Just shy of $100 a barrel — that’s the cost of a type of crude that’s become prized thanks to the scramble for cleaner-burning fuels. Australia’s Santos Ltd. this week sold a cargo of March-loading Pyrenees,…
Parsley boss says shale drillers will finally deliver returns in 2020
Enter text here This is the year when shale drillers are finally going to deliver solid returns to investors that have grown weary of the industry’s decade-long cash burn, the head of…
ANALYSIS – TurkStream to strengthen Turkey’s energy hub position
With Hungary, Bulgaria and Serbia to depend on TurkStream, Turkey’s importance to increase in terms of energy security Yunus Furuncu completed his bachelor’s degree and master’s degree at the Vienna University of…
Germany tells US to back off over Russian pipeline
BERLIN — Germany on Thursday warned Washington to mind its own business after US lawmakers gave initial approval to a bill that would sanction contractors working on a Russian pipeline to Germany. “European…
World on course to burn more coal, threatening climate goals
Coal consumption is set to rise in the coming years as growing demand for electricity in developing countries outpaces a shift to cleaner sources of electricity in industrialised nations. While use of…
StanChart boosts clean energy target and nudges clients on coal
Standard Chartered Plc plans to fa- cilitate $35bn of funding for clean technology by 2025, joining rival banks including Goldman Sachs Group Inc that are stepping up their climate-change promises. The London-based…
EU Overcomes Nuclear Divide to Reach Key Green-Finance Deal
The European Union agreed on a landmark green-finance regulation, advancing the bloc’s push to embed environmental goals in standards for banks, money managers and insurers. EU lawmakers approved an accord on the list of sustainable…
Gazprom and Ukraine agree on gas transit, settle legal issues
Bloomberg/ Moscow Gazprom PJSC and Ukraine reached an agreement that will allow Russian gas to flow to Europe via its neighbour through the end of 2024 and settle all of the related…
How cleaner ship fuel will raise costs, ease coughing
By Brian Wingfield/ London Ship owners and refiners are facing the biggest change to their industries in a generation: strict environmental rules for vessel fuel that kick in on January 1, 2020….
A major shipping fuel change is coming, and so are higher prices
Bloomberg/ London A defining moment in the history of the oil-refining and shipping industries is at hand. In fewer than two weeks, thousands of ships the world over will be forced to…