U.S. Diesel Reserves Sit Near 23-Year Lows
Brent and WTI futures remain below $100 a barrel on Tuesday morning, partly suppressed by governments releasing strategic oil reserves into global markets. But the …
Read Full ArticleChina’s Solar Exports Fell 21.4% in July
Chinese exports of solar cells and panels dropped in July as the removal of the local export tax rebate as of April 1 continued to …
Read Full ArticleRussia Bars Anti-War Opposition Party From Election
Russia's Supreme Court has rejected an appeal by the Yabloko party, the sole officially registered party to openly oppose Moscow's war on Ukraine, against its …
Read Full ArticleHow Gulf Oil Is Escaping the Strait of Hormuz
Gulf oil producers are finding new ways around the Strait of Hormuz, but bypassing the world’s biggest oil chokepoint creates new risks. VLCC Rates Go …
Read Full ArticleJeff Currie: Forget $91 Brent, The Real Crisis Is $170 Diesel
Brent at $90.94 looks almost civilized. Jeff Currie thinks that is exactly the problem: everyone is staring at crude while the real energy shock is …
Read Full ArticleRomania Restarts Coal Plant as Danube Drought Forces Nuclear Shutdown
Romania has this week restarted a 300-megawatt coal-fired power plant to partially offset the generation lost by the closure of nuclear electricity output after the …
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Monumental Energy’s Tirua Point permit accepted for review
Monumental Energy said New Zealand Petroleum & Minerals has accepted its application for petroleum exploration permit PEP61554 in the Taranaki Basin and moved it to …
Read Full ArticleThe Case for Britain Backing Its North Sea Oil and Gas Industry
Britain faces a simple choice. While we still need oil and gas, do we produce more of it here, supporting jobs, investment, energy security and …
Read Full ArticleGulf-to-China Supertanker Rates Hit $510,000 a Day
The daily rate for chartering a supertanker to pick up crude oil from within the Persian Gulf and deliver it to China has surged this …
Read Full ArticleTankers U-Turn at Hormuz as Iran Tightens Its Grip
Tanker traffic at the Strait of Hormuz has become even more erratic than before, with vessels meandering and U-turning, unsure how to proceed amid escalating …
Read Full ArticlePakistan's Power Generation Costs Jump 38% on Record Spot LNG Buys
Power generation costs in Pakistan surged by 38% in July from a year earlier as the country paid the highest spot LNG prices in four …
Read Full ArticleHouthis Claim Third Attack on Saudi Aramco Refinery in Two Weeks
The Iran-aligned Houthi group on Tuesday claimed it had targeted Saudi Aramco’s Jazan oil refinery on Red Sea coast in southwest Saudi Arabia, in what …
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