Monday, 21 April 2025

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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: Tesla Model 3 on display at the Everything Electric exhibition at the ExCeL London international exhibition and convention centre in London, Britain, March 28, 2024.  REUTERS/Peter Cziborra/File Photo
BusinessElectric Vehicles (EVs)IndustryManufacturingNewsRegulations

Tesla to fix software for 77,650 China-made vehicles, says market regulator

Tesla will fix software in 77,650 China-made Model 3 and Model Y cars over safety hazards, China's market regulator said on Tuesday.

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: Pennsylvania Governor Josh Shapiro speaks at Pennsylvania Department of State’s press briefing, after polls close, on the day of the 2024 U.S. presidential election, in Harrisburg, Pennsylvania, U.S., November 5, 2024. REUTERS/Rachel Wisniewski/File Photo
EconomyElectricityNewsPoliticsRegulationsUtilities

Pennsylvania governor complains to regulator about PJM’s power market rules

Pennsylvania Governor Josh Shapiro has filed a complaint against PJM Interconnection, urging changes to prevent soaring electricity costs.

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.

FILE - A fire burns a house in the Mountain fire, Wednesday, Nov. 6, 2024, in Camarillo, Calif. (AP Photo/Marcio Jose Sanchez, File)
BusinessClimateEmissionsEnvironmentNewsPoliticsRegulationsWeather

California will soon require insurers to increase home coverage in wildfire-prone areas

California will require insurers to increase home coverage in wildfire-prone areas, ensuring policies for 85 per cent of market share.

FILE PHOTO: A prototype of an electrical air-taxi drone by German start-up Volocopter that takes off and lands vertically performs a non-passenger flight over Le Bourget airport, near Paris, France, June 21, 2021. REUTERS/Christian Hartmann/File Photo
AviationBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNewsTransport

German air taxi start-up Volocopter files for insolvency

Air taxi start-up Volocopter GmbH filed for insolvency proceedings on Monday, citing its inability to raise new funds to maintain regular operations.

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.

Silhouette of several people standing against a large orange sun with red surroundings. (Owen Humphreys/PA)
EmissionsEnvironmentNewsUnited NationsWeather

Record year caps ‘decade of deadly heat,’ says UN in climate warning

The world has endured a 'decade of deadly heat,' with 2024 capping record temperatures.

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