Tuesday, 4 March 2025

International

FILE PHOTO: The Druzhba oil pipeline between Hungary and Russia is pictured at the Hungarian MOL Group's Danube Refinery in Szazhalombatta, Hungary, May 18, 2022. REUTERS/Bernadett Szabo//File Photo
BusinessElectionsFuelNatural GasNewsOilTrade

Hungary plans talks with allies to combat higher oil prices after new US sanctions on Russia

Hungary will talk with allies to address higher oil prices due to new US sanctions on Russia's energy sector.

Ligovsky Prospect, Tutunciftlik, Izmit, Turkey, December 15, 2019. REUTERS/Yoruk Isik
BusinessEconomyNewsOilPoliticsTrade

Tougher U.S. sanctions to curb Russian oil supply to China and India

US sanctions on Russian oil force China and India to seek Middle Eastern, African supplies, spiking prices and freight costs.

AnalysisAviationBusinessEmissionsEnvironmentRegulationsSustainable Aviation Fuel

Five ways to make aviation more sustainable right now

Aviation, though only 2.5 per cent of emissions, demands urgent sustainable steps to curb growth and meet net-zero goals.

As of Thursday, UK gas inventory was down 26 percent compared with one year earlier, leaving storage sites around half full, Centrica said (AFP)
FuelInfrastructureNatural GasNewsUtilities

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."

FILE PHOTO: A firefighter battles the fire in the Angeles National Forest near Mt. Wilson as the wildfires burn in the Los Angeles area, during the Eaton Fire in Altadena, California, U.S. January 9, 2025. REUTERS/Ringo Chiu/File Photo
AnalysisBusinessClimateEconomyEmissionsEnvironmentPolitics

Analysis: Politics, not climate, to drive sustainable finance trends in 2025

Turbulent sustainable finance looms in 2025 as Trump's return fuels US–Europe regulatory split amid slow climate action.

FILE PHOTO: A tourist uses a fountain to cool off amid a heatwave, in Sarajevo, Bosnia and Herzegovina, August 13, 2024. REUTERS/Amel Emric/File Photo
ClimateEnvironmentNews

WMO confirms 2024 was hottest year on record

"We saw extraordinary land and sea surface temperatures, extraordinary ocean heat, accompanied by very extreme weather."

FILE PHOTO: Brenna Peake, 25-year old volunteer from Asheville, reacts to what she said was exhaustion as she helps clean up businesses and other properties in the aftermath of Hurricane Helene, in Marshall, North Carolina, U.S. October 10, 2024. REUTERS/Jonathan Drake/ File Photo
News

Climate change shows ‘claws’ with rising costs for disasters, Munich Re says

Hurricanes, storms, floods and other natural disasters caused an estimated $140 billion in insured losses in 2024.

AnalysisBusinessCritical MineralsElectric Vehicles (EVs)ElectricityIndustryInfrastructureSolarStorageTradeTransmissionUtilitiesWind

More than ore: The pivotal role recycled copper can play in the energy transition

Substantially increasing copper recycling will complement copper from mining and support the supply of minerals needed by the energy transition.

FILE PHOTO: Vessels carrying supplies for an offshore oil platform operated by Exxon Mobil are seen at the Guyana Shore Base Inc wharf on the Demerara River, south of Georgetown, Guyana January 23, 2020. REUTERS/Luc Cohen/File Photo
BusinessFuelNewsOilTrade

Guyana oil exports jump, gain Europe market share in 2024

Guyana's oil gains favor in Europe as many refiners avoid sanctioned Russian crude and seek alternative supplies.    

FILE PHOTO: A Shell logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/ File Photo
BusinessLiquefied Natural GasNews

Shell warns of weaker fourth quarter LNG, oil trading

Shell trimmed its LNG production forecast for the quarter to 6.8-7.2 million metric tons, from a previous forecast of 6.9-7.5 million tons.

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