Brent Tops $89 Amid U.S.-Iran Stalemate Over Hormuz
Brent Crude oil prices rose above $89 per barrel in early trade in Europe on Wednesday as Iran and the United States offered contrasting claims …
Read Full ArticleTanker Data Contradicts U.S. Claim That Middle East Oil Flows Have Normalized
Oil flows from the Middle East have normalized, with Sunday traffic alone above pre-conflict averages, U.S. Secretary of Energy Chris Wright said on Tuesday in …
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Aker BP and Equinor report dry well at Svarteknippa in North Sea
Aker BP and Equinor have concluded drilling operations at the Svarteknippa site in the Norwegian North Sea, without discovering any hydrocarbons.
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Baker Hughes wins KOC contract for Ahmadi Innovation Valley project
Baker Hughes has been awarded a contract by KOC to collaborate on technology innovation as part of the Ahmadi Innovation Valley project.
Read Full ArticleDrone Attack Hits Power Plant at Key Libyan Oil Hub
A drone has struck a power station at the Zawiya oil export terminal in Libya, suggesting continued attacks on one of the country’s main oil …
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Phillips 66 and partners approve $5bn Western Gateway Pipeline
Phillips 66, Kinder Morgan and HF Sinclair have made an FID on the proposed $5bn Western Gateway Pipeline in the US.
Read Full ArticleRussia Imports Indian Fuel as Refinery Crisis Deepens
Russia has started importing fuels from India, Bloomberg reported today, citing Kpler data that shows one cargo of 42,000 tons of gasoline from Nayara Energy’s …
Read Full ArticleInside the U.S.–Israel–Saudi Plan to Cut Iran Out of Global Oil
Whatever officially occurs next in the on-again/off-again negotiations towards a peace deal between the U.S. and Iran, unofficially Tehran knows that it has established de …
Read Full ArticleAlaska’s $55B LNG Mega-Project In Talks With More Buyers Ahead Of FID
Two years ago, Alaska LNG was struggling to secure the private financing needed to move forward, with high Arctic construction costs, logistical complexities and massive …
Read Full ArticleSodium-Ion Batteries Gain Ground as Lithium Alternative
Batteries have been a hot topic for years amid the energy transition rush of many governments, but now, it has become even hotter as the …
Read Full ArticleMiddle East War Pushes China Toward the Arctic Trade Route
The Middle East conflict and the heightened threats to shipping in the Red Sea have prompted China to boost the use of the Arctic to …
Read Full ArticleUS Crude Oil Inventories See Surprise Build: API
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 9.072 million barrels in the week ending August 7, …
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