Tag - oil

 
 

OIL

An oil refinery in Russia. Oil prices jumped around 5% to a two-week high after the U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil.
BUSINESS
Oct 24, 2025
Oil surges 5% after U.S. sanctions Russian firms Rosneft and Lukoil
The U.S. said it was prepared to take further action as it called on Moscow to agree immediately to a ceasefire in Ukraine.
A Russian intercontinental ballistic missile is launched during a military exercise in the Arkhangelsk region, Russia, in this still image released Wednesday.
WORLD / Politics
Oct 23, 2025
U.S. sanctions Russian oil companies as Moscow holds nuclear drills
The new sanctions were unveiled one day after plans for a summit between U.S. President Donald Trump and Russian President Vladimir Putin fell apart.
King Bubaraye Dakolo of the Ekpetiama Kingdom in Bayelsa State, southern Nigeria, poses for a photograph in Lagos on Oct. 13.
ENVIRONMENT / Sustainability
Oct 22, 2025
'What is the value of a human life?' In Nigeria, oil giant Shell may find out.
Bubaraye Dakolo, the monarch of Ekpetiama in Nigeria, is suing a global oil giant over one of the largest corporate environmental liabilities in history.
An aerial view shows the oil tanker named Boracay (also called Pushpa), a vessel being investigated by French authorities and suspected of belonging to the so-called "shadow fleet" involved in the Russian oil trade, off the coast of Saint-Nazaire, France, on Oct. 2.
WORLD / Politics
Oct 20, 2025
EU seeks maritime declaration to inspect Russia's 'shadow fleet'
Beefing up inspection rights is the latest EU proposal aimed at curbing Russian oil and gas revenue being used by Moscow to finance its war in Ukraine.
A Hindustan Petroleum oil refinery in Mumbai. Executives at four companies that account for more than 80% of India’s oil-processing capacity say they were caught off guard by U.S. President Donald Trump's remarks that the South Asian nation would halt buying Russian crude.
BUSINESS
Oct 17, 2025
India refiners to trim Russia oil buying as Trump sows confusion
India has flip-flopped between defying the U.S. and crimping Russian imports in response to pressure from Washington to cut back.
A worker at one of the Blast Furnaces at British Steel's steelworks site on April 15
WORLD / Politics
Oct 14, 2025
Brexit, decay and politics collide on U.K.’s industrial east coast
The common thread is fading industrial competitiveness because of things like high energy costs compared to rivals like China, that politicians have struggled to address.
A Russian oil tanker is investigated by French authorities off the coast of the western France port of Saint-Nazaire on Thursday.
WORLD
Oct 3, 2025
Macron says 'shadow' tanker detention signals new plan to pressure Russia
Macron said it was yet to be determined whether the vessel had been involved in drone incursions in Denmark last week.
Kuwait, despite its vast oil wealth, is facing worsening power outages due to political gridlock, underinvestment and climate pressures — highlighting the unsustainability of fossil fuel dependence in a warming world.
COMMENTARY / World
Oct 3, 2025
Why the most oil-rich country can’t keep the lights on
Electricity was cut to 30 regions in April as temperatures soared and households cranked up the air conditioning.
Kansai Electric Power is preparing to decommission the No.1 and No. 2 units at its oil-fired Gobo thermal power station in Wakayama Prefecture, according to informed sources.
JAPAN
Sep 26, 2025
Kansai Electric to retire two units at Gobo oil-fired power station
The two units are expected to be decommissioned around next June, sources said.
U.S. President Donald Trump speaks to members of the media as he meets with Turkish President Recep Tayyip Erdogan in the Oval Office of the White House in Washington on Thursday.
WORLD
Sep 26, 2025
Trump suggests he may lift sanctions on Turkey but presses on Russian oil
Turkish President Recep Tayyip Erdogan's first visit to the White House in about six years started off with a warm welcome from Trump.
A crude oil tanker berths at an oil terminal, off Waidiao Island in Zhoushan, China. The country’s large-scale oil stockpiling is driven by cheap prices, expanded storage, new legal mandates, energy security worries and efforts to diversify away from U.S. assets.
COMMENTARY / World
Sep 21, 2025
Why is China stockpiling so much oil?
In problem-solving, the principle of Occam’s razor recommends searching for the simplest explanation. So perhaps the answer is as straightforward as "because it’s cheap.”
U.S. President Donald Trump insisted he was committed to ending the war in Ukraine and repeatedly expressed his frustration with Russian President Vladimir Putin.
WORLD / Politics
Sep 19, 2025
Trump says Putin ‘let me down’ and allies must stop buying Russian oil
While Trump said he’d be willing to consider other efforts to punish Putin, he signaled such moves would be contingent on allies ending purchases of Russian energy.
The coal-fired Hunter Power Plant in Castle Dale, Utah in 2024. A former U.S. climate envoy says President Donald Trump is leading the world "in the wrong direction" on climate and weaponizing clean energy as a culture war issue.
WORLD / Politics
Sep 18, 2025
Ex-U.S. climate envoy: Trump threatening 'consensus science' worldwide
John Podesta, former U.S. President Joe Biden's senior point person on international climate policy, testified in a case challenging the administration's fossil fuel agenda.
The CCGS Naalak Nappaaluk, an oceanographic science vessel and summer-rated icebreaker, under construction at Seaspan Shipyards
WORLD
Sep 17, 2025
Nations aiming for Arctic power can’t get enough of these ships
Thawing of the top of the world from climate change has stirred a global competition to forge new, previously unnavigable shipping routes.
Finance Minister Katsunobu Kato takes part in an online meeting of Group of Seven finance ministers on Friday.
BUSINESS
Sep 17, 2025
Japan pushes back on U.S. call for tariff hikes over Russian oil
Tokyo is cautious about joining efforts to raise tariffs on countries trading with Russia as Japan itself has continued importing LNG from its neighbor.
U.S. President Donald Trump aboard Marine One on Friday. On Saturday, Trump set conditions for imposing new sanctions on Russia, saying he would do so only if all NATO member nations did the same as well as stopped buying Russian oil and imposed steep tariffs on China.
WORLD / Politics
Sep 16, 2025
Europe stumped by Trump demands over Russia sanctions
Diplomats fear it could be a ploy by the U.S. president to again stall on taking a tough stance against Moscow himself.
U.S. President Donald Trump attends a news conference during a NATO summit in The Hague in June.
WORLD / Politics
Sep 14, 2025
Trump presses NATO nations to halt Russian oil purchases
In recent weeks, the U.S. has stepped up pressure on NATO countries to tighten energy sanctions on Russia in a bid to help end its war with Ukraine.
Local residents walk across a bridge as smoke rises following Russian drone and missile strikes in Kyiv on Sept. 7.
WORLD / Politics
Sep 13, 2025
U.S. urges G7 and EU to impose tariffs on China and India over Russian oil
Washington is also calling for a legal pathway to seize immobilized sovereign Russian assets and using the principle of those assets to fund Ukraine’s defense.
Oil pump jacks outside Almetyevsk, Russia, in July.
JAPAN
Sep 12, 2025
Japan expands sanctions against Russia
Tokyo will freeze the assets of 14 individuals and 51 organizations, including Russian officials, company executives and pro-Russian figures in Ukraine.
Eight companies are suspected of maintaining or raising prices of diesel fuel sold in Tokyo to transportation and other companies.
JAPAN / Crime & Legal
Sep 10, 2025
Eight companies raided in Japan over diesel fuel cartel
According to the sources, the firms are suspected of maintaining or raising prices of diesel sold in Tokyo to transportation and other companies.

Longform

The byzantine process for converting a foreign driver’s license into a Japanese one entails mountains of paperwork and significant stamina — unless you're a lucky license holder from a country or region where these requirements are waived.
Driving in Japan isn’t hard. Getting the license is.