Wednesday, 12 March 2025

Focus on Fuel

Russell Hardy, the CEO of Vitol, leaves the stage as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, U.S., September 18, 2024. REUTERS/Callaghan O'Hare/ File Photo
BusinessFuelNewsOil

Vitol CEO sees $70-$80/bbl oil prices in 2025, flags supply uncertainty

Oil prices have been capped by concerns about an unwinding of OPEC+ supply cuts in 2025 and China's weak oil demand growth.

FILE PHOTO: A view shows a sign of the COP29 United Nations Climate Change Conference with a backdrop of the cityscape in Baku, Azerbaijan October 31, 2024. REUTERS/Aziz Karimov/File Photo
AnalysisClimateEmissionsEmissions MarketsNatural GasOilResiliency

COP29: What are the key issues at the UN climate summit in Baku?

COP29 in Baku aims to set new climate finance goals, address fossil fuel cuts, and define carbon market rules amid global tensions.

FILE PHOTO: Petrol prices are seen on a billboard at a YPF gas station, as Argentina is battling with an annual inflation heading towards 200%, in Buenos Aires, Argentina December 29, 2023. REUTERS/Martin Cossarini/File Photo
BusinessCourtsLiquefied Natural GasNewsOilPoliticsRegulations

US sides with Argentina in dispute over $16 billion YPF judgment

U.S. supports Argentina in court, arguing against YPF stake seizure to satisfy $16.1B judgment, citing sovereign immunity concerns.

Donald Trump ran on opening up the United States to more petroleum development, but the oil industry does not always embrace additional drilling (GETTY IMAGES NORTH AMERICA)
AnalysisBusinessOilPolitics

‘Drill, baby, drill’: Trump policy poses risks, opportunities for oil industry

Trump's pro-oil agenda could drive US output up, but experts caution that lower prices may clash with industry priorities.

FILE PHOTO: A general view shows Marathon Petroleum's oil refinery, following Russia's invasion of Ukraine, in Anacortes, Washington, U.S., March 9, 2022.  REUTERS/David Ryder/File Photo
BusinessEconomyNewsOil

Marathon Oil beats Q3 profit estimates on higher production

U.S. shale producer Marathon Oil beat Wall Street estimates for third-quarter profit on Wednesday, helped by higher production and resilient demand for oil. 

Alberta MLA Brian Jean arrives at the United Conservative caucus to determine next steps after leader Jason Kenney announced he is stepping down, in Calgary, Thursday, May 19, 2022. The Alberta government is asking rural municipalities to send letters naming oil and gas companies that aren't paying their property taxes. THE CANADIAN PRESS/Jeff McIntosh
EconomyNewsOilPoliticsRegulations

Alberta asks municipalities to name oil companies not paying taxes

Rural Municipalities of Alberta estimates oil and gas companies owe more than $250 million in overdue property taxes to rural communities across the...

Wind turbines are silhouetted against the setting sun at the Spearville Wind Farm, Sunday, Sept. 29, 2024, near Spearville, Kan. (AP Photo/Charlie Riedel)
AnalysisClimateCoalElectricityEmissionsGeothermalNatural GasOilPoliticsSolarWind

Trump likely to target climate measures that are making the most difference

Trump’s second term may rollback climate policies and emissions cuts as states and cities push forward with clean energy.

FILE PHOTO: A flare burns off excess gas from a gas plant in the Permian Basin in Loving County, Texas, U.S., November 21, 2019. REUTERS/Angus Mordant/File Photo
BusinessNatural GasNewsOilPoliticsRegulations

Texas voters reelect conservative Craddick to lead oil regulator

Texas reelects Christi Craddick as oil regulator chair, supporting industry growth amid environmental pressures on orphan wells.

The corporate logo of Pembina Pipeline Corp. is shown in this undated handout photo. Pembina Pipeline Corp. says it has seen an uptick in interest from potential long-term contracted natural gas suppliers since making a firm decision to go ahead with the Cedar LNG project. THE CANADIAN PRESS/HO, Pembina Pipeline Corp. *MANDATORY CREDIT*
BusinessInfrastructureNatural GasNewsOilTransmission

Pembina Pipeline seeing increased interest from potential Cedar LNG suppliers: CEO

Pembina Pipeline's Cedar LNG project gains momentum as increased supplier interest follows a $4B green-light decision.

The MEG Energy Corp. logo is seen in an undated handout. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT*
BusinessNewsOilWeather

MEG says 2024 production to come in at low end of forecast due to wildfires

MEG Energy anticipates 2024 production at the low end of its forecast due to wildfires and cold weather impacts earlier this year.

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