Tag - oil

 
 

OIL

U.S. President Donald Trump and Hungarian Prime Minister Viktor Orban hold a meeting in the Cabinet Room of the White House in Washington on Friday.
WORLD / Politics
Nov 8, 2025
Hungary's Orban wins Russian oil sanctions exemption from Trump
The U.S. decision to impose sanctions on Russia’s biggest oil firms threatened to undermine Prime Minister Viktor Orban’s already shaky bid for a fifth consecutive term.
Officials of the six ruling and opposition parties attend a meeting to discuss scrapping the provisional gasoline tax surcharge, held at the parliament building on Wednesday.
JAPAN
Nov 5, 2025
Search for alternate funding after gas tax abolition to be delayed one year
Abolishing the provisional gasoline tax, which the ruling and opposition parties formally agreed to scrap on Dec. 31, is expected to generate a revenue drop of about ¥1.5 trillion.
State-owned giants in China such as Sinopec and PetroChina have canceled some Russian cargoes in the wake of U.S. sanctions on Rosneft and Lukoil last month, according to traders.
BUSINESS
Nov 3, 2025
Russian oil finds fewer takers in China after hit from sanctions
The U.S. and its allies are ratcheting up sanctions on both Russian producers and their customers in a bid to stop the war by choking off Moscow’s oil revenues.
The USS Gravely, a U.S. Navy warship, is seen departing the Port of Spain on Thursday. The U.S. warship arrived in Trinidad and Tobago on Sunday for joint exercises near the coast of Venezuela.
WORLD
Oct 31, 2025
As U.S. blows up drug boats, Venezuelan oil continues to flow
“Shadow tankers,” which transport sanctioned or illicit Venezuelan oil, are still coming and going.
Prime Minister Sanae Takaichi reportedly turned down a request from the U.S. to cease imports of liquefied natural gas from Russia.
BUSINESS / Economy
Oct 30, 2025
Takaichi pushed back on U.S. request to ban Russian gas imports, sources say
Russian LNG accounts for nearly 9% of Japan's total LNG imports, with companies Mitsui and Mitsubishi holding stakes in the Sakhalin-2 project in Russia's Far East.
Richard Attias has credited the Future Investment Initiative with playing a crucial role in driving investment, generating as much as $190 billion in deals since its 2017 launch.
BUSINESS / Tech
Oct 28, 2025
Saudi power broker pitches kingdom’s AI pivot to Wall Street
Richard Attias, who spent the past decade courting investors to back Saudi Arabia, credited the Future Investment Initiative with playing a crucial role in driving investment.
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.

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Bear attacks have dominated Japanese news headlines in recent months, with 13 people so far having been killed by the animals.
Japan’s bears have been on their killing spree for more than 100 years