Tag - oil

 
 

OIL

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.
An infant orangutan with its mother in Sepilok, Malaysia, on Saturday
ASIA PACIFIC / Politics
Aug 19, 2024
Apes to stay at home as Malaysia tweaks 'orangutan diplomacy'
Countries that buy Malaysian palm oil can "sponsor" one or more orangutans, and the funds collected will be used to implement conservation programs, minister says.
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.
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.

Longform

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