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Bayer Forecasts Lower Profit as Herbicide Prices Fall
Acquiring Roundup as part of the deal to take over Monsanto has embroiled Bayer in costly litigation over allegations the weedkiller causes cancer, a charge the company denies.
Photo: Bloomberg
Exxon 2022 Profit Hits Historic High for Western Oil Industry
Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion.
Photo: iStock.com/JHVEPhoto
India Says Its Path to Net Zero Must Pass Through Fossil Fuels
Environmentalists have blamed the fuel — along with other factors like crop burning, construction dust and vehicle emissions — for the country’s toxic air that reaches alarming proportions every winter.
Photo: Bloomberg
Turkey and Morocco Are Emerging as Demand Sources for Russian Diesel Before EU Ban
The EU will still get more than a quarter of its diesel imports — around 612,000 barrels a day — from Russia even in January.
Photo: Bloomberg
Global Oil Trade Shakes Up After Fires at U.S. Fuelmakers
The winner in the shake-up appears to be refiners in Asia, who are seeing shipments from Canada surge to the highest in more than a year.
Photo: Bloomberg
Russian Oil Switching at Sea Gathers Pace in Wake of European Sanctions
Ship-to-ship transfers are a routine part of oil trading and those that are taking place are doing so in full view of satellite tracking systems.
Photo: Bloomberg
With Days Until it Bans Russian Fuel Imports, Europe Forgoes Diesel Shipments
The movements suggest that, despite the impending collapse in Russian cargo deliveries to the EU, the U.S. may have an even more acute supply situation.
Photo: Bloomberg
Huge Sanctions Are Looming for the Fuel That Powers the World
The European Union will have to replace about 600,000 barrels a day of diesel imports, and Russia will need to find new buyers for those supplies.
Photo: Bloomberg
Europe Gas Rebounds as Region Seeks to Ensure LNG Keeps Flowing
While Europe has so far made it through an unprecedented energy crisis that has fueled inflation, much of the winter remains.
Photo: Bloomberg
Germany Imports First LNG From the U.S. at New Uniper Terminal
Berlin fast-tracked its first LNG import terminals by renting five floating storage and re-gasification units.
The Hoegh Esperanza FSRU approaches Wilhelmshaven, Germany, on December 15. Photo: Bloomberg
2023: The Year to Overhaul Electricity Grids for a Better Future
Major grid upgrades are expensive, and utilities are under pressure to get the best “bang for the buck” for their investors and customers — scenarios that are not, normally, considered to be mutually compatible.
Photo: iStock.com/Audy_indy
Insurers End War-Risk Cover for Shipping Across Russia, Ukraine and Belarus
At least 12 of the 13 Protection and Indemnity (P&I) clubs — which cover 90% of the world’s ocean-going ships, including those from the U.K. and the U.S. — said they would no longer be able to provide coverage.
Photo: iStock.com/berean
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