Trump tells EU to buy US oil and gas or face tariffs
US president-elect warns bloc’s member states face tariffs unless they make big purchases
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EU imports record quantities of Russian LNG in 2024
Bloc received 16.5mn tonnes of liquefied natural gas by mid-December despite efforts to reduce supplies from Russia
Letter: When Trump’s tariffs meet Smith’s ‘invisible hand’
Donald Trump’s mercantilist wish list may not work out as he hopes ( Opinion, FT Weekend, November 30). In the colonial era, commodity supplier countries did not need the raw materials they supplied ...
LNG developer Venture Global files for US IPO
Liquefied natural gas exporter looks to tap into enthusiasm over Trump’s pledge to boost energy exports
Trump Threatens EU with Tariffs Over Oil and Gas Imports
President-elect Donald Trump has warned the European Union that it must significantly increase purchases of US oil and gas or face tariffs on a wide range of exports, including cars and machinery, reports Reuters.
Trump, who takes office on January 20, 2025, issued the ultimatum in a post on Truth
The trends that defined the energy sector in 2024
From stable oil markets to a nuclear energy revival, these were the themes that shaped the industry
Syria’s largest refinery stops operating as Iran oil flow ceases
Ninety per cent of country’s crude came from Iran before fall of Bashar al-Assad, says refinery chief
Why 2025 brings a risk of ‘collapse’ in oil prices to below $50 a barrel
The new year may bring a steep drop in oil prices, potentially even below the $50-a-barrel mark, if the market sees a “perfect storm” of factors combining ...
Trump Tariff Threats Loom Over US Reliance on Canadian Crude Oil
Canadian officials are evaluating responses to Trump's tariff threats. Ontario's leader Doug Ford proposed barring U.S. alcohol imports and restricting energy exports, while Alberta's premier Danielle ...
U.S. crude exports to Europe expected to fall in Jan as shipping economics weaken
U.S. crude oil exports to northwest Europe are likely to slip early next year after hitting a record high in November, as the arbitrage for transatlantic shipments has slammed shut and freight rates ...
Oil prices fall on demand concerns, strong dollar
Oil prices fell in early trading on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down more than 2%. U.S ...
Hedge funds cash in on Trump-fuelled crypto boom
Some macro hedge funds — which trade macroeconomic trends in currencies, commodities, bonds and stocks — have also boosted exposure to digital assets in anticipation of a favourable market environment ...
Shell tied new Nigeria offshore investments to approval for oil asset sale
Approval for exit from operation at centre of decades of criticism over environmental impact marked sharp turnaround
Trump protectionism threatens energy transition, warns BHP chief
Mike Henry says shifting US policies risk slowing allocation of capital to projects essential to renewables switch
Cost of UK Christmas dinner up 20% since pre-pandemic
However, the rise in internationally traded food commodities poses a new risk to consumers. In November, the FAO food price index increased by an annual rate of 5.7 per cent, reaching the highest ...
Iranian Oil Stored at Sea at Five-Month High as Sanctions Bite
The volume of Iranian oil stored on tankers at sea has swelled to the highest level since late July, as broadening US sanctions disrupt flows of the OPEC producer’s crude to China.
What if DogeCoin becomes the US currency? And more of your wild proposals answered
Bitcoin and DogeCoin have been amazing investments. (This is hindsight, and very much not financial advice.) Bitcoin has risen in price from a few cents, to a few dollars, to hundreds of dollars, to ...
Oil falls on demand growth concerns, robust dollar
Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down nearly 3%.
Trump Threatens Tariffs If EU Doesn’t Buy More US Oil and Gas
President-elect Donald Trump has threatened the European Union with tariffs if its member countries don’t buy more American oil and gas. Most Read from BloombergNew York City’s Historic Preservation M ...
Trump threatens tariffs if EU doesn’t buy more US oil, gas
President-elect Donald Trump has threatened the European Union with tariffs if its member countries don’t buy more American oil and gas. “I told the European Union that they must make up their ...
India's BPCL buys first Argentinian crude oil cargo for Feb delivery, sources say
India's Bharat Petroleum Corp Ltd has bought its first crude oil cargo from Argentina, two trade sources said on Friday, part of the company's effort to diversify the grades processed at its ...
Oil falls 1% on demand growth concerns, robust dollar
Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down more than 3%.
Oil Demand Concerns Weigh on 2025 Price Outlook
Brent crude is expected to average $71.57 a barrel next year, while West Texas Intermediate is seen at $67.44 a barrel. Global oil demand growth slowed significantly this year.
OPEC+ Wary of Renewed US Oil Output Surge Under Trump: Reuters
The prospect of increased US oil production under a second Trump presidency has OPEC+ on edge, reports Reuters. The producer group, responsible for about half of the world's oil output, fears that a resurgence in US shale oil production could further erode their market share and hinder their
U.S. Crude Oil Stocks Fall Less Than Expected
U.S. crude-oil inventories fell for a fourth consecutive week, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude-oil stocks excluding the Strategic ...
Oil prices settle higher with U.S. crude supplies down a 4th straight week
Oil futures on Wednesday posted their first gain in three sessions, with prices getting a lift from official U.S. data showing a fourth consecutive weekly decline in domestic crude inventories.
Oil ends higher but off of day's highs, as traders weigh supply data, Fed decision
Oil futures ended higher on Wednesday but well below the session’s highs, with the [Federal Reserve’s projection]( ...
Oil settles up after US crude stocks fall, Fed's 2025 outlook curbs gains
Oil prices settled higher on Wednesday after U.S. crude inventories fell and the U.S. Federal Reserve cut interest rates as expected, but gains were capped as the Fed signalled it would slow the pace ...
Oil falls on demand concerns after Fed signals slower easing ahead
Oil prices fell in early trading on Thursday after the U.S. Federal Reserve signalled that it would slow the pace of interest rate cuts in 2025, potentially impacting fuel demand.
The wondrous gift of open trade is given
Flexible economies and free markets have kept globalisation going this year
Sinopec forecasts China's petroleum consumption to peak by 2027
China Petrochemical Corp, or Sinopec, expects China's petroleum consumption to peak by 2027 at no more than 800 million metric tons or 16 million barrels per day, the state energy group said in an ...
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US currency hits strongest level in two years after central bank signals only half a percentage point of reductions in 2025 ...
Oil retreats on demand concerns after Fed signals slower easing ahead
Oil prices fell in Asian trade on Thursday after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, which could hurt economic growth and reduce fuel demand.
Oil wavers on demand concerns after Fed signals slower rate cuts
Oil prices wobbled on Thursday after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, which could hurt economic growth, reduce fuel demand and strengthen the ...
Oil edges higher on falling US crude inventories, Fed's 2025 outlook limits gains
Oil prices rose slightly on Thursday, supported by falling U.S. crude inventories, though gains were limited after the U.S. Federal Reserve signalled it would slow the pace of interest rate cuts in ...
OPEC+ wary of renewed US oil output rise under Trump, sources say
The group extended some of its supply cuts until the end of 2026 due to weak demand and booming production from the U.S. and some other non-OPEC+ producers. OPEC has a history of under-estimating ...
Oil Slips as Fed Rate-Cut Outlook Fuels Demand Worries
Oil prices retreated from the previous trading session after the Fed signaled fewer interest-rate cuts next year, fueling demand concerns.
Japan Aims for 40-50% Renewable Energy by 2040, Doubles Down on Nuclear Power
Japan is significantly increasing its ambitions for renewable energy, aiming for a 40% to 50% share of its electricity mix by fiscal year 2040, according to a draft revision of its basic energy policy, reports Reuters. This ambitious clean energy push comes as the country also seeks to enhance its
India's Gold Import Boom Cools as Prices Rebound
India's gold imports, which surged to a record high in November, are set to slow dramatically in December as rising prices prompt buyers to delay purchases, reports Reuters.
The sharp decline in imports, which could fall by more than 50% from the previous month, could help stabilize global
Oil prices ease 1% to one-week low on weak Chinese, German economic data
Oil prices eased about 1% to a one-week low on Tuesday on demand worries following the release of negative economic news from Germany and China, while investors remained cautious ahead of a U.S.
LNG export boost would increase prices and hurt climate, US says
Energy secretary says household gas bills could rise by $100 a year if pause on permits is lifted
Brent oil futures settle at their lowest in a week
Oil prices declined for a second session on Tuesday, pressured by concerns over the outlook for demand as traders looked ahead to Wednesday’s ...
Biden administration casts fresh doubt on new US LNG expansion
Energy secretary says more gas projects would push up domestic prices and threaten climate goals
EU should force customers to buy less polluting products, companies say
Major industrial and fossil fuel groups push for mandatory requirement in letter to European climate commissioner
Oil prices little changed ahead of Fed rate decision
Oil prices traded in a narrow range early on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve.
Oil Prices Dip on Weak Global Economic Data
Oil prices fell to a one-week low on Tuesday as disappointing economic news from Germany and China dampened demand prospects, reports Reuters. Investors also remained cautious ahead of a Federal Reserve interest rate decision.
Brent crude futures fell 1% to settle at $73.19 a barrel, while US West Texas
Australian Mining Giants Join Forces to Develop Green Iron Plant
Australia's largest iron ore and steel companies have chosen a site for a pilot project aimed at decarbonizing the country's steel industry, reports Nikkei Asia. BHP, Rio Tinto, and BlueScope will collaborate on the NeoSmelt initiative, using electric smelting technology to produce steel from Pilbara iron
Norway Backs Battery Start-Up Morrow with $134 Million Loan
The Norwegian government, through Innovation Norway, has granted Morrow Batteries a 1.5 billion crown ($134 million) loan facility, Reuters reports. This significant investment aims to support Morrow's expansion and bolster Norway's burgeoning battery cell production sector.
Morrow, established in 2020, is at the forefront of