EXCLUSIVE Brazil’s Petrobras price hikes show company’s independence -CEO
Brazil President Jair Bolsonaro was not consulted or informed about state oil giant Petrobras’ (PETR4.SA) decision this week to raise fuel prices, which underscores the company’s independence, Chief Executive Joaquim Silva e Luna told Reuters on Wednesday.
Rolls-Royce partners with Shell in sustainable aviation fuel push
British engineering company Rolls-Royce (RR.L) said it would partner with oil company Shell (RDSa.L) to work on the development of sustainable aviation fuel (SAF) in line with both their plans for net zero emissions by 2050.
EU drafts plan to toughen carbon market – report
The European Union is planning to toughen its carbon market to cut emissions faster and put a price on pollution in new sectors, Bloomberg News reported on Sunday.
Wall Street closes lower as Fed officials project rate hikes for 2023
The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.
GE, Safran venture to develop radical new jet engine
General Electric (GE.N) and France’s Safran (SAF.PA) has unveiled plans to test-build an open-bladed jet engine able to reduce fuel use and emissions by 20% as they prolonged their historic CFM International joint venture by a decade to 2050.
World stocks near record high as investors await dovish Fed act
Global shares held firm near record highs on Monday while U.S. bond yields flirted with three-month lows as investors expect the Federal Reserve to stick to its dovish mantra later this week.
EXCLUSIVE Exxon losing veteran oil traders recruited during past expansion -sources
Exxon Mobil Corp (XOM.N) has lost two veteran crude oil traders from its U.S. energy trading group and a third is leaving its British unit, according to people familiar with the matter, in a continued exodus of top talent from the oil major.
EXCLUSIVE Biden considers giving refiners relief from U.S. biofuel laws, sources say
President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.
Oil eases on Iran concern after hitting two-year high above $72
Oil eased after hitting a two-year high above $72 a barrel on Monday, pressured by the prospect of higher Iranian exports though recovering demand and OPEC+ supply curbs provided underlying support.
Trafigura, Yara sign MoU on clean ammonia for shipping fuel
Global commodities trader Trafigura (TRAFGF.UL) and Norway’s Yara (YAR.OL) said on Monday they had signed a memorandum of understanding (MoU) aiming to supply the marine industry with carbon emissions-free ammonia for fuel. Under the plan, Yara is to supply Trafigura with clean ammonia, and the firms are to jointly conduct research as well as develop marine fuel […]
