Focus on Topics
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.
Biden climate adviser says California wildfires show ‘you have to take the science seriously’
Wildfires near LA highlight worsening climate change challenges that Trump must address more seriously in his next term.
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.
US insurers slump as Los Angeles wildfire loss estimates hit $20 billion
Insurers are expected to face catastrophe-related claims worth billions of dollars from the LA wildfires.
