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 […]
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 […]
ADNOC Defies Hormuz Risks as UAE LNG Exports Continue.
The UAE is still exporting liquefied natural gas, despite the threat of strikes in the Strait of Hormuz. According to a Bloomberg […]
South Korea $2 trillion stock rout breaks records as SK Hynix results disappoint.
South Korean stocks plunged for a second straight session on Wednesday as Asia’s once-blazing AI rally morphed into a brutal market reckoning, […]
Oil rises as US-Iran tension escalates after Iraq strikes and missile attack on Jordan
Oil prices rose more than US$3 a barrel on Wednesday after joint strikes in Iraq by the US and Saudi Arabia, and […]