Japan to Unveil New Oil Diversification Strategy
Japan is today set to announce an energy import diversification plan that will include stipulations about support for pipelines in the Middle East aimed at …
Read Full ArticleIran’s Tanker Blacklist Raises New Risks for Gulf Oil
Three Indian refining companies and “a global energy major” will stop using tankers included in a black list that Iran issued earlier on Sunday in …
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Halliburton wins integrated contract from bp for Bumerangue field
Halliburton has secured an integrated contract from BP for the first appraisal campaign in the Bumerangue field, located in deepwater offshore Brazil.
Read Full ArticleOil Prices Fall as Iran-Oman Talks Fuel Hopes of Strait Reopening
Crude oil prices dipped earlier today following news reports about Iran and Oman renewing their talks about joint management of the Strait of Hormuz, as …
Read Full ArticleBig Oil Is Betting Billions On Nuclear Fusion
After decades confined largely to laboratories, nuclear fusion is beginning to attract the kind of money and industrial planning normally reserved for technologies expected to …
Read Full ArticleThe U.S. Power Play in Iraq That Moscow and Beijing Didn’t See Coming
As Russia remains occupied with its war in Ukraine, Iran focuses on defending its territory against U.S. and Israeli attacks, and China maintains its involvement …
Read Full ArticleSPR Sinks Toward Operational Minimum as U.S. Crude Inventories Build
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.2 million barrels in the week ending August 21. …
Read Full ArticleU.S. Refiners Face New Crude Squeeze as Canada Cuts Oil Sands Output
U.S. refineries have been running at full speed for months to make up for lost fuel supply from the Middle East. Fuel exports from the …
Read Full ArticleUranium Prices Surge as Nuclear Demand Accelerates
Bloomberg's continuous front-month uranium futures contract (UXA1 Comdty) briefly surged above $100 a pound in late January, driven by tightening supplies, renewed government support for …
Read Full ArticleSatellite Images Show Seven Tankers Loading Iraqi Crude at Once
Seven crude carriers were moored at Iraq’s Persian Gulf export facilities on August 24—a sharp increase from recent weeks. The carriers had a combined carrying …
Read Full ArticleNorway’s Troll Gas Expansion Buys Europe Time—But Not New Supply
Norway has started production from the second stage of the Troll Phase 3 development, accelerating 55 billion cubic meters of natural gas from the Troll …
Read Full ArticleUK Tax Rises Back on the Table as Burnham Faces Fiscal Crunch
Andy Burnham has suggested tax rises could be on the cards in the looming Autumn Budget, warning he “won’t be unrealistic” over the state of …
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