Sunday, 23 February 2025

Focus on Fuel

FILE PHOTO: A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo
BusinessEconomyNewsOil

EIA expects oil prices to be under pressure from oversupply in 2025, 2026

U.S. oil production is poised to set a larger record this year than prior estimates, the EIA said in its Short-Term Energy Outlook...

FILE PHOTO: A view shows pipelines at a gas processing facility, operated by Gazprom company, at Bovanenkovo gas field on the Arctic Yamal peninsula, Russia May 21, 2019. Picture taken May 21, 2019. REUTERS/Maxim Shemetov/File Photo
AnalysisOilPoliticsTrade

Analysis: Russia’s Arctic oil feels the chill from US sanctions

US sanctions disrupt Russia's Arctic oil, stranding supplies and impacting global markets.

A wide-angle view of a motorway congested with traffic, with cars bumper-to-bumper in all lanes.
AutomotiveElectric Vehicles (EVs)EmissionsFuelNewsRegulations

Global road transport emissions to peak in 2025: study

CO2 emissions from road transport could peak worldwide this year thanks to rapid growth in EVs and stricter regulations.

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
BusinessNewsOilTrade

Peru’s niche Bretaña crude oil gains popularity in US

The U.S. Gulf Coast receives its first Bretaña oil cargo this month as refiners seek alternatives to declining Mexican heavy crude.

FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo
BusinessNewsOilPoliticsTrade

Six EU countries call for lowering of G7 price cap on Russian oil

EU nations urge lowering the $60 Russian oil cap to cut war funds, aiming for peace without market shock.

A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. REUTERS/Stringer/File Photo
BusinessFuelNewsOilRegulationsTrade

Oil shipping rates surge after US sanctions hit availability

Supertanker freight rates soared after U.S. sanctions on Russia, prompting traders to rush to book vessels from elsewhere.

FILE PHOTO: An aerial view of the machinery at the coal terminal of Huanghua port, in Hebei province, China February 1, 2023. China Daily via REUTERS/File Photo
BusinessCoalElectricityFuelNewsTrade

China torments and titillates seaborne coal market

For coal exporters, China is both saviour and tormentor, as record imports come with plummeting seaborne prices.

AnalysisBusinessEconomyLiquefied Natural GasNatural GasOilPoliticsRegulationsTrade

Future of Russian gas looking bleak as Ukraine turns off taps and Europe eyes ending all imports

Will the EU shun Russian gas by 2027, or could peace spark a U-turn, reshaping Russia’s gas export strategy?

BusinessEconomyFinanceNewsOilPoliticsTrade

Reactions to new US sanctions against Russian energy interests

New US sanctions on Russian energy target tankers, traders, and oil firms, adding uncertainty to global oil markets.

Cook Islands registered oil tanker Eagle S is seen anchored near the Kilpilahti port in Porvoo, on the Gulf of Finland, January 13, 2025.  Lehtikuva/Vesa Moilanen/via REUTERS
BusinessMaritimeNewsOilPoliticsTrade

Oil tanker sabotage crew were poised to cut more cables when caught, Finland says

Finnish investigators allege seized Russian oil tanker Eagle S threatened Baltic cables, fueling NATO's security concerns.

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