Friday, 7 February 2025

Focus on Oil

FILE PHOTO: Trafigura logo is seen in this illustration taken, April 23, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceFuelNewsOil

Trafigura, Gunvor demand sparks jump in Brent oil benchmark

Trading houses Trafigura and Gunvor bought nine cargoes of crude that underpin the international Brent oil benchmark in the last week

AnalysisClimateCourtsElectionsEmissionsIn-DepthOilPolitics

Q&A: What does the ‘landmark’ Horse Hill judgment mean for UK fossil fuels?

On June 20, the British Supreme Court ruled that a local council acted unlawfully by granting planning permission for an oil project. Carbon...

FILE PHOTO: 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
BusinessFinanceFuelInfrastructureLiquefied Natural GasNewsOilPoliticsRegulationsUtilities

Repsol in talks to merge UK North Sea operations with NEO, sources say

Spain's Repsol is in talks to merge its UK North Sea oil and gas business with private equity-backed NEO Energy, three industry sources...

FILE PHOTO: The logo of Repsol is seen near a fuel station in Malaga, Spain, April 24, 2024. REUTERS/Jon Nazca/File Photo
BusinessFinanceFuelLiquefied Natural GasNewsOil

Repsol explores sale of minority stake in South Texas oil assets, sources say

Repsol plans to sell a minority interest in its Eagle Ford shale assets in South Texas, in a deal that could value the...

Smoke rising out of chimneys at Ratcliffe on Soar power station near Nottingham. File photo. (David Jones/PA)
FuelLiquefied Natural GasNatural GasNewsOilPolitics

UK government met oil and gas lobbyists every working day in 2023

At least 65 fossil fuel organisations and industry bodies were identified meeting with ministers over the course of 2023.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 27, 2024.     REUTERS/Staff/File Photo
BusinessEconomyFinanceFuelNewsOilPoliticsTrade

European shares post quarterly loss as markets await French elections

European shares opened higher on Friday, as firmer crude oil prices lifted energy stocks, though the focus was also on a U.S. inflation...

FILE PHOTO: General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed//File Photo
BusinessFuelNewsOilPoliticsTrade

Saudi Arabia may cut oil prices for Asia for second month in August

Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, trade sources...

FILE PHOTO: A Muslim pilgrim prays during the annual haj pilgrimage in Mina, Saudi Arabia, June 17, 2024. REUTERS/Mohammed Torokman//File Photo
ClimateIn-DepthNewsOilWeather

Climate change boosted deadly Saudi haj heat by 2.5 C, scientists say

ClimaMeter's analysis reveals temperatures reached up to 51.8°C in Mecca.

FILE- Members of Campaign for a Safe and Healthy California coalition campaign for Keep The Law (SB 1137) in Inglewood, Calif., on Friday, March. 22, 2024. The California Independent Petroleum Association says it will withdraw a referendum asking voters to block the law, clearing the way for it to take effect. The association announced Wednesday, Jun26, 2024 it plans to file a lawsuit to ask a judge to block the law instead. (AP Photo/Damian Dovarganes, File)
ClimateEnvironmentFuelIndustryNewsOilRegulations

Law limiting new oil wells in California set to take effect

California law banning new oil wells near sensitive areas like homes and schools will soon take effect after the oil industry withdrew a...

AnalysisBusinessEconomyElectricityEmissionsFinanceNatural GasOilPoliticsReportsSolarWind

Analyzing the Policy Landscape for Supporting the Clean Energy Transition in Small and Medium Enterprises in India

If small and medium enterprises in India see that a shift to clean energy technology raises their company’s profitability ... then they will...

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