Business
Oil prices post 3% annual decline, slipping for second year in a row
OIL prices fell around 3 per cent in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China’s…
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Oil
Business
Oil inches lower in thin trade, investors eye China, US data
OIL prices slipped lower on Monday (Dec 30) in thin holiday trade ahead of the year-end as traders awaited more economic data from China…
Business
Oil settles up over 1% on large draw from US crude stocks
OIL prices settled more than 1 per cent higher on Friday (Dec 27) and recorded a weekly gain in low trading volume ahead of year-end,…
Business
Oil prices ease as markets weigh China stimulus hopes
OIL edged lower on Thursday (Dec 26) in light holiday trade as the US dollar’s strength offset hopes for additional fiscal stimulus in…
Business
Oil prices edge higher on hopes for more China stimulus
OIL prices edged higher on Thursday (Dec 26) in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world’s…
Culture
Oil prices ease on surplus concerns, US dollar strength
OIL prices edged lower on Monday (Dec 23) in thin trade ahead of the Christmas holiday on concerns about a supply surplus next year and a…
Business
Oil prices firm on hopes of US policy support for economic growth
OIL prices inched higher on Monday (Dec 23), along with other risk assets, after US data showed cooling inflation, reviving hopes of…
News
A race is on to clean up shorelines off Crimea after tons of oil spills from damaged Russian ships
Cleanup continued in the Kerch Strait near Russian-occupied Crimea on Sunday, a week after at least 3,700 tons of low-grade fuel oil…
Business
Oil steady as markets weigh Fed rate cut expectations, Chinese demand
Oil prices were little changed at their settle on Friday (Dec 20) as markets weighed Chinese demand and interest rate-cut expectations…
News
Trump threatens tariffs if EU doesn’t buy more US oil and gas
PRESIDENT-elect Donald Trump warned the European Union that its exports will get hit with US tariffs if its member states don’t buy more…
Business
Oil drops as dour economic outlook adds to oversupply concerns
OIL prices fell on Thursday (Dec 19) after central bankers in the US and Europe signalled caution over further easing of monetary policy,…
News
Trump tariff threats loom over US reliance on Canadian crude oil
What's New President-elect Donald Trump's threats to impose a 25 percent tariff on Canadian goods are sparking fears of higher gas prices…
Fashion
Engineer Bridges Technology and Sustainability in Palm Oil Industry
Addressing environmental sustainability is essential in the fight against the climate crisis. This commitment not only helps restore…
News
EU slaps sanctions on dozens more Russian officials and targets its shadow oil and gas fleet
BRUSSELS (AP) — The European Union on Monday imposed fresh sanctions on dozens of officials linked to Russia’s war on Ukraine, including…
News
Oil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran
Oil prices climbed about 2 per cent on Friday (Dec 13) to settle at a three-week high, on expectations that additional sanctions on Russia…
News
U.S. Supreme Court will decide if oil industry may sue to block California's zero-emissions goal
WASHINGTON — The Supreme Court opened the door Friday for a potential challenge to California’s long-standing authority to set stricter…
News
Alaska is a climate victim and a perpetrator. The next four years will only make matters worse
“I’m just waiting to start hearing methane explosions like they do in Russia,” says Bethel, Alaska, City Council Member Mark Springer.…
News
US mulls new russia oil sanctions to weaken Putin ahead of Trump
THE Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the…
Business
Gulf of Mexico oil and gas leasing programme advances
The US Bureau of Ocean Energy Management (BOEM) has announced the availability of the draft programmatic environmental impact statement…
News
Oil flow to Czech Republic through Russia's Druhzba pipeline resumes after unexplained shutdown
PRAGUE (AP) — Oil delivery to the Czech Republic from Russia through the Druhzba pipeline has resumed after it was interrupted two days…
News
Chevron slows Permian growth in latest hurdle to Trump oil plan
CHEVRON plans to slow production growth in the biggest US oil field next year in the most definitive sign yet that president-elect Donald…
News
Opec+ delays revival of its oil production by three months
OPEC+ delayed the revival of its oil production by three months, a delegate said, the third time it has deferred the move while crude…
News
Oil delivery to the Czech Republic from Russia through the Druhzba pipeline is interrupted
PRAGUE (AP) — Oil delivery to the Czech Republic from Russia through the Druhzba pipeline has been interrupted, Czech officials said…
News
Commodities firm Trafigura goes on Swiss trial over alleged bribes paid to win Angola oil contract
GENEVA (AP) — For the first time in Switzerland, a multinational company faces a criminal trial Monday on charges of bribing a foreign…