Sunday, 19 January 2025

Focus on Fuel

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
BusinessEconomyMaritimeNewsOilPoliticsRegulationsTrade

Russia faces higher costs on sea-borne oil exports due to new US sanctions

US sanctions targeting Russia's shadow fleet and oil trade complicate Moscow's exports, raising global oil prices by six per cent.

FILE PHOTO: Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceLiquefied Natural GasNewsTrade

LNG exporter Venture Global targets up to $110 billion valuation in blockbuster US IPO

Venture Global targets a $110.38B valuation in its IPO, set to capitalize on surging global LNG demand in 2025.

FILE PHOTO: Signage is seen in front of the cooling towers at Uniper's Ratcliffe-on-Soar power station the day after it was taken offline, in Ratcliffe-on-Soar, Britain, October 1, 2024. REUTERS/Phil Noble/File Photo
BusinessEconomyElectricityNatural GasNewsUtilities

Berlin considers full Uniper exit, targets deal after summer, sources say

Germany considers selling its full Uniper stake, exploring re-IPO or private equity sale amid post-crisis recovery plans.

FILE PHOTO: The LyondellBasell refinery, located near the Houston Ship Channel, is seen in Houston, Texas, U.S., May 5, 2019.  REUTERS/Loren Elliott/File Photo
AutomotiveBusinessEconomyFinanceNewsOilPolitics

US oil refiners brace for a tough year as investor sentiment turns negative

Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that Trump may slap tariffs on...

FILE PHOTO: An employee counts Russian 1000-rouble banknotes in a bank office in Moscow, Russia, in this illustration picture taken October 9, 2023. REUTERS/Maxim Shemetov/Illustration/File Photo
BusinessEconomyNewsOilPoliticsRegulationsTrade

Russian rouble slips as oil price and forex action limit sanctions impact

Rouble weakens as U.S. sanctions target Russian oil firms, while rising oil prices and yuan forex sales offer support.

Russian President Vladimir Putin, Turkish counterpart Recep Tayyip Erdogan and eastern European leaders inaugurated the TurkStream pipeline in Istanbul in January 2020 (AFP)
BusinessInfrastructureNatural GasNewsPoliticsTradeTransmissionUtilities

Russia says Ukraine targeted infrastructure of gas pipeline to Turkey

Russia accuses Ukraine of drone strike on TurkStream gas pipeline as Kyiv halts Russian gas transit, escalating energy tensions.

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

Oil hits more than 3-month high as US sanctions hit Russia exports

By Scott DiSavino NEW YORK (Reuters) – Oil prices climbed about 2% to a four-month high on Monday on expectations that wider U.S....

American Airlines planes are seen at gates at LaGuardia Airport ahead of the Thanksgiving holiday, in New York City, U.S., November 21, 2023.  REUTERS/Shannon Stapleton/File Photo
AviationBusinessClimateEmissionsNewsReportsSustainable Aviation Fuel

Projected air travel growth runs counter to climate goals, study says

The airline industry, which accounts for about 2.5 per cent of global carbon emissions, has vowed to use more sustainable aviation fuel.

Ligovsky Prospect, Tutunciftlik, Izmit, Turkey, December 15, 2019. REUTERS/Yoruk Isik
BusinessEconomyNewsOilPoliticsTrade

Tougher U.S. sanctions to curb Russian oil supply to China and India

US sanctions on Russian oil force China and India to seek Middle Eastern, African supplies, spiking prices and freight costs.

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