Citigroup Says 42% of Clients Have No Energy Transition Plan
The European Union is considering…
Oil prices may soon climb…
Texas has barred state entities,…
Crude oil inventories in the United States rose this week by 9.337 million barrels for the week ending March 22, according to The American Petroleum Institute (API). The API reported…
The amount of Russian oil refining capacity that has been taken offline due to Ukrainian drone strikes is 14% of Russia’s total refining capacity, according to Reuters calculations. Calculations show…
If you’re expecting South Africa will make a quick shift away from coal-fired power in favor of green energy, prepare to be disappointed. Expecting South Africa to quickly give up…
Enbridge is forming a joint venture to build and operate natural gas pipelines connecting gas supply from the Permian Basin to the U.S. Gulf Coast to tap into growing LNG…
The oil industry will need cumulative investments of $11.1 trillion in exploration and production by 2045 to keep pace with growing energy demand and ensure stable supply, OPEC Secretary General…
Chinese EV exports to the European Union slumped by 19.6% in January and February 2024 compared to the same period last year as the EU continues its investigation into whether…
The United States and the European Union are at odds over how far a ban on fossil fuel loans and guarantees would extend and haven’t reached an agreement at the…
The Russian government has decided to sell Shell’s minority stake in the Sakhalin LNG project to state-controlled giant Gazprom for $1 billion, reversing a previous decision to have LNG…
Indian state and private refiners have suspended purchases of crude from Venezuela as the U.S. sanctions waiver on Venezuela’s oil exports expires on April 18 and could lead to complications…
Russia has supplied oil directly to North Korea this year as both regimes are openly defying UN sanctions on sales of petroleum to Pyongyang in response to its nuclear weapons…
French lender Credit Agricole has declared it will no longer finance the Rovuma LNG project in Mozambique and the Papua LNG project in Papua New Guinea. The bank cited its…
Australia’s transition to net zero is being threatened by the limited availability of local natural gas supply, one of the country’s biggest energy infrastructure operators. “Without gas, we’re going to…
Mexico’s troubled state energy major Pemex has announced plans to slash its carbon dioxide emissions by 54% over the next six years—perhaps the most ambitious emission-cutting program in the oil…
Russia's government has ordered oil companies to lower their output in the second quarter so that the country can meet its OPEC+ production target of 9 million barrels per…
China’s largest oil refining company China Petroleum & Chemical Corp. aka Sinopec, recorded a 13% decline in its 2024 profits due to lower oil and gas prices. Sinopec reported FY 2024 net…
Nissan Motor will look to slash the cost of its next-generation electric vehicles by 30% to reach cost parity between its EVs and conventional gasoline models by fiscal year 2030,…
Brent crude oil surged past $87 on Monday as Russia’s war on Ukraine increasingly focuses on attacks on energy installations, and as mediation in the Israel-Gaza conflict fails. On Monday…
Tesla and battery manufacturer CATL are working together on the development of new battery technologies that could lead to faster-charging electric vehicle batteries, the founder of the Chinese battery manufacturer,…
A refinery in southwestern Russia owned and operated by state oil giant Rosneft has halted roughly half of its crude processing capacity following a drone attack from Ukraine over the…
A rebound in Chinese natural gas demand and rising fuel sales pushed the earnings of state oil and gas giant PetroChina to a record high in 2023, despite the drop…