Petrol

Environmental activists on Tuesday launched a new lawsuit against Shell in the Netherlands, demanding that the supermajor stop bringing new oil and gas fields on stream to avoid additional emissions. Friends of the Earth – the Netherlands, or Milieudefensie, delivered the summons to Shell on Tuesday

Energy Technology’s Earth Day special looks at EV adoption and its implications across the energy sector. The post New episode: Earth Day – electric vehicles across power, oil and gas and mining appeared first on Mining Technology.

A sustained $100-per-barrel oil price could unlock up to 2.1 million barrels per day (bpd) of additional crude supply across South America by the mid-2030s, according to new analysis by Rystad Energy. The finding comes as the effective closure of the Strait of Hormuz has forced a sharp upward revisi

TD Securities analysts note Canadian Consumer Price Index (CPI) accelerated to 2.4% year-on-year in March, driven by higher Oil prices, but core measures remained subdued. They see the print as dovish and consistent with Bank of Canada (BoC) guidance to look through temporary spikes.

ING analysts Warren Patterson and Ewa Manthey say Oil is trading on hopes of progress in US–Iran peace talks, while ongoing disruptions through the Strait of Hormuz keep supply risks elevated.

The Middle East war and the crisis at the Strait of Hormuz could redraw the global energy map as world’s most critical oil chokepoint is no longer seen as a reliable route for oil and gas supply, says Fatih Birol, the executive director of the International Energy Agency (IEA). The Iran war and the

ING analysts Warren Patterson and Ewa Manthey report Copper has eased after recent gains but remains near two‑month highs, with macro headwinds and tighter monetary policy weighing on industrial metals demand.

The UK is doubling down on accelerating clean energy rollout as it aims to boost homegrown electricity production to reduce the influence of volatile natural gas prices on power bills, the government said on Tuesday. The Labour government is unveiling today measures to better protect households from

India’s total crude oil imports declined by 13% in March from February as the Iran war crippled Middle Eastern supply that couldn’t be offset by record-high Russian oil imports. India, the world’s third-biggest crude oil buyer, imported a total of 4.5 million barrels per day (bpd) of crude in March,

TD Securities’ James Rossiter notes that Oil prices are stabilizing slightly above $90 per barrel, with Brent trading in a $90–100 range since the ceasefire began.

The United States is “highly unlikely” to extend the U.S.-Iran ceasefire that expires in the coming hours, U.S. President Donald Trump told Bloomberg News in a telephone interview late on Monday. The truce announced on April 7 expires on “Wednesday evening Washington time,” according to President Tr

The United States is set to export a record-breaking 5.44 million barrels of crude daily this month, data from Kpler cited by Reuters’ Clyde Russell has shown. In May, U.S. oil exports are set for further growth, to 5.48 million barrels daily. Most of the tankers are heading to Asia, Russell reporte

The New Zealand Dollar (NZD) appreciates for the second consecutive day against the US Dollar (USD) on Tuesday, fuelled by stronger-than-expected New Zealand inflation figures and a moderate optimism about a resolution of the Middle East conflict.

Pakistan is paying an all-time high premium of $34 per barrel on petroleum product imports amid the supply crunch caused by the war in the Middle East. Previously, Pakistan State Oil was paying around $12 per barrel over benchmark prices, the Express Tribune reported, citing a letter by the state co

The USD/CAD pair remains on the defensive around 1.3650 during the early European session on Tuesday. Rising oil prices due to Middle East tension provide some support to the commodity-linked Loonie.

Commerzbank’s Volkmar Baur notes New Zealand inflation at 3.1% year-on-year, slightly above the Reserve Bank of New Zealand (RBNZ) target, and warns that higher energy prices could push it further. He sees a possible rate hike in late May, which might briefly support the New Zealand Dollar (NZD).