U.S. Diesel Hits Record $6.50 as Global Fuel Crunch Deepens
The average retail price of diesel in the United States topped $6.50 per gallon this weekend amid a worsening global fuel crunch that threatens to …
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Crude prices drop on hopes for Iran-US talks at UNGA
Oil prices declined to their lowest levels in over a week on 21 September, Monday, as market participants looked to the upcoming United Nations General …
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TotalEnergies partners with GIP for African oil and gas assets
TotalEnergies has entered into a partnership agreement with Global Infrastructure Partners (GIP), part of BlackRock, involving its interests in certain oil and gas infrastructure assets …
Read Full ArticlePakistan Secures Second Qatari LNG Cargo Through Hormuz After Iran Deal
Pakistan is set to receive an LNG cargo from Qatar after having negotiated with Iran the safe passage of the shipment through the Strait of …
Read Full ArticleEurope’s Fuel Crisis Spreads From Diesel to Jet Fuel
Europe is reeling from a diesel supply crunch, and now another squeeze is looming on the horizon, as jet fuel supply tightens ahead of the …
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Osaka Gas to acquire 5% stake in Browse LNG project, WA
Japan’s Osaka Gas, through its unit Osaka Gas Browse (OGB), has reached a sales and purchase agreement with BP Developments Australia to acquire a 5% …
Read Full ArticleStrait of Hormuz Shipping Traffic Falls Further as Saudi Oil Flows Rise
Commodity vessels traversing the Strait of Hormuz declined further, with just a dozen commodity vessels in total making the passage this weekend, Reuters has reported. …
Read Full ArticleOil Prices Slide as Traders Bet on Iran Diplomacy
Crude oil prices started the week with a slide, moving down to the lowest in a week on renewed hopes about a diplomatic resolution of …
Read Full ArticleBig Oil’s Production Keeps Soaring Despite Deep Spending Cuts
Some of the world’s largest oil and gas companies have adopted a new modus operandi ever since the historic oil price crash of 2020 devastated …
Read Full ArticleHormuz Crisis to Push Global Coal Demand to Record High
The International Energy Agency expects coal demand to increase this year in response to ongoing oil and gas trade constraints stemming from the closure of …
Read Full ArticleChina Will Dominate Global Nuclear Energy Through 2035, Analyst Says
The future of nuclear energy is in China’s hands. While the United States remains the world’s largest producer of nuclear energy, China’s sector is growing …
Read Full ArticleNew York’s $75 Billion Climate Liability Law Faces an Uncertain Future
In 2024, New York Governor Kathy Hochul signed a law requiring large fossil fuel polluters to pay up to $75 billion in damages. However, after …
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