Tag - oil

 
 

OIL

Regular gasoline was priced at ¥194 per liter at a gas station in Nagano on Wednesday.
BUSINESS / Economy
Jan 23, 2025
Japan's average gas price exceeds ¥185 for first time in 17 months
The price hike reflects reduced government subsidies to oil wholesalers.
Donald Trump has vowed to slash U.S. energy costs by bolstering fossil fuels while potentially hobbling domestic wind power generation.
WORLD / Politics
Jan 21, 2025
Trump starts reshaping U.S. energy with deep focus on oil and gas
Trump initiated the shift in a series of orders and memoranda directing action by the federal government, with implications that reach across the entire energy landscape.
A tug boat assists an oil tanker to its berth at the Port of Long Beach in California on June 17, 2024.
WORLD / Politics
Jan 21, 2025
Oil tankers backlog grows at vital Russian port after sanctions
History shows that U.S. sanctions have bitten the tankers that move Russian oil hard.
Russia shipped 2.96 million barrels a day of crude in the four weeks to Jan. 12.
WORLD / Politics
Jan 20, 2025
Where the U.S. has squeezed Russia’s oil flows the hardest
The latest U.S. sanctions on oil tankers hauling Russian petroleum look set to cause severe disruption across the nation’s export machine.
Woodworkers check phones during a blackout at an industrial complex in Tehran on Dec. 18.
WORLD / Politics
Jan 20, 2025
Blackouts in Iran leave industry in tatters
The regime is bracing for a harder road ahead, with incoming U.S. President Donald Trump pledging pressure and preparing sanctions.
Turkish President Tayyip Erdogan and his Russian counterpart Vladimir Putin attend a ceremony to mark the completion of the undersea part of the TurkStream gas pipeline, in Istanbul on Nov. 19, 2018.
WORLD / Politics
Jan 14, 2025
Russia accuses Ukraine of ‘energy terrorism’ over alleged pipeline strike
Kyiv has not commented on the allegation that it sent attack drones against a gas compressor station at Russian village on the Black Sea coast.
U.S. President Joe Biden’s decision will further burnish his climate credentials, deepening his record of fostering conservation and zero-emission energy.
WORLD / Politics
Jan 4, 2025
Biden to ban new oil drilling over vast stretch of U.S. Atlantic and Pacific waters
The move represents a sweeping effort to permanently protect coastal waters from fossil fuel development and the risk of oil spills.
A recovery in the olive harvest in Spain and elsewhere is easing the olive oil crisis, but depleted stocks and rising global demand mean prices will likely stay higher than pre-crisis levels.
COMMENTARY / World
Jan 3, 2025
The olive oil crisis is over — but fears continue to linger
Prices for the golden commodity are set to drop thanks to a bountiful harvest this season. That doesn’t solve all its problems.
Russian President Vladimir Putin shakes hands with Slovak Prime Minister Robert Fico during a meeting in Moscow on Dec. 22.
WORLD / Politics
Dec 30, 2024
Ukraine-Russia gas transit deal faces critical moment of truth
As its year-end expiry looms, Slovakia and a group of central European companies are putting pressure on Ukraine to keep Russian gas flowing.
Indonesia's plan to increase biodiesel mandates to 50% by 2028 could require clearing 5.3 million hectares of forest for palm oil plantations by 2042, an area larger than Denmark.
COMMENTARY / World
Dec 30, 2024
The year’s worst climate news you haven’t heard about
Not enough floodwaters for dams, more coal burning and demand for Indonesian palm oil show efforts to slow global warming are flagging.
Storage tanks at the BP Cherry Point Refinery near Blaine, Washington
BUSINESS / Companies
Dec 27, 2024
Big Oil backtracks on renewables push as climate agenda falters
The likes of BP and Shell this year sharply slowed their plans to spend billions on wind and solar power projects.
The Finnish Border Guard's ship Turva and oil tanker Eagle S sail on the sea outside the Porkkalanniemi, Finland on Thursday
WORLD
Dec 27, 2024
Finland boards vessel possibly behind power cable and internet outages
"From our side, we are investigating grave sabotage," said the director of the Finnish National Bureau of Investigation.
While the prospect of Eneos Holdings offloading a majority stake in JX has been mooted for years, it is coming closer to reality amid a hot market for share sales in Tokyo.
BUSINESS / Companies
Dec 19, 2024
Eneos considers IPO of up to 70% of JX Advanced Metals
Japan has seen the highest volume of IPOs this year since 2018.
Barclays has been a top target for British climate protestors in recent years because of the volume of its lending to the fossil-fuel industry.
BUSINESS / Companies
Dec 19, 2024
Why Barclays is one of the main targets of U.K. climate activists
Barclays has provided more bonds and loans to fossil fuel companies than any European rival over the past three years.
Islamic Revolutionary Guard Corps (IRGC) Commander-in-Chief Maj. Gen. Hossein Salami reviews military equipment during an IRGC ground forces military drill in the Aras area, East Azerbaijan province, Iran, on Oct. 17, 2022.
WORLD / Politics
Dec 18, 2024
Iran's Revolutionary Guards extend control of oil exports, sources say
All aspects of the oil business have come under the growing influence of the Guards.
The Stratos direct air capture facility, a joint venture between Occidental Petroleum and asset manager BlackRock, in Ector County, Texas
ENVIRONMENT / Energy / ANALYSIS
Dec 14, 2024
Earthquakes and blowouts undermine case for carbon storage in Texas
Texas has seen surging interest from companies hoping to bury carbon dioxide in its oilfields.
Possible new sanctions on Russian oil highlight how Biden’s team is more willing to take risks in confronting Russia as it prepares to depart.
WORLD / Politics
Dec 11, 2024
U.S. mulls new Russia oil sanctions to weaken Putin ahead of Trump
The European Union is planning similar measures on Russia’s shadow fleet before the end of the year.
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.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.