The European Union has transferred…
The rapid growth of artificial…
A very volatile week for…
Nigeria's largest refinery, the Dangote Petroleum Refinery, is reselling crude oil cargoes from both the United States and Nigeria. Reuters sources indicate that this move, unusual for refineries, stems from…
Oil prices slumped on Friday, with Brent crude falling 1.57% in afternoon trading as the oil demand outlook out of China continues to weigh on market sentiment.
Chinese electricity consumption in the data services industry and for charging and battery services soared in the first half of 2024, driven by technology and electric vehicles, data from the…
Mexico is scouring the U.S. and Asian fuel markets for more imports of gasoline and diesel in 2024 and 2025 as the country’s newest refinery is struggling to start up,…
Even as independent Chinese refiners have reduced the intake of Iranian crude amid low refining margins, China has continued to import near-record levels of Iranian oil this year…
Chinese energy and chemicals giant Sinochem Group is in discussions to sell its 40% stake in a producing oilfield offshore Brazil, Bloomberg reported on Friday,…
Eni SpA (NYSE: E) raised its oil and gas production guidance and said it would accelerate the pace of share buybacks after reporting on Friday…
Exxon this week sealed its fourth carbon capture and storage deal, this time with ammonia producer CF Industries. Under the deal, Exxon will capture and store half a million tons…
Baker Hughes reported a 13% annual increase in second-quarter revenues and a 41% annual increase in net profits, beating analyst expectations on its strong international business. Like fellow oilfield…
Crude oil prices looked on track for a third weekly loss in a row, pressured by the perception of weaker-than-desired Chinese demand. Even so, oil made some gains earlier in…
Valero Energy Corporation (NYSE: VLO) announced its financial results for the second quarter of 2024, revealing a notable decrease in net income. The company reported net income attributable to Valero…
France, the biggest net electricity exporter in Europe, plans to limit power exports to neighboring countries, which could lead to higher prices in other European power markets such as Italy,…
There is no discord between Russia and OPEC+ over Moscow’s recent poor compliance with the group’s production cuts, Russian Deputy Prime Minister Alexander Novak said on Thursday. The overproduction of…
U.S. natural gas-fired power generation jumped this week amid the lowest wind power output in 33 months seen on Monday while demand for cooling is rising in the summer. On…
Spanish energy giant Repsol more than doubled its second-quarter net income from a year earlier as higher oil prices offset lower gas realizations and weak refining margins. Repsol reported…
Crude oil producer and exporter Mexico could see itself in need of crude imports in 2030 as its field production is set to rapidly decline at the end of this…
French supermajor TotalEnergies (NYSE: TTE) reported lower-than-expected net income for the second quarter of the year amid lower LNG sales and prices and weaker refining margins. TotalEnergies reported…
China urgently needs consolidation in the solar manufacturing industry as overcapacity and price wars are leading local companies to a race to the bottom, a major industry group said on…
A tanker carrying industrial fuel capsized off the coast of the Philippines, spilling some of its cargo. The MT Terra Nova carried 1.4 million liters of fuel when it capsized…
Wildfires raging in Alberta are still spreading, jeopardizing more crude oil production and prompting evacuation alerts. For now, the amount of oil production curtailed because of the wildfires is modest…