Tag - oil

 
 

OIL

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.
Sumitomo Corp. President Shingo Ueno speaks during an interview at the company's head office in Tokyo on Tuesday.
BUSINESS / Companies
Jul 1, 2024
Sumitomo looks to tap U.S. shale boom despite exiting production
The company will seek to boost sales of pipelines used in U.S. shale fields.
An employee works on a laptop next to a drone at SD Guthrie's Sungai Linau estate in Selangor, Malaysia, on June 6.
BUSINESS / Tech
Jun 29, 2024
Robots are stepping into one of Asia’s dirtiest farm jobs
With global stockpiles of palm oil set for the first back-to-back decline in more than 40 years, Malaysia is pushing for automation to boost production.
Workers clear the oil slick using plastic bags on Sentosa island's Tanjong Beach in Singapore on Sunday.
ASIA PACIFIC
Jun 17, 2024
Singapore works to clean up oil spill after tanker accident
Several beaches have been closed after a tidal current carried the oil from the site to an area more than 30 kilometers away, close to the city-state's airport.
Environmental activists from the group Extinction Rebellion demonstrate outside the media center set up for the Group of Seven leaders' summit, in Bari, Italy, on Friday.
ENVIRONMENT / Climate change
Jun 15, 2024
Experts and activists slam 'pointless' G7 on climate
The Group of Seven rich democracies was assailed for having failed to deliver significant new progress on climate during a summit in Italy.
Some overseas airlines scrapped plans to add or increase services to Japanese airports due to the uncertain jet fuel supply, trade minister Ken Saito acknowledged on Tuesday.
BUSINESS / Companies
Jun 11, 2024
Jet fuel crunch sees airlines servicing Japan demand more supply
Eneos Holdings has been fielding calls from carriers and is working with the government to ease the problem, a spokesperson said via phone.
A Saudi Aramco logo outside an oil storage tank at the Juaymah tank farm at the firm's Ras Tanura oil refinery and terminal at Ras Tanura, Saudi Arabia, in October 2018
BUSINESS / Markets
Jun 10, 2024
Saudis said to hand about 60% of Aramco offer to foreign investors
The firm's stock sale generated strong demand from the U.S. and Europe, sources said.
A solar farm in Switzerland. Solar power is leading the power’s sector’s transformation, with investment in the area set to reach $500 billion this year.
ENVIRONMENT / Energy
Jun 6, 2024
Clean energy spending set to reach twice that on fossil fuels, IAEA reports
Nonetheless, continued spending on coal, gas and oil remains at a level that’s too high to conform with global climate goals.
South Korean President Yoon Suk-yeol speaks during a trilateral summit with Japanese Prime Minister Fumio Kishida and Chinese Premier Li Qiang during their meeting at the Blue House in Seoul on May 27.
ASIA PACIFIC / Politics
Jun 3, 2024
South Korea to explore vast oil and gas prospects off east coast, Yoon says
The 500 billion won ($363 million) drilling project is slated to begin towards the end of the year, aiming for results by mid-next year.
In a boon to Saudi Arabia's government, which is seeking to fund a massive economic transformation plan, Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday.
BUSINESS / Markets
Jun 3, 2024
Saudi Aramco’s $12 billion stock offer sells out in hours
The extent of foreign participation will be closely watched as an indicator of interest in Saudi Arabia's assets.
Tomohide Miyata, who became Eneos Holding's CEO in April
BUSINESS / Companies
May 31, 2024
Eneos seeks female directors in wake of harassment scandals
Japan's top oil refiner has nominated four women and seven outside directors to be elected by shareholders to a smaller 10-seat board.
Massive oil reserves mean the U.S. is less enthusiastic about energy transition than China, which is charging ahead with clean technology.
COMMENTARY / World
May 30, 2024
America is joining its frenemies back in the fossil fuel club
For most nations, the energy transition isn’t just sought for climate reasons, it’s also a strategic and economic necessity.
Nawaf Al-Osimy, chief technical officer of the Jazlah Water Desalination plant, which draws vast quantities of water from the Persian Gulf and makes it drinkable, in Jubail, Saudi Arabia, on March 4.
ENVIRONMENT / Energy
May 30, 2024
Saudi Arabia eyes a future beyond oil
The kingdom is trying to juggle its still-vital petroleum industry with alternative energy sources like wind and solar as it faces pressure to lower carbon emissions.
Notwithstanding the increase in EV sales, there are now more cars than ever powered by internal-combustion engines.
COMMENTARY / World
May 14, 2024
Nevermind those EVs — oil demand keeps growing
The oil bulls still have reason to worry: With OPEC+ trying to keep prices as close as possible to $100 a barrel, non-OPEC supply, including from biofuels, keeps surging.
Shipping containers at the port in Ningbo, China, March 27, 2024. The U.S. and Europe are trying to catch up to China’s lead in industrial policy, a rival skilled in using all the levers of government and banking to dominate global manufacturing.
ASIA PACIFIC / Politics
May 28, 2024
How China pulled so far ahead on industrial policy
In 2022, Beijing accounted for 85% of all clean-energy manufacturing investment in the world, according to the International Energy Agency.
Crude oil tanker NS Creation, owned by Russia's leading tanker group Sovcomflot, transits the Bosphorus shipping strait in Istanbul in May 2022.
WORLD / Politics
May 20, 2024
Virtually every sanctioned Russian oil tanker is idle and empty
Since October, 40 ships involved in Russia’s oil trade have been added to the Treasury’s list of designated entities.
Saudi Crown Prince Mohammed bin Salman attends a meeting with Russia's president in Riyadh last December.
JAPAN / Politics
May 20, 2024
Saudi crown prince postpones Japan trip over king’s health
Saudi sources said Monday that members of the delegation would still travel to Japan for some talks.
Saudi Crown Prince Mohammed bin Salman welcomes Prime Minister Fumio Kishida in Jeddah, Saudi Arabia, last July.
JAPAN / FOCUS
May 18, 2024
Saudi crown prince seeks soft power in game hub Japan
Crown Prince Mohammed bin Salman will visit Japan soon, where he will hold talks on energy while hunting more opportunities in gaming.

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