Tag - oil

 
 

OIL

Environmental activists demonstrate in front of the convention center in Busan, South Korea, where delegates from around the world are seeking to reach a binding treaty against plastic waste.
ENVIRONMENT
Nov 29, 2024
Showdown looms on plastic treaty days before deadline
With just two days of talks left, countries seeking an ambitious treaty urged delegations that "have not moved a centimeter" to make compromises or "get out of the way."
Refining sources in Asia and analysts have said they expect to see more Canadian and Mexican oil heading to Asia if U.S. President-elect Donald Trump imposes planned tariffs.
BUSINESS / Markets
Nov 28, 2024
Asia likely to benefit from cheaper Canadian and Mexican oil if Trump imposes tariffs
Two sources familiar with Trump's plan say that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico.
Vehicles pass in front of an Exxon service station in Bethesda, Maryland, on Monday. Material stolen from the company's critics in a hack-and-leak operation continues to be used today to counter litigation claiming the oil giant misled the public and its investors about the risks of climate change.
BUSINESS / Companies
Nov 28, 2024
Exxon lobbyist probed over hacked papers that disrupted climate lawsuits
The stolen material continues to be used today to counter litigation claiming the oil giant misled the public and its investors about the risks of climate change.
Their trucks, sometimes driven by Someya herself, go around Tokyo collecting used cooking oil from restaurants and households.
ENVIRONMENT / Sustainability
Nov 27, 2024
Turning tempura oil into fuel: 30 years of environmental efforts by Tokyo entrepreneur
"Seeing all the used cooking oil being collected, I thought Tokyo is basically an oil field."
Oil drilling equipment on federal land near Fellows, California. Drilling activity on federal lands and waters accounts for about a quarter of U.S. oil production and 12% of gas output.
WORLD / Politics
Nov 26, 2024
Trump prepares wide-ranging energy plan centered on gas and oil, sources say
The plan to roll out the list as early as day one ensures that oil and gas production will rank alongside immigration as a pillar of Trump's early agenda.
The national flag of Saudi Arabia at their pavilion at the COP29 climate conference in Baku, Azerbaijan, on Nov. 14
ENVIRONMENT / Climate change
Nov 26, 2024
How Saudi Arabia turned back climate progress at COP29
After three decades of being the main opposition at the annual climate talks, the Saudis have developed a sophisticated playbook.
At the United Nations climate conference in Baku, rich nations found that efforts to reduce their own emissions and fund climate programs elsewhere in the world bought them little favor with developing countries most at risk of global warming.
COMMENTARY / World
Nov 26, 2024
Clean power must offer more hope to beat fossil fuels
Wealthy nations must treat climate change as a genuine crisis, advocating for bold financing programs to enable poor nations to industrialize with clean energy.
Saudi Crown Prince Mohammed bin Salman addresses the joint extraordinary leaders summit of the Organization of Islamic Cooperation (OIC) and the Arab League in Riyadh on Nov. 11.
WORLD / Politics
Nov 25, 2024
Mohammed bin Salman’s style shift sets up a new world order strategy
The implications of Saudi Arabia’s transformation under Crown Prince Mohammed bin Salman will reverberate far beyond the kingdom’s borders for decades to come.
In developing Asia, where coal dominates and imported liquefied natural gas is expensive, natural gas remains limited in electricity grids.
COMMENTARY / World
Nov 24, 2024
Gas got America off coal. Now, it's coming for Asia's oil.
It can work in concert with carbon-free energy to break the hold of the dirtiest sources of power.
An oil pump jack and drilling rigs in an oilfield on the shore of the Caspian Sea, near the Aquatic Palace stadium in Baku, Azerbaijan, on Thursday.
ENVIRONMENT / Climate change
Nov 23, 2024
At a climate conference in oil country, progress remains elusive
More than a third of Azerbaijan’s gross domestic product comes from fossil fuels, and about 90% of its exports are linked to oil and gas.
Members of the Indigenous People Association stage a protest to demand action on climate change, holding cutouts of U.S. President Joe Biden and Chinese leader Xi Jinping on the waters of Botafogo Bay, ahead of the Group of 20 summit in Rio de Janeiro on Saturday.
ENVIRONMENT / Climate change
Nov 17, 2024
Biden weighs fossil fuel finance curbs that could outlast Trump
Landing the deal is seen as essential to deliver on a promise Biden made during his first year in the White House.
An oil pump jack in Midland, Texas
ENVIRONMENT / Energy
Nov 14, 2024
Republican sweep opens way to boost oil and gas development
Oil producers, however, may be reluctant to drill new wells with U.S. output already at a record high.
President of Azerbaijan Ilham Aliyev speaks at the Opening Ceremony of the United Nations climate change conference COP29 in Baku, Azerbaijan, on Tuesday.
WORLD / Politics
Nov 13, 2024
COP29 host Azerbaijan hits out at West in defense of using oil and gas
Some observers of the COP29 negotiations said the president of Azerbaijan's remarks did not bode well for a strong result from the two-week summit.
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.

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