Thursday, 23 January 2025

Focus on Fuel

FILE PHOTO: Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessEconomyNewsOilTrade

Ample supply, slow demand to temper oil price gains in 2025

Oil prices are expected to remain around $70 a barrel in 2025 due to weak demand from China and increasing global supplies.

FILE PHOTO: Labourers harvest cocoa pods at a farm in Assin Foso, Ghana, November 21, 2024. REUTERS/Francis Kokoroko/File Photo
AnalysisBusinessCoalCritical MineralsEconomyIndustryManufacturingOilRegulationsTrade

Cocoa tops global commodities rally for 2nd year, steel ingredients struggle on China demand

Cocoa and coffee prices surged in 2024 due to global supply deficits, while steel-making coal struggled amid China's slow growth.

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessCourtsLiquefied Petroleum GasNewsOilPolitics

Judge in Citgo share auction rejects bid to block Gramercy fund lawsuits

A U.S. judge allows lawsuits by three firms to proceed, potentially impacting the auction of Citgo's parent company shares.

Finnish Coast Guard stops a small boat which tried to reach the oil tanker Eagle S anchored near the Kilpilahti port in Porvoo, on the Gulf of Finland December 30, 2024.  Lehtikuva/Jussi Nukari/via REUTERS
BusinessEnvironmentMaritimeNewsOilPoliticsRegulationsTrade

Owner seeks release of oil tanker seized in Finland cable probe

The owner of the seized oil tanker Eagle S, suspected of damaging undersea cables in the Baltic Sea, is seeking its release.

U.S. Secretary of Interior Deb Haaland attends a hearing on Capitol Hill in 2021. REUTERS/Joshua Roberts/File Photo
ClimateElectricityEmissionsEnvironmentGeothermalIndigenousNatural GasNewsOilPoliticsRegulations

US agency takes steps to protect Nevada mountains from energy development

Biden moves to shield 264,442 acres in Nevada's Ruby Mountains from oil, gas, and geothermal development for 20 years.

FILE PHOTO: A tree decorates the lounge of Houston-based liquefied natural gas company Cheniere during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 13, 2023. REUTERS/Chris Helgren/File Photo
FuelLiquefied Natural GasNewsRail

Cheniere produces first LNG at Corpus Christi Stage 3 project

Cheniere has played a key role in helping the U.S. become the world's largest exporter of LNG.

FILE PHOTO: Turkey's Finance Minister Mehmet Simsek speaks during a meeting of Turkish Industry and Business Association (TUSIAD) in Istanbul, Turkey, July 11, 2024. REUTERS/Murad Sezer/File photo
BusinessEconomyFuelNews

Turkey’s fuel, tobacco tax moves will not harm inflation goal, Simsek says

Turkey plans fuel and tobacco tax hikes next year without risking its 2025 inflation goals.

The Government is set to introduce stringent rules limiting the number of new incinerators that are built (Andrew Matthews/PA)
ClimateEmissionsEnvironmentFuelNewsRegulations

UK government to block incinerators that do not contribute to green plans

The government will block new incinerators unless they reduce landfill waste or replace older facilities, aiming to boost recycling rates.

Piles of coal at the Westshore coal export terminal at Roberts Bank and gantry cranes used to load and unload containers onto and from cargo ships are seen at Deltaport, in Tsawwassen, B.C., on Monday, September 9, 2024. THE CANADIAN PRESS/Darryl Dyck
BusinessClimateCoalEmissionsEnvironmentIndustryMaritimeNewsTrade

Machinery fire extinguished at Delta, B.C., coal port terminal: Port authority

A coal stacker fire at Westshore Terminals in Delta, B.C., has been extinguished; no injuries reported, operations paused.

FILE PHOTO: Ukraine's President Volodymyr Zelenskiy looks on as he attends a European Union leaders summit in Brussels, Belgium, December 19, 2024. REUTERS/Johanna Geron/File Photo
BusinessEconomyNatural GasNewsPoliticsRegulations

Ukraine’s Zelenskiy hits back at Slovak PM Fico as gas transit dispute deepens

Zelenskiy accused Slovakia's PM Fico of opening a "second energy front" against Ukraine amid a deepening gas transit dispute.

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