Sunday, 23 February 2025
FILE PHOTO: Cranes unload imported iron ore from a cargo vessel at a port in Lianyungang, Jiangsu province, China October 27, 2019. REUTERS/Stringer/File Photo

Iron ore heads for weekly gain on brightening demand outlook, China stimulus hopes

By Amy Lv and Lewis Jackson BEIJING (Reuters) -Iron ore futures prices climbed on Friday to their highest levels in more than four...

FILE PHOTO: People walk past a logo of the battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo

China’s CATL to deepen battery R&D cooperation with Volkswagen

BEIJING (Reuters) – CATL has signed a strategic cooperation MOU with Volkswagen to deepen partnership in battery R&D, new materials application and components...

FILE PHOTO: A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022.  REUTERS/Brendan McDermid/File Photo

BlackRock resumes stewardship talks after reviewing new ESG guidance

By Ross Kerber (Reuters) -BlackRock, the world’s largest asset manager, said on Thursday it had resumed meeting with the leaders of its portfolio...

First Minister John Swinney was shown a hydrogen gas cooker during the visit (Jane Barlow/PA)
ClimateHydrogen

Swinney: Hydrogen-powered home is ‘exciting’ development in climate change fight

John Swinney says the opening of the first hydrogen-powered homes at a demonstration facility in Fife is an “exciting project” which can help...

FILE - People walk amid an oil spill in the Niger Delta in village of Ogboinbiri, Nigeria, Dec. 11, 2024. (AP Photo/Sunday Alamba, File)
BusinessEconomyOilPolitics

Nigeria moves to restart oil production in vulnerable region after Shell sells much of its business

ABUJA, Nigeria (AP) — The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered...

FILE PHOTO: A general view of a Tesla store in Porsgrunn, Norway, December 24, 2021. REUTERS/Victoria Klesty/File Photo
BusinessElectric Vehicles (EVs)FinancePolitics

Tesla loses market share in Sweden, Norway as Musk looms large

OSLO (Reuters) – Tesla lost market share in Sweden and Norway in January, car registration data showed on Monday as the U.S. electric...

Norway aims for all new cars sold to be 'zero emission' starting in 2025, which is 10 years ahead of the goal set by the European Union (AFP)
Electric Vehicles (EVs)

Norway nears 100% goal of all-electric cars

Almost 96 per cent of new cars registered in Norway in January were electric, close to the country's goal of selling only zero-emission...

FILE PHOTO: The logo of Ecopetrol is pictured at its headquarters in Bogota, Colombia July 11, 2023. REUTERS/Luisa Gonzalez/File Photo
BusinessOil

Colombia’s Ecopetrol renews joint venture with Occidental Petroleum in Permian basin

BOGOTA (Reuters) – Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental...

FILE PHOTO: A view of the electric vehicle (EV) factory of China Evergrande New Energy Vehicle Group in Tianjin, China October 20, 2021. Picture taken October 20, 2021. REUTERS/Yilei Sun/File photo
BusinessEconomyElectric Vehicles (EVs)Finance

China Evergrande’s EV unit says struggling to attract investors amid liquidity crisis

(Reuters) – China Evergrande New Energy Vehicle said on Monday it is struggling to attract strategic investors amid a severe liquidity crisis, which...

FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump makes a campaign stop at manufacturer FALK Production in Walker, Michigan, U.S. September 27, 2024.  REUTERS/Brian Snyder/File Photo
BusinessEconomyIndustryInfrastructurePoliticsTrade

US metal buyers likely to turn to Mideast, Chile as tariffs bite

By Melanie Burton MELBOURNE (Reuters) -U.S. companies will look to the Middle East and India for more aluminium and to Chile and Peru...

A floating solar energy farm on the Cottbuser Ostsee lake in eastern Germany -- the EU hopes to strengthen supply lines for green technologies, like solar and wind power, chips and pharmaceutical ingredients (AFP)
AnalysisBusinessCritical MineralsEconomyPoliticsTrade

Red tape and rare earths: EU ‘compass’ charts economic future

Promising a “simplification shock”, the EU will unveil a much-anticipated blueprint to revamp Europe’s economic model on Wednesday, as the bloc struggles to...

Windmills make up about 10 percent of US energy production, with the largest output in the Republican-led states of Texas, Iowa and Oklahoma (GETTY IMAGES NORTH AMERICA)
AnalysisBusinessOffshore WindPoliticsWind

Trump casts chill over US wind energy sector

Trump has long ranted against wind energy with him threatening to upend decades of industry progress just a few hours after resuming power.

FILE PHOTO: An L.A. Department of Water and Power electrical worker installs hardware to support power lines following the Palisades Fire, in Pacific Palisades, California, U.S., January 17, 2025. REUTERS/Fred Greaves/File Photo
AnalysisElectricityInfrastructurePolitics

Analysis: Trump’s high-wire act to transform US power grid won’t be easy

Trump’s push to fix the U.S. power grid’s transmission lines faces state resistance, supply snags and rising AI and data center demand.

People follow a virtual speech of U.S. president Donald Trump at the Annual Meeting of World Economic Forum in Davos, Switzerland, Thursday, Jan. 23, 2025. THE CANADIAN PRESS/AP-Markus Schreiber
AnalysisBusinessOilPolitics

Trump’s call for OPEC to bring down cost of oil conflicts with his agenda: experts

WASHINGTON — Experts say U.S. President Donald Trump’s push for the OPEC+ alliance of oil exporting countries to bring down the cost of...

FILE PHOTO: Brazil's Minister of Environment Marina Silva and Brazil's President Luiz Inacio Lula da Silva greet Brazil's Ambassador Andre Correa do Lago while he's announced as President of the UN climate conference COP30, at the Planalto Palace in Brasilia, Brazil, January 21, 2025. REUTERS/Ueslei Marcelino/File Photo
AnalysisClimateClimate FinanceEmissionsPolitics

COP30 in Brazil set to spotlight developing countries’ climate finance needs

COP30 host Brazil urges rich nations to boost climate funds amid U.S. Paris exit; $300B pledged falls short of $1.3T needed.

US President Donald Trump seeks to increase US oil production under his administration -- such as at this refinery in Detroit, Michigan -- but he may face challenges outside of his control (AFP)
AnalysisBusinessNatural GasOil

Trump push to ‘drill, baby, drill’ may hit industry roadblock

President Donald Trump wants to boost US oil production, pledging to bring costs down as he returned to office this week — but...

FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump and Ukraine's President Volodymyr Zelenskiy meet at Trump Tower in New York City, U.S., September 27, 2024.  REUTERS/Shannon Stapleton//File Photo

Trump says US ‘pretty close’ to minerals deal with Ukraine

NATIONAL HARBOR, Maryland (Reuters) – President Donald Trump said on Saturday the United States is close an agreement with Ukraine on sharing revenue...

FILE PHOTO: The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021.  REUTERS/Brendan McDermid/File Photo

Trump’s 10% oil tariff could cost foreign producers $10 billion annually, Goldman Sachs says

(Reuters) – Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, as Canadian...

FILE PHOTO: U.S. Secretary of the Interior Doug Burgum speaks as he attends a signing ceremony with members of the West Virginia Congressional Delegation at the EPA headquarters in Washington, D.C., U.S., February 18, 2025. REUTERS/Kent Nishimura/File Photo

US energy council chief says power plants to produce 15% more electricity

By Valerie Volcovici WASHINGTON (Reuters) – U.S. Interior Secretary and co-chair of a new White House energy council Doug Burgum on Friday called...

FILE PHOTO: A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022.  REUTERS/Brendan McDermid/File Photo

BlackRock resumes stewardship talks after reviewing new ESG guidance

By Ross Kerber (Reuters) -BlackRock, the world’s largest asset manager, said on Thursday it had resumed meeting with the leaders of its portfolio...

FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump makes a campaign stop at manufacturer FALK Production in Walker, Michigan, U.S. September 27, 2024.  REUTERS/Brian Snyder/File Photo
BusinessEconomyIndustryInfrastructurePoliticsTrade

US metal buyers likely to turn to Mideast, Chile as tariffs bite

By Melanie Burton MELBOURNE (Reuters) -U.S. companies will look to the Middle East and India for more aluminium and to Chile and Peru...

FILE - A boat passes by July 2, 2024, off Sea Girt, N.J., where a power cable from the Atlantic Shores offshore wind farm project is projected to come ashore. (AP Photo/Wayne Parry, File)
ElectricityOffshore WindPoliticsWind

In win for Trump, oil giant Shell walks away from major New Jersey offshore wind farm

In the first serious fallout from President Donald Trump’s early actions against offshore wind power, oil and gas giant Shell is walking away...

Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. in an agreement that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility. A Shell logo is seen at a gas station in London, on March 8, 2022. THE CANADIAN PRESS/AP/Frank Augste
BusinessCarbon ManagementFuelLiquefied Natural GasOil

Shell exits oilsands, boosts stake in Scotford upgrader and Quest carbon facility

The deal will boost Shell's interest in the upgrader and carbon capture facility to 20 per cent.

Jennifer Williams, CEO of NL Hydro, speaks with John Abbott, minister of housing, during a debate in the House of Assembly, in St. John's, Tuesday, Jan. 7, 2025.  THE CANADIAN PRESS/Paul Daly
ElectricityHydropowerIntertiesPolitics

Newfoundland and Labrador appoints team to broker final energy deal with Quebec

ST. JOHN’S, N.L. — Newfoundland and Labrador’s government has appointed a team for the next round of negotiations with Hydro-Québec, as the provinces’...

Prime Minister Justin Trudeau and Polish Prime Minister Donald Tusk shake hands after taking part in a joint press conference at the Chancellery of the Prime Minister in Warsaw, Poland on Tuesday, Jan. 28, 2025. THE CANADIAN PRESS/Sean Kilpatrick
ElectricityNuclear PowerPolitics

Trudeau, Polish PM sign nuclear energy cooperation agreement

The two leaders also signed the Canada-Poland Nuclear Energy Co-operation Agreement on Tuesday.

A flare stack burns off excess gas at a processing facility near Crossfield, Alta., June 13, 2023. THE CANADIAN PRESS/Jeff McIntosh
BusinessNatural Gas

Manitoba regulator approves hikes in natural gas, northern propane rates

WINNIPEG — Manitobans are going to pay a bit more for natural gas as well as propane used for home heating. The province’s...

Nova Scotia Premier Tim Houston arrives for a first ministers meeting in Ottawa on Jan. 15. THE CANADIAN PRESS/Sean Kilpatrick
BusinessEconomyEnvironmentOilPolitics

Fishers worried by N.S. premier’s musings over lifting oil-exploration moratorium

HALIFAX — Nova Scotia seafood industry representatives voiced concerned Thursday over comments from the premier that he’s open to ending a moratorium on...

FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo

EU to pare back sustainability rules for companies, draft shows

By Kate Abnett and Virginia Furness BRUSSELS/LONDON (Reuters) – The European Commission plans to cut back the number of companies facing EU sustainability...

FILE PHOTO: A BMW logo is seen on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo

BMW says it will review timing of electric Mini production in UK

LONDON (Reuters) – BMW said on Saturday it is rethinking its timetable for manufacturing all-electric Mini cars in Britain, citing uncertainties facing the...

Lilium burnt through huge sums while trying to develop its jet (AFP)

German flying taxi start-up’s rescue deal collapses

A German flying taxi start-up said on Friday it would halt operations after a deal to rescue it fell through, the latest turbulence...

FILE PHOTO: Renault R5 E-Tech 100% electric cars are displayed on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo

Electric transport groups urge EU not to ease CO2 emission rules

By Alessandro Parodi and Philip Blenkinsop (Reuters) – The European Union should reject European automakers’ push to weaken 2025 CO2 car emission targets...

First Minister John Swinney was shown a hydrogen gas cooker during the visit (Jane Barlow/PA)
ClimateHydrogen

Swinney: Hydrogen-powered home is ‘exciting’ development in climate change fight

John Swinney says the opening of the first hydrogen-powered homes at a demonstration facility in Fife is an “exciting project” which can help...

FILE PHOTO: People walk past a logo of the battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo

China’s CATL to deepen battery R&D cooperation with Volkswagen

BEIJING (Reuters) – CATL has signed a strategic cooperation MOU with Volkswagen to deepen partnership in battery R&D, new materials application and components...

FILE PHOTO: A view of the electric vehicle (EV) factory of China Evergrande New Energy Vehicle Group in Tianjin, China October 20, 2021. Picture taken October 20, 2021. REUTERS/Yilei Sun/File photo
BusinessEconomyElectric Vehicles (EVs)Finance

China Evergrande’s EV unit says struggling to attract investors amid liquidity crisis

(Reuters) – China Evergrande New Energy Vehicle said on Monday it is struggling to attract strategic investors amid a severe liquidity crisis, which...

This aerial view on Sunday, Jan. 19, 2025, shows the Bataan Nuclear Power Plant in the Philippines, which has never produced a single watt of energy. (AP Photo/Anton L. Delgado)
ElectricityNuclear Power

Southeast Asia looks to nuclear power to supercharge its energy transition

JAKARTA, Indonesia (AP) — Southeast Asia’s only nuclear power plant, completed four decades ago in Bataan, about 40 miles from the Philippine capital...

A dumper unloads coal at a coal yard at the Deendayal Port in Kandla, in the western state of Gujarat, India, September 25, 2024. REUTERS/Amit Dave/File Photo
CoalEmissions

Opinion: India’s lower coal imports mean bad news for power emissions

By Gavin Maguire LITTLETON, Colorado (Reuters) -India lowered imports of thermal coal by over 5.5 million tons in 2024 from the year before,...

FILE PHOTO: An aerial view of the machinery at the coal terminal of Huanghua port, in Hebei province, China February 1, 2023. China Daily via REUTERS/File Photo
CoalFuelMineralsMining

Column-China’s iron ore and coal imports ease in January, but prices diverge: Russell

China, the world's largest producer, consumer and importer of coal, may need less from the seaborne market as domestic supplies increase.

FILE PHOTO: The logo of Ecopetrol is pictured at its headquarters in Bogota, Colombia July 11, 2023. REUTERS/Luisa Gonzalez/File Photo
BusinessOil

Colombia’s Ecopetrol renews joint venture with Occidental Petroleum in Permian basin

BOGOTA (Reuters) – Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental...

FILE PHOTO: Workers walk along a tunnel at Codelco El Teniente copper mine, the world's largest underground copper mine, near Rancagua, Chile July 30, 2024. REUTERS/Fabian Cambero/File Photo
Critical MineralsMineralsMining

Chilean miner Codelco to use recycled material for ball milling at El Teniente mine

The move is part of efforts by the world's largest copper producer to cut its greenhouse gas emissions by 25% by 2030.

FILE PHOTO: The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. REUTERS/Washington Alves/File Photo
BusinessCritical MineralsMining

Iron ore output from Brazil’s Vale slid 4.6% in fourth quarter

By Andre Romani and Marta Nogueira SAO PAULO/RIO DE JANEIRO (Reuters) -Brazilian miner Vale posted on Tuesday its highest annual iron ore production...

FILE PHOTO: Cars queue outside a YPF gas station in Buenos Aires, Argentina, December 13, 2023. REUTERS/Agustin Marcarian/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)Trade

Argentina lifts tariffs on low-cost EVs and hybrids, cuts some auto taxes

BUENOS AIRES (Reuters) – Argentina next week will lift import tariffs on some low-cost electric and hybrid vehicles, while cutting taxes on higher-priced...

FILE PHOTO: People work during the construction of the Nestor Kirchner gas pipeline in Macachin, La Pampa, Argentina April 26, 2023. REUTERS/Martin Cossarini/File Photo
BusinessElectricityFuel

Argentina logs largest energy trade surplus in 18 years in win for Milei

BUENOS AIRES (Reuters) – Argentina logged its largest energy trade surplus in nearly two decades last year, the energy secretariat said on Tuesday,...

FILE - People walk amid an oil spill in the Niger Delta in village of Ogboinbiri, Nigeria, Dec. 11, 2024. (AP Photo/Sunday Alamba, File)
BusinessEconomyOilPolitics

Nigeria moves to restart oil production in vulnerable region after Shell sells much of its business

ABUJA, Nigeria (AP) — The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered...

FILE PHOTO: A general view of the commercial harbour of Syria's coastal city of Tartous, Syria, December 14, 2024. REUTERS/Umit Bektas/File Photo
FuelLiquefied Petroleum GasOilPoliticsTrade

Syria turns to intermediaries for oil imports after low interest in tenders, sources say

Syria's civil war decimated the country's energy industry and the new government faces an uphill battle to restore energy security.

Lesotho King Letsie III says renewable energy could transform his country's economy (AFP)
BusinessClimate FinanceEconomyElectricityFuelHydropowerSolarWind

Lesotho’s king pitches green energy to Davos elites

King Letsie III of Lesotho urges global leaders in Davos to invest in his nation's green transition.

This is a locator map for Yemen with its capital, Sanaa. (AP Photo)
ClimateEnvironmentMaritimePoliticsTransport

Tanker hit by Yemen rebels that threatened Red Sea spill has been salvaged

The Sounion had been a disaster in waiting in the waterway, with 1 million barrels of crude oil aboard.

FILE PHOTO: The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo
BusinessFuelLiquefied Petroleum Gas

Saudi Aramco and Sonatrach cut LPG prices for January

LPG is used mainly as fuel for cars, heating and as a feedstock for other petrochemicals.

X9 electric vehicles by Chinese EV manufacturer XPeng, waiting to be loaded on a ship headed  for Thailand (AFP)

China’s EV maker XPeng eyes doubling global presence by year’s end

One of China’s leading electric vehicle makers XPeng plans to double the number of countries in which the company operates by the end...

FILE PHOTO: Cranes unload imported iron ore from a cargo vessel at a port in Lianyungang, Jiangsu province, China October 27, 2019. REUTERS/Stringer/File Photo

Iron ore heads for weekly gain on brightening demand outlook, China stimulus hopes

By Amy Lv and Lewis Jackson BEIJING (Reuters) -Iron ore futures prices climbed on Friday to their highest levels in more than four...

FILE PHOTO: People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. REUTERS/Maxim Shemetov/File Photo
BusinessOilPoliticsTrade

OPEC+ likely to stick to oil output hike plan, sources say

By Maha El Dahan, Ahmad Ghaddar and Olesya Astakhova LONDON (Reuters) -OPEC+ agreed to stick to its policy of gradually raising oil output...

FILE PHOTO: Wind turbines are surrounded by fog at a wind farm in the mountains of Galicia region, near Vilalba, Spain March 20, 2024. REUTERS/Nacho Doce/File Photo
ClimateElectricityEmissionsFuelHydrogenInfrastructureSolarStorageTransmissionUtilitiesWind

Global energy transition investment exceeded $2 trln last year, report shows

Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed.

DeepSeek is raising questions about how much energy AI needs (GETTY IMAGES NORTH AMERICA)
ElectricityUtilities

DeepSeek breakthrough raises AI energy questions

Having shattered assumptions in the tech sector and beyond about the cost of artificial intelligence, Chinese startup DeepSeek’s new chatbot is now roiling...

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