Oil prices rebound to $85 as Middle East supply concerns persist
Oil prices rebounded by over 1 percent on Tuesday after tumbling in the previous session, as renewed concerns over potential supply disruptions […]
Georgia’s Kulevi Refinery Replaces Russian Crude With Kazakh, Libyan Oil
Georgia’s only oil refinery has begun replacing Russian crude with supplies from Kazakhstan and Libya as owner Black Sea Petroleum races to […]
Venezuela’s Oil Exports Fall Even as U.S. Shipments Hit Seven-Year High
Venezuela exported 1.16 million barrels of crude oil daily last month, a slight decline from June’s 1.2 million barrels daily, on lower […]
Shell Sells European Onshore Renewables Portfolio to TotalEnergies
Shell has signed an agreement to sell its European onshore renewables portfolio to French peer TotalEnergies, the UK-based supermajor said on Monday […]
Oil prices fall to $87.3 as resilient supply flows offset Mideast geopolitical risks
Oil prices declined on Friday but remained on course for a monthly gain of around 20 percent, as crude shipments continued to […]
BP Puts Its North Sea Oil Business Up for Sale
BP on Friday launched a process to market its North Sea business as the UK-based supermajor looks to simplify its portfolio and invest in […]
ADNOC Buys Five Supertankers as Hormuz Crisis Tightens Shipping
Amid tightened vessel supply due to the Middle East crisis, Abu Dhabi’s national oil company ADNOC has paid about $590 million to […]
China’s Coal Prices Surge as Scorching Heat Drives Power Demand
Coal demand and prices in China have jumped in recent days as scorching heat waves across most of the country boost electricity […]
Glencore Sees $3.3 Billion Trading Profit as Iran War Rattles Oil Markets
Commodity producing and trading giant Glencore expects to post a profit of $3.3 billion in its marketing division for the first half […]
Canadian miner moves closer to gold production as Tanzania expands its mining pipeline
The company said the first phase of construction includes upgrading the project’s access road and preparing the processing plant site, while work […]
Tata Power Targets 2032 for India’s First Private Nuclear Plant.
Tata Power, one of India’s biggest integrated power utilities, plans to build its first nuclear power plant by 2032 as the country […]
Saudi Aramco Shuts 400,000-Bpd Refinery After Houthi Strike.
Saudi Aramco shut its 400,000-barrel-per-day Jazan refinery on July 27 after a Houthi attack damaged the facility, according to an IIR note […]