Monday, 21 April 2025

International

BusinessFuelNewsOilTrade

Ample supply, slow demand to temper oil price gains in 2025

31 economists and analysts predicted that Brent crude would average $74.33 per barrel in 2025.

Land-based wind turbines spin in Atlantic City, N.J. on Sept. 18, 2024. (AP Photo/Wayne Parry)
AnalysisBusinessElectricityInfrastructureOffshore WindUtilitiesWind

Still unable to find equipment makers, New Jersey offshore wind project seeks 2nd delay

New Jersey's offshore wind project seeks a second delay due to ongoing challenges in securing turbine equipment amid market volatility.

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: 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.

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.

Hurricane Milton was the single most costly event in 2024 (Alamy/PA)
ClimateEconomyEnvironmentNewsReportsResiliencyWeather

2024’s top 10 climate disasters cost more than 200 billion dollars, charity says

In 2024, the top 10 climate disasters caused over $200 billion in damages, highlighting the urgent need for action on emissions.

Many countries were hit by record-breaking floods, cyclones and other climate-related disasters in 2024 (AFP)
AnalysisClimateEnvironmentNewsResiliencyWeather

‘Dangerous new era’: climate change spurs disaster in 2024

Nowhere was spared the devastating impact of supercharged climate disasters in 2024.

FILE - A sign is displayed at an electric vehicle charging station, March 8, 2024, in London, Ohio. (AP Photo/Joshua A. Bickel, File)
AnalysisElectric Vehicles (EVs)NewsTransport

Five facts about electric vehicles in 2024

Electric vehicles had another whirlwind year around the globe, driven by buyers in China.

AnalysisBusinessClimate FinanceEconomyElectricityLegislationOpinionPoliticsReportsSolarTrade

China dominates solar PV manufacturing and trade barriers unlikely to change that

Trade barriers in the EU and U.S. have been largely ineffectual against China's dominance in solar PV manufacturing.

An employee demonstrates a sample of crude oil in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia in this picture illustration taken March 11, 2019. REUTERS/Vasily Fedosenko/Illustration
BusinessClimateEconomyEmissionsEnvironmentFinanceNatural GasNewsOilPoliticsRegulations

Plan to throttle foreign fossil fuel finance collapses at OECD, Bloomberg reports

Wealthy nations' plan to limit fossil fuel financing has collapsed, with ongoing negotiations expected to continue into January.

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