Tag - oil

 
 

OIL

U.S. President Donald Trump signs one of five executive orders related to the oil pipeline industry in the Oval Office of the White House in Washington on Jan. 24, 2017.
BUSINESS / Markets
Nov 7, 2024
From oil to EVs, here’s how Trump’s victory affects energy
The prospect of a Trump-era pullback from some policies promoting emission-free energy has already helped spark a slide in shares of renewable power firms.
Coral growing off Indonesia's Komodo island, located in the marine rich Coral Triangle
ENVIRONMENT / Sustainability
Oct 27, 2024
Report details fossil fuel threat to 'Amazon of the seas'
The Coral Triangle covers waters claimed by Indonesia, Malaysia, Papua New Guinea, Singapore, the Philippines, Timor-Leste and the Solomon Islands.
The Saudi Aramco logo at the Hyvolution exhibition in Paris on Feb. 1
BUSINESS / Companies
Oct 16, 2024
Aramco cancels Saudi chemical project as it focuses on Asia
Aramco is pursuing a series of deals in China that would guarantee long-term demand for Saudi crude.
United Arab Emirates Minister of Industry and Advanced Technology and COP28 President Sultan Ahmed Al Jaber speaks during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, on Nov. 30, 2023.
ENVIRONMENT / Climate change
Oct 8, 2024
Top of the COPs: The key U.N. climate summits
The United Nations has been holding global climate summits, or COPs (Conference of the Parties), since 1995.
WTI futures surged as much as 11% amid concern that Israel might strike oil facilities in retaliation for Iran’s missile attack.
BUSINESS / Markets
Oct 7, 2024
Oil bets are the most bullish in two years as Mideast tension flares
The escalation in the Middle East has changed everything, with most traders now looking to buy insurance against a surge in oil prices.
Haitham Al-Ghais, general secretary of Organization of the Petroleum Exporting Countries (OPEC), attends the Rio Oil & Gas & Energy 2024 meeting in Rio de Janeiro on Tuesday.
BUSINESS / Markets
Sep 25, 2024
No peak oil demand 'on the horizon' and phaseout a 'fantasy,' OPEC says
The oil cartel's prediction runs counter to the assessment of the Paris-based International Energy Agency.
Bulk carriers float offshore from Singapore, on Feb. 19.
WORLD
Sep 19, 2024
The shadow fleet transporting sanctioned gas for Russia
In the short term it could provide some wartime profit, but Moscow's ultimate goal is to triple LNG exports by 2030.
The Ferrari of Charles Lecrerc, with a Shell logo placed prominently on the car's nose, during the Azerbaijan Grand Prix on Sunday.
MORE SPORTS
Sep 18, 2024
Energy companies have spent $5.6 billion on 'sportswashing': report
The report says soccer, auto racing, rugby and golf are the sports most sponsored by energy companies.
An oil slick in the waters off the coast of Manila Bay, in Pamarawan, Malolos, Bulacan province, Philippines, on July 29.
ASIA PACIFIC / Society
Sep 14, 2024
Philippine fishers call for justice after oil tanker sinks
The largest oil spill in the country since 2006 prompted the government to impose a fishing ban that has pushed the industry toward debt and hunger.
The Panama-flagged oil tanker Blue Lagoon I transits the Bosphorus in Istanbul on June 14.
WORLD
Sep 3, 2024
U.S. military says Houthis attacked two crude oil tankers in Red Sea
The Houthis first launched aerial drone and missile strikes on the waterway in November, in solidarity with Palestinians under assault in Israel's war on Gaza.
The Nafoora oil field in Jakharrah, Libya, on Tuesday
BUSINESS
Sep 1, 2024
Libya’s political feud threatens return of oil supply chaos
The North African nation’s crude output was slashed in half last week amid a fight for control of the central bank.
Flames and smoke rise on Sunday from the Greek-flagged oil tanker Sounion, which has been on fire on the Red Sea since Aug. 23.
WORLD
Aug 29, 2024
Yemen's Houthis will let salvage crews access oil tanker in Red Sea
The damaged oil tanker is carrying 150,000 metric tons of crude oil.
A petrochemical plant in China. Asia's producers face the toughest outlook, with oversupply likely to persist.
BUSINESS / Companies / ANALYSIS
Aug 9, 2024
Petrochemical makers enter survival mode amid global glut
Major petrochemical producers in Asia and Europe are selling assets, shutting older plants, and retrofitting facilities.
Philippine Coast Guard personnel aboard a helicopter conduct an aerial survey off Manila on Thursday, after the oil tanker MT Terra Nova capsized.
ASIA PACIFIC
Jul 25, 2024
Tanker capsizes off Philippines, with one crew missing amid oil spill
The ship was carrying 1,494 metric tons of industrial fuel.
Turkey has facilitated the flow of Russian oil to the European Union, enabling the Kremlin to circumvent the bloc’s sanctions and prolonging the Ukraine war.
COMMENTARY / World
Jul 24, 2024
Europe must clamp down on Russian oil flows through Turkey
Turkey has facilitated the flow of Russian oil to the European Union, enabling the Kremlin to circumvent the bloc’s sanctions and prolonging the Ukraine war.
Homes are surrounded by flood waters after Hurricane Beryl made landfall in Sargent, Texas, on July 8.
COMMENTARY / World
Jul 22, 2024
The great climate change wealth transfer is here
Fossil fuel profits are sky-high, as are the costs of climate change. By subsidizing oil and gas while putting tariffs on green tech, governments are making things worst.
Namibia is emerging as an oil exploration hub with major finds by different oil giants, which could significantly boost the country's economy.
BUSINESS / Markets
Jul 18, 2024
African outpost Namibia gets ready to become new oil hotspot
Massive oil finds 180 miles off Namibia’s coast have seen an 80% success rate since 2022 — an almost unprecedented achievement.
Narita International Airport will accept imported jet fuel to deal with a fuel shortage.
BUSINESS / Companies
Jul 14, 2024
Narita Airport to accept imported jet fuel amid Japan shortage
The move comes as Japan witnesses a sharp rise in the number of foreign travelers, partly attracted by the yen trading at a 38-year low.
People wait for treatment at a make-shift emergency clinic serving people displaced by conflict from Singa, Sennar, and Dinder, at a former technical education school building in Kassala in eastern Sudan on Saturday.
WORLD
Jul 9, 2024
No oil, no food: Damaged pipeline piles misery on South Sudan
The damaged pipeline, vital for South Sudan's crude oil exports, accounted for about 90% of the country's GDP.
A bull statue stands outside the Shenzhen Stock Exchange building in Shenzhen in September 2019.
BUSINESS / Markets
Jul 9, 2024
China’s plenum promises cues for commodity bulls and bears
China is the world’s biggest importer of commodities and its dominant supplier of clean energy, so decisions taken in Beijing ripple across the world.

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