Focus on Fuel
US official warns Puerto Rico of weak power generation as it prepares for a Trump administration
US Energy Sec warns Puerto Rico needs more power generation amid ongoing blackouts and grid struggles post-hurricane.
US to release clean fuel tax credit model that limits ethanol producers’ credit access, sources say
US set to unveil climate model cutting biofuel tax credits, potentially angering ethanol makers as Trump steps in.
Russian oil firm shrugs off sanctions, insurer says dodgy operators will profit
US sanctions target Russian oil giants; Gazpromneft and Ingosstrakh claim resilience, warn of negative market fallout.
Why are UK gas stores lower than usual, and how is the overall supply looking?
UK gas storage dangerously low amid freezing snap, but diverse supply sources ease immediate shortage fears.
US, UK unveil widespread sanctions against Russia’s energy sector
US and UK sanction Russia’s energy giants, including Gazprom Neft, just days before Joe Biden’s term ends.
US targets Venezuela oil company chief, others with sanctions
US sanctions target Venezuela's PDVSA chief Obregon amid Maduro's claims of economic war and resilience.
Black Sea oil spill widens, Russian authorities say
Approximately 2,400 metric tons of oil products have spilled into the sea since Dec. 15.
UK gas reserves ‘concerningly low’: Biggest supplier
The government is "confident" the country "will have a sufficient gas supply and electricity capacity to meet demand this winter."
Canada’s Imperial Oil says senior executive to leave for Exxon Mobil
In 2023, Imperial Oil had said it would invest C$720 million ($539 million) to construct Canada's largest renewable diesel facility.
Constellation Energy to buy Calpine in blockbuster $16.4 billion US power deal
The deal comes at a time when electricity demand is expected to rise to record highs.
