U.S. Seeks to Downgrade Climate Risk in Global Financial Regulations
The U.S. is proposing that the Task Force on Climate-related Financial Risks (TFCR) at the Basel Committee on Banking Supervision (BCBS) be downgraded to a working group, the Financial Times…
Pemex to Reopen Old Oil Wells to Boost Production
Mexico’s Pemex plans to reopen mature oil wells in a bid to increase production, which has been in a steady decline for years. According to a Reuters report, the Mexican…
USA EIA Lowers WTI Oil Price Forecasts
The U.S. Energy Information Administration (EIA) lowered its West Texas Intermediate (WTI) spot average price forecasts for 2025 and 2026 in its latest short term energy outlook (STEO), which was…
Kingspan signs green steel deal to cut emissions impact
Ireland-based building materials firm Kingspan has signed a supply agreement with Hydnum Steel for green steel as part of its push to lower emissions across its operations and products. The…
UK and Norway step up cross-border CO2 storage plans
The UK and Norway are growing their joint plans for building offshore infrastructure and reducing barriers to develop a North Sea hub for the cross-border storage of carbon dioxide. It…
UK to Slap Sanctions on 100 Russian-Oil Carrying Tankers
The UK government will impose sanctions on as many as 100 tankers that it says are used to ship Russian crude oil abroad. Bloomberg reports that this constitutes a 75%…
U.S. Nat Gas Liquids Exports Hit Record—Even With China Playing Hardball
As it turns out, a trade war with your biggest customer isn’t the death knell some made it out to be. U.S. exports of natural gas liquids (NGLs) hit an…
Refiners Defy Oil Price Slump With Strong Q1 Profits on Solid Margins
Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in profit margins, Reuters reports, with U.S. Gulf Coast refiners processing Mars crude…
Germany approves funds for Dresden Infineon fab
Germany semiconductor business Infineon Technologies has received final approval for the public funded element of its under-construction plant in Dresden from Germany’s federal ministry for economic affairs. Infineon is expanding…
Chevron Reveals Q1 Net Oil Equivalent Production Level
In its first quarter 2025 results statement, which was published recently, Chevron Corporation revealed that its net oil equivalent production averaged 3.353 million barrels of oil equivalent per day in…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
