Tuesday, 21 January 2025
File Photo: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo
BusinessOil

US crude futures down $1 a barrel on Trump plan to boost fossil fuel output

U.S. crude futures for March delivery fell by $1.06 to $76.33 a barrel by 2315 GMT on Monday.

Washington , DC - January 20: Newly sworn-in President Donald Trump takes part in a signing ceremony in the President’s Room following the 60th inaugural ceremony on January 20, 2025, at the US Capitol in Washington, DC. Trump became the 47th president of the United States in a rare indoor inauguration ceremony. Melina Mara/Pool via REUTERS
ClimatePolitics

World reacts to Trump’s plan to withdraw US from Paris climate pact

(Repetition) WASHINGTON (Reuters) -President Donald Trump ordered the U.S. to withdraw from the Paris climate agreement on Monday, once again placing the world’s...

FILE PHOTO: The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File photo
ClimateFinancePolitics

Scotiabank joins major Canadian lenders quitting global climate coalition

Bank of Nova Scotia on Monday joined some of Canada's biggest lenders to walk away from a global banking sector climate coalition.

AnalysisHydrogenInfrastructure

Navigating hydrogen transportation challenges in British Columbia

Report examines hydrogen transport in BC, highlighting infrastructure challenges, safety protocols, and the need for regional hubs.

President Donald Trump speaks to the crowd in Emancipation Hall at the U.S. Capitol after being sworn in as the 47th president of the United State on Monday, January 20, 2025 in Washington, DC.  Behind him is Vice-President JD Vance and to his right is House Speaker Mike Johnson. BONNIE CASH/Pool via REUTERS
AnalysisBusinessEconomyPolitics

Trade, tariffs, energy — market reaction to Trump’s inauguration speech

SINGAPORE/LONDON/NEW YORK (Reuters) -Global markets were volatile while the dollar rebounded on Tuesday in choppy trading as Donald Trump returned to the White...

FILE PHOTO: The Rocky Mountains are pictured as a layer of air pollution hangs over Denver, Colorado, U.S. January 21, 2020. Picture taken January 21, 2020. REUTERS/Jim Urquhart/File Photo
ClimatePolitics

Trump to withdraw from Paris climate agreement, White House says

U.S. President Donald Trump will withdraw from the Paris climate agreement, according to a White House document released on Monday.

FILE PHOTO: A view shows aluminium bars produced at the Krasnoyarsk Aluminium Smelter (KrAZ) of Rusal in the Siberian city of Krasnoyarsk, Russia July 17, 2024. REUTERS/Alexander Manzyuk/File Photo
BusinessIndustryInfrastructure

Column: Global aluminium market faces a year of trade turbulence

It's going to be a busy year for aluminium traders as the global market navigates multiple geopolitical storms.

FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo
AnalysisClimateFinance

Central banks’ green push hits a hurdle as Fed drops out

A global effort by central banks to join the fight against climate change has hit a major hurdle with the U.S. Federal Reserve's...

President Donald Trump and Vice President JD Vance listen to Christopher Macchio sing during the 60th Presidential Inauguration in the Rotunda of the U.S. Capitol in Washington, Monday, Jan. 20, 2025.     Julia Demaree Nikhinson/Pool via REUTERS
BusinessPolitics

Trump to declare ‘national energy emergency’ to boost fossil fuels, power projects

Donald Trump will sign an executive order declaring a national energy emergency aimed at boosting U.S. oil and gas production.

FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, November 20, 2012.   REUTERS/Arnd Wiegmann/File Photo
BusinessCritical Minerals

Glencore open to deals as investors brace for more mining M&A

Glencore said it is open to M&A transactions that create value for its shareholders, leveraging its position as a top three global copper...

FILE PHOTO: An offshore oil rig is pictured off the coast of Huntington Beach, California, U.S., November 14, 2024.  REUTERS/Mike Blake/File Photo
AnalysisBusinessPoliticsRegulations

Explainer: Can Trump overturn Biden’s offshore drilling ban?

By Nate Raymond (Reuters) – President Donald Trump in an executive order on Monday revoked a ban imposed by former Democratic President Joe...

AnalysisHydrogenInfrastructure

Navigating hydrogen transportation challenges in British Columbia

Report examines hydrogen transport in BC, highlighting infrastructure challenges, safety protocols, and the need for regional hubs.

President Donald Trump speaks to the crowd in Emancipation Hall at the U.S. Capitol after being sworn in as the 47th president of the United State on Monday, January 20, 2025 in Washington, DC.  Behind him is Vice-President JD Vance and to his right is House Speaker Mike Johnson. BONNIE CASH/Pool via REUTERS
AnalysisBusinessEconomyPolitics

Trade, tariffs, energy — market reaction to Trump’s inauguration speech

SINGAPORE/LONDON/NEW YORK (Reuters) -Global markets were volatile while the dollar rebounded on Tuesday in choppy trading as Donald Trump returned to the White...

FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo
AnalysisClimateFinance

Central banks’ green push hits a hurdle as Fed drops out

A global effort by central banks to join the fight against climate change has hit a major hurdle with the U.S. Federal Reserve's...

FILE PHOTO: A staff is pictured as he fills up the Emirates Airlines Boeing 777-300ER with Sustainable Aviation Fuel (SAF), during a milestone demonstration flight while running one of its engines on 100% (SAF) at Dubai airport, in Dubai, United Arab Emirates, January 30, 2023. REUTERS/Rula Rouhana/File Photo
AnalysisAviationEmissions

At aviation meeting, ESG takes backseat to jet shortages

Dublin's air finance summit sidestepped sustainability amid parts shortages, stoking fears of “ESG fatigue” in aviation.

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo
AnalysisOilOpinionTrade

Column: China response key to crude oil after new sanctions on Russia

China may cut crude imports and tap inventories as U.S. sanctions on Russian oil disrupt supply, pressuring global prices.

FILE PHOTO: An offshore oil rig is pictured off the coast of Huntington Beach, California, U.S., November 14, 2024.  REUTERS/Mike Blake/File Photo
AnalysisBusinessPoliticsRegulations

Explainer: Can Trump overturn Biden’s offshore drilling ban?

By Nate Raymond (Reuters) – President Donald Trump in an executive order on Monday revoked a ban imposed by former Democratic President Joe...

FILE PHOTO: A view of the plant of German carmaker Volkswagen in Osnabrueck, Germany October 7, 2024. REUTERS/Thilo Schmuelgen/File Photo
AutomotiveBusinessElectric Vehicles (EVs)Politics

Volkswagen looks forward to working with U.S. gov’t amid tariff concerns, spokesperson says

By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Volkswagen on Tuesday warned against the “harmful economic impact” of tariffs that U.S. President Donald...

Washington , DC - January 20: Newly sworn-in President Donald Trump takes part in a signing ceremony in the President’s Room following the 60th inaugural ceremony on January 20, 2025, at the US Capitol in Washington, DC. Trump became the 47th president of the United States in a rare indoor inauguration ceremony. Melina Mara/Pool via REUTERS
ClimatePolitics

World reacts to Trump’s plan to withdraw US from Paris climate pact

(Repetition) WASHINGTON (Reuters) -President Donald Trump ordered the U.S. to withdraw from the Paris climate agreement on Monday, once again placing the world’s...

President Donald Trump speaks to the crowd in Emancipation Hall at the U.S. Capitol after being sworn in as the 47th president of the United State on Monday, January 20, 2025 in Washington, DC.  Behind him is Vice-President JD Vance and to his right is House Speaker Mike Johnson. BONNIE CASH/Pool via REUTERS
AnalysisBusinessEconomyPolitics

Trade, tariffs, energy — market reaction to Trump’s inauguration speech

SINGAPORE/LONDON/NEW YORK (Reuters) -Global markets were volatile while the dollar rebounded on Tuesday in choppy trading as Donald Trump returned to the White...

FILE PHOTO: The Rocky Mountains are pictured as a layer of air pollution hangs over Denver, Colorado, U.S. January 21, 2020. Picture taken January 21, 2020. REUTERS/Jim Urquhart/File Photo
ClimatePolitics

Trump to withdraw from Paris climate agreement, White House says

U.S. President Donald Trump will withdraw from the Paris climate agreement, according to a White House document released on Monday.

President Donald Trump and Vice President JD Vance listen to Christopher Macchio sing during the 60th Presidential Inauguration in the Rotunda of the U.S. Capitol in Washington, Monday, Jan. 20, 2025.     Julia Demaree Nikhinson/Pool via REUTERS
BusinessPolitics

Trump to declare ‘national energy emergency’ to boost fossil fuels, power projects

Donald Trump will sign an executive order declaring a national energy emergency aimed at boosting U.S. oil and gas production.

Bloc leader Yves-François Blanchet speaks with reporters in the foyer of the House of Commons, Tuesday, Dec 17, 2024 in Ottawa.  THE CANADIAN PRESS/Adrian Wyld
ElectricityPolitics

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...

Former Deputy Prime Minister and Finance Minister Chrystia Freeland speaks with reporters in Ottawa, Tuesday, Dec. 10, 2024. THE CANADIAN PRESS/Adrian Wyld
ClimatePoliticsRegulations

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...

FILE PHOTO: The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File photo
ClimateFinancePolitics

Scotiabank joins major Canadian lenders quitting global climate coalition

Bank of Nova Scotia on Monday joined some of Canada's biggest lenders to walk away from a global banking sector climate coalition.

AnalysisHydrogenInfrastructure

Navigating hydrogen transportation challenges in British Columbia

Report examines hydrogen transport in BC, highlighting infrastructure challenges, safety protocols, and the need for regional hubs.

President-elect Donald Trump speaks during a meeting with Republican governors at Mar-a-Lago, Thursday, Jan. 9, 2025, in Palm Beach, Fla. THE CANADIAN PRESS/AP-Evan Vucci
ElectionsEmissionsEnvironmentFuelNatural GasOilTrade

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.

FILE PHOTO: The logo for Orsted can be seen on the jacket worn by an employee as he talks to journalists during a visit to the offshore wind farm near Nysted, Denmark, September 4, 2023. REUTERS/Tom Little/File Photo
BusinessOffshore WindPoliticsWind

Trump’s anti-wind policy hits European companies

European wind shares fell on Tuesday after U.S. President Donald Trump axed support for new offshore wind power on his first day in...

FILE PHOTO: FILE PHOTO: Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Liquefied Natural GasPoliticsTrade

Portugal to import more US, Nigerian LNG, aims to end Russian supply

LISBON (Reuters) – Portugal plans to increase purchases of liquefied natural gas (LNG) from the United States and Nigeria as it aims to...

The dip in electric vehicle sales in Europe follows several years of strong growth (AFP)
BusinessEconomyElectric Vehicles (EVs)

EV sales slip in Europe in 2024 in overall stable car market

Sales of electric cars slid last year in Europe in an otherwise stable market, data from carmakers showed Tuesday. A total of 1.99...

Worker in the Siemens Energy turbine factory in Hull (Danny Lawson/PA)
BusinessLabour

Britain risks clean power skills shortage, says Siemens Energy UK boss

UK risks a skilled clean energy worker shortage as Labour boosts investment; Siemens Energy calls for urgent training initiatives.

Turbines of the WindFloat Atlantic Project, a floating offshore wind-power generating platform, are seen 20 kilometers off the coast in Viana do Castelo, Portugal, September 23, 2021. REUTERS/Violeta Santos Moura/ File Photo
BusinessInfrastructureOffshore WindWind

Portugal keen to create offshore wind cluster, could reach 10 gigawatts

Portugal advances offshore wind plans with a 10 GW goal, approving four ocean zones for upcoming renewable energy auctions.

FILE PHOTO: A man is seen amid air pollution during sunrise, in Bangkok, Thailand, January 20, 2025. REUTERS/Chalinee Thirasupa/File Photo
BusinessPolitics

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...

File Photo: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo
BusinessOil

US crude futures down $1 a barrel on Trump plan to boost fossil fuel output

U.S. crude futures for March delivery fell by $1.06 to $76.33 a barrel by 2315 GMT on Monday.

FILE PHOTO: A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo
BusinessOilPoliticsTrade

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.

FILE PHOTO: An employee sifts diamonds at a diamond cutting and polishing factory in Surat, Gujarat March 3, 2009.  REUTERS/Arko Datta/File Photo
BusinessEnvironmentMineralsMining

India’s NMDC to extract diamonds worth $3.4 million from mine near tiger reserve

NMDC in India is expected to extract 6,500 carats of diamonds, worth $3.4 million, this fiscal year from ores in a mine near...

The new Tata Harrier electric vehicle (EV) is presented during India's five-day auto show in New Delhi, India, January 17, 2025. REUTERS/Priyanshu Singh
BusinessElectric Vehicles (EVs)

Carmakers at India auto show unveil charging network plans, new EVs

India’s auto giants Maruti, Tata, and Hyundai unveiled plans at the New Delhi Auto Show to expand EV charging networks nationwide.

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
Critical MineralsMineralsMining

Brazil’s Cosan unloads stake in miner Vale

The move was "based solely on the goal of optimizing its capital structure," the Brazilian conglomerate said.

FILE PHOTO: Fernanda Jerez, a Chuquicamata copper mine underground mining project worker, poses for a picture, in Calama, Chile, February 6, 2024. REUTERS/Pablo Sanhueza/File Photo
BusinessCritical MineralsLabourMineralsMining

Analysis: Codelco workers fear copper production push hard to maintain

The company is targeting annual production of 1.7 million metric tons by the end of the decade.

FILE PHOTO: A woman shops for groceries at a market in Lima, Peru July 17, 2018.  REUTERS/Mariana Bazo/File Photo
Critical MineralsEconomy

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.

FILE PHOTO: The headquarters of Argentina's state energy company YPF is seen in Buenos Aires, Argentina February 10, 2021. Picture taken February 10, 2021. REUTERS/Matias Baglietto/File Photo
BusinessFuelNatural GasOil

JPMorgan upgrades YPF, expecting further growth for Argentine energy sector

In 2024, YPF's shares soared more than 150% amid a major rally in Argentine stocks.

FILE PHOTO: An environmental activist holds a sign reading 'Not to Dominga' before Chile's committee of ministers denied permits for Andes Iron?s Dominga copper and iron mining project, in Santiago, Chile, January 18, 2023. REUTERS/Ivan Alvarado/File Photo
BusinessClimateCritical MineralsEnvironmentMiningRegulations

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.

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.

FILE PHOTO: A drone view shows cityscape in Riyadh, Saudi Arabia - December 1, 2024 REUTERS/Mohammed Benmansour/File Photo
BusinessCarbon ManagementSolarWind

Saudi Arabia’s non-oil private sector keeps growing solidly in December, PMI shows

Saudi Arabia's non-oil private sector ended 2024 strong, highlighting progress under 'Vision 2030.'

FILE PHOTO: FILE PHOTO: Cocoa pods are pictured at a farm in Sinfra, Ivory Coast April 29, 2023. REUTERS/Luc Gnago/File Photo
AgricultureClimateEnvironmentWeather

Dry weather threatens Ivory Coast cocoa crop, farmers say

Last week, no rain fell in most of Ivory Coast's cocoa regions, raising concerns over bean quality and supply.

FILE PHOTO: President and CEO of Saudi's Aramco, Amin H. Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. REUTERS/Hamad I Mohammed/File Photo
BusinessEconomyOil

Exclusive: Aramco chief tells Davos he expects additional oil demand of 1.3 million bpd this year

By Marwa Rashad DAVOS, Switzerland (Reuters) -Saudi oil giant Aramco’s Chief Executive Amin Nasser said on Tuesday he sees the oil market as...

FILE PHOTO: A view shows aluminium bars produced at the Krasnoyarsk Aluminium Smelter (KrAZ) of Rusal in the Siberian city of Krasnoyarsk, Russia July 17, 2024. REUTERS/Alexander Manzyuk/File Photo
BusinessIndustryInfrastructure

Column: Global aluminium market faces a year of trade turbulence

It's going to be a busy year for aluminium traders as the global market navigates multiple geopolitical storms.

FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo
AnalysisClimateFinance

Central banks’ green push hits a hurdle as Fed drops out

A global effort by central banks to join the fight against climate change has hit a major hurdle with the U.S. Federal Reserve's...

FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, November 20, 2012.   REUTERS/Arnd Wiegmann/File Photo
BusinessCritical Minerals

Glencore open to deals as investors brace for more mining M&A

Glencore said it is open to M&A transactions that create value for its shareholders, leveraging its position as a top three global copper...

FILE PHOTO: A worker checks copper rods at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam in this file photo from August 11, 2017. REUTERS/Kham/File Photo
BusinessCritical MineralsMiningTrade

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...