focus

Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 0042 GMT after closing down 89 cents on...

Grangemouth will begin transitioning to an oil import terminal next year (Jane Barlow/PA)
BusinessFinanceFuelLabourNewsOilPolitics

Ensuring future for Grangemouth oil refinery is ‘real priority’: UK PM Starmer

The British prime minister said the situation at Scotland's Grangemouth refinery is a “cause of concern”.

FILE PHOTO: The Houston Ship Channel, part of the Port of Houston, is seen in Pasadena, Texas, U.S., May 5, 2019.  REUTERS/Loren Elliott/File Photo
BusinessClimateFuelInfrastructureMaritimeNewsOilResiliencyTransmissionWeather

U.S. Coast Guard says Hurricane Beryl may shut oil ports

Port closures could bring to a temporary halt shipments of crude oil to refineries and motor fuels from those plants.

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