Politics
EU open to US energy, arm sales talks to stave off tariffs
By Marta Fiorin and Cecile Mantovani DAVOS, Switzerland (Reuters) – The European Union is open to discussing purchases of energy and arms from the United States to ward off tariffs...
EU open to US energy, arm sales talks to stave off tariffs
By Marta Fiorin and Cecile Mantovani DAVOS, Switzerland (Reuters) – The European Union is open to discussing purchases of energy and arms from the United States to ward off tariffs that President Donald Trump has threatened to impose on the bloc, EU’s top economy official said on Thursday. Trump has vowed to address a long-running […]
Italy’s plan for return to nuclear power ready by end-2027, minister says
Italy aims to finalise by the end of 2027 a plan allowing the use of nuclear power again after it was banned almost...
Senate panel easily approves Trump’s picks to run energy, interior departments
By Timothy Gardner WASHINGTON (Reuters) -U.S. Senate committees on Thursday approved President Donald Trump’s choices to run energy and environmental policy – officials...
Chinese EV makers file challenges to tariffs at EU court
By Philip Blenkinsop BRUSSELS (Reuters) -Chinese electric vehicle makers BYD, Geely and SAIC have challenged the EU’s import tariffs at the Court of...
Middlemen have halted Russian oil cargo offers after US sanctions, Indian refiner says
By Nidhi Verma NEW DELHI (Reuters) – Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers,...
Global green energy push likely to continue despite Trump climate retreat: UN
Donald Trump’s decision to withdraw the United States from the Paris climate agreement should not slow the global momentum towards renewable energy investments...
Citi raises average 2025 oil price forecasts, citing geopolitical risks
Citi on Wednesday raised its oil price outlook for 2025 due to geopolitical risks centred on Russia and Iran.
Oil prices extend losses on uncertainty over Trump tariff impact
By Nicole Jao NEW YORK (Reuters) -Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring...
Europe posts record year for clean energy use as Trump pulls US toward fossil fuels
A record 47% of the European Union’s electricity now comes from solar and other renewables, a report Thursday said, in yet another sign...
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.
Japan firms must prepare for Trump tariff fallout, Suntory chief says in Davos
Japanese companies remain bullish about investing in the U.S. but need to prepare for supply chain shocks.
BMW joins Chinese EV makers in filing EU court challenge to tariffs
BMW has joined Chinese producers in filing a challenge at the Court of Justice of the European Union against EU tariffs on China-made...
India says sanctioned Russian oil tankers can discharge before Feb 27
By Nidhi Verma NEW DELHI (Reuters) – The United States has clarified to India that tankers loaded with Russian oil have to discharge...
Bloomberg philanthropy to cover U.S. climate dues after Paris withdrawal
By Valerie Volcovici WASHINGTON (Reuters) -Former New York Mayor Michael Bloomberg’s philanthropy arm said on Thursday it will provide funding to help cover...
Middlemen have halted Russian oil cargo offers after US sanctions, Indian refiner says
By Nidhi Verma NEW DELHI (Reuters) – Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers,...
Global green energy push likely to continue despite Trump climate retreat: UN
Donald Trump’s decision to withdraw the United States from the Paris climate agreement should not slow the global momentum towards renewable energy investments...
Japan firms must prepare for Trump tariff fallout, Suntory chief says in Davos
Japanese companies remain bullish about investing in the U.S. but need to prepare for supply chain shocks.
Louisiana’s Argent LNG sets deal with government of Bangladesh
Argent LNG's 5M-ton Bangladesh deal marks first major U.S. LNG pact under President Donald Trump's pro-energy push.
‘We’ve got to move forward’ — Michigan electric vehicle industry responds to Trump policy changes
While President Trump took aim at the electric vehicle industry this week, there is still optimism about the industry’s future in Michigan.
Venture Global aims for $64 billion valuation at debut in test for energy IPOs
Venture Global's shares were indicated to open up to 6% above their offer price in their debut on the New York Stock Exchange...
Blackstone to buy $1 billion Virginia power plant near data centers
By David French (Reuters) -The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the...
Oil industry unlikely to rush to Alaska despite Trump’s call to drill
By Sheila Dang and Valerie Volcovici HOUSTON/WASHINGTON (Reuters) – U.S. oil and gas companies are unlikely to expand development in Alaska and the...
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...
B.C. First Nations leader reverses stance on pipeline as Trump tariff threat looms
VANCOUVER — The president of the Union of BC Indian Chiefs is reversing his previous opposition to the scrapped Northern Gateway pipeline project...
Smith says taxpayers must be protected from lawsuits as Alberta lifts coal moratorium
EDMONTON — Alberta Premier Danielle Smith says the province had taxpayers in mind when it decided to lift a ban on new coal...
Cutting energy to U.S. in response to Trump tariffs is ‘absurd,’ says Bloc Québécois leader
OTTAWA — The leader of the Bloc Québécois says Canada is playing with fire by suggesting it could cut oil or electricity exports...
Canada’s Liberal leadership hopefuls distance themselves from carbon pricing
OTTAWA — The three frontrunners in the Liberal leadership race have all backed away — to one degree or another — from the...
Putin says he and Trump should meet to discuss Ukraine and energy prices
Putin seeks a meeting with Trump to discuss Ukraine and energy, but insists Zelenskiy must lift his ban on talks first.
Ukrainian drones hit big Russian oil refinery at Ryazan, sources say
Ukrainian drones strike Russian oil refinery in Ryazan, sparking fire, damaging key units processing five per cent of Russia's oil.
Trump says US will guarantee LNG supplies for Europe
Trump says US would guarantee supplies of LNG to Europe, even amid worries that the booming export industry could boost prices of gas...
EU open to US energy, arm sales talks to stave off tariffs
By Marta Fiorin and Cecile Mantovani DAVOS, Switzerland (Reuters) – The European Union is open to discussing purchases of energy and arms from...
Most Scots want more North Sea oil and gas to meet energy needs, poll finds
More than seven in 10 Scots back drilling in the North Sea to reduce the country’s reliance on foreign imports, a survey has...
LG Energy Solution flags slowing EV demand, posts first quarterly loss in 3 years
LGES plans to cut capital expenditure by up to 30% this year on slowing EV demand growth, after posting a quarterly loss for...
EV maker VinFast’s losses heap pressure on parent Vingroup as foreign investors sell
By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric...
Thai cabinet approves collection of carbon tax
BANGKOK (Reuters) – Thailand’s cabinet on Tuesday agreed to levy a carbon tax of 200 baht ($5.88) per ton of carbon emissions, a...
China’s crude oil imports from top supplier Russia reach new high in 2024
Volumes from Russia — including pipeline and seaborne supplies — amounted to 2.17 million barrels per day.
Tanker under US sanctions discharges oil at Chinese port, LSEG data shows
The tanker is the first since last week's sanctions announcement to discharge in Shandong province.
Copper giant Peru sees economy expand for eighth straight month
Peru's GDP grew 3.93% in November 2023, marking eight months of expansion, driven by strong agriculture and fishing sectors.
Chile rejects environmental permit for Dominga copper and iron mine
Chile rejected an environmental permit for Andes Iron's controversial $2.5 billion Dominga iron and copper mining project on Wednesday.
Copper output at Chile’s Codelco rose to 1.328 million tons in 2024, document shows
Codelco's 2024 copper output hit 1.328M tons, slightly above 2023, despite challenges like declining ore grades and project issues.
Argentina privatizes state metal firm in Milei era first
The company's shares will be transferred to the U.S.-based consortium Industrial Acquisition Fund, whose top partner is Arc Energy.
Brazil’s Amazon saw highest number of fires in 17 years: agency
In 2024, Brazil's Amazon saw 140,328 fires, the highest in 17 years, amid a lengthy drought and ongoing deforestation efforts.
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.
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.
Iran’s Revolutionary Guards extend control over Tehran’s oil exports, sources say
Iran's Revolutionary Guards have tightened their grip on the country's oil industry and control up to half the exports of Iranian oil.
Apple says it has told suppliers to stop buying minerals from Congo
Apple told suppliers their smelters and refiners must stop buying tin, tantalum, tungsten and gold from the DRC and Rwanda as conflict has...
Crunch time for Saudi-hosted drought, desertification talks
Global land restoration talks in Saudi Arabia highlight funding challenges in combating worldwide desertification crisis.
Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says
The copper market is pricing in odds of about 50% that there will be a 10% U.S. tariff on the metal by the...
Indonesia launches international carbon exchange
Indonesia launches a carbon exchange for global buyers, seeking funds to achieve ambitious climate goals.
Tariffs, deportations and ‘drill, baby, drill’: What to watch for as Trump returns
The looming threat of devastating tariffs slapped against Canada hangs over Trump's return to the White House on Monday.
Four of Canada’s biggest banks leave climate alliance
The Net-Zero Banking Alliance aims to accelerate climate action among financial institutions.
Republican-led states sue Biden administration over offshore drilling ban
Republican-led states sue over Biden's ban on new offshore oil and gas projects along most U.S. coastlines.
US FTC finalizes consent order for $53 billion Chevron-Hess merger
The U.S. Federal Trade Commission approves a consent order to resolve antitrust issues in Chevron's $53B Hess takeover.
LA public utility’s wildfire liability hinges on equipment’s role, Moody’s says
Moody's says LADWP's liability for the Palisades Fire hinges on equipment involvement; damage to assets deemed manageable.
BMO becomes first Canadian bank to withdraw from Net-Zero Banking Alliance
BMO becomes the first Canadian bank to exit the NZBA, following similar moves by major U.S. lenders under political pressure.
US clean energy tax subsidies to cost $825 billion over 10 years, CBO says
U.S. clean energy subsidies under Biden's Inflation Reduction Act to raise deficits by $825B over the next decade, CBO says.
Federal Reserve withdraws from global regulatory climate change group
The Federal Reserve exits global climate risk group NGFS, citing its scope as beyond the Fed's statutory mandate.