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Energy
US shale producer EOG Resources beats quarterly profit estimates on higher crude prices
U.S. shale producer EOG Resources beat analysts' estimate for second-quarter profit on Tuesday, helped by a surge in crude prices.
Energy
Texas governor orders pause on new data center approvals pending audit
Texas Governor Greg Abbott ordered a pause on approvals of new data center projects through the state's grid interconnection process, citing concerns that a surge in electricity d...
Energy
Devon posts highest quarterly profit since 2022 on stronger oil prices, Coterra deal
Devon Energy on Tuesday reported its highest quarterly profit since 2022 that also topped Wall Street expectations, benefiting from its merger with Coterra Energy and a surge in gl...
Energy
Petrobras halts studies for $1 billion gas pipeline in Brazil amid regulatory uncertainty, sources say
Brazil's Petrobras is reassessing a major natural gas infrastructure investment in Brazil amid regulatory uncertainty surrounding a proposed government program that could also imp...
Energy
White House set to extend Jones Act waiver as Trump hunts for cheaper gasoline
The White House is expected to extend a waiver of the century-old Jones Act in the coming days to try and hold down gasoline prices, sources said, as President Donald Trump escala...
Energy
EPA cannot block billions in climate grants, US appeals court rules
A federal appeals court said the U.S. Environmental Protection Agency cannot freeze about $20 billion of clean energy grants awarded to several nonprofit groups, handing a defeat ...
Energy
India's ONGC posts profit jump as crude price surge boosts margins
Oil and Natural Gas Corp , India's state-run explorer, on Tuesday reported a first-quarter profit that more than doubled, helped by higher crude price realisations.
Energy
Nigeria's Dangote refinery aims to raise $5 billion with October listing, source says
Nigeria's Dangote oil refinery is set for Africa's biggest ever market listing as it seeks to raise about $5 billion through an initial public offering expected to conclude in Oct...
Energy
Public Service Enterprise beats profit estimates on electric and gas unit boost
U.S. utility Public Service Enterprise on Tuesday beat second-quarter profit estimates, helped by strength at its electric and gas unit while higher interest costs weighed on its...
Energy
NRG Energy misses quarterly profit estimates as interest costs rise
Power producer NRG Energy missed Wall Street estimates for second-quarter profit on Tuesday, weighed down by higher interest expense and costs related to assets acquired from LS ...
Energy
Castrol India's quarterly profit jumps on strong retail, industrial demand
Engine oil maker Castrol India posted a 42.6% rise in its quarterly profit on Tuesday, helped by strong volume growth across its consumer, industrial and institutional businesses...
Energy
Marathon Petroleum posts highest profit since 2022 as supply disruptions lift margins
Refiner Marathon Petroleum reported its highest quarterly profit in four years on Tuesday and topped analysts' profit estimates, as prolonged disruptions to crude supplies through...
Energy
Syria tells US it is willing to drastically drop Russian oil imports, sources say
Damascus has agreed to drastically reduce imports of Russian oil as part of its ongoing discussions with the United States on lifting the last major sanctions designation on Syria...
Energy
Japan's strategic oil reserves rise by 3 days of consumption in July
Japan's strategic crude oil reserves rose by three days to the equivalent of 202 days of consumption in July despite the prolonged Iran war as it secured alternative supply, th...
Energy
Russian July seaborne oil product exports drop 33% m/m, data from sources shows
Russia's seaborne oil products exports fell by a third in July month-on-month to about 3.9 million metric tons, reflecting a drop in fuel production following Ukrainian attacks o...
Energy
Morocco to build $1.5 billion waste-to-energy plant in Casablanca
A consortium led by Swiss-Japanese firm Kanadevia Inova said it plans to start building a $1.5 billion waste-to-energy plant in Casablanca by the end of the year, with full operat...
Energy
Goldman sees Brent at $80-$90 until US-Iran deal or major escalation
Goldman Sachs said on Tuesday it expects Brent crude to trade in an $80-$90 per barrel range until there is either confirmation of a new U.S.-Iran nuclear deal or a significant e...
Energy
Vattenfall wins contracts to build two offshore wind farms in Danish waters
Sweden's Vattenfall has won contracts to build two offshore wind farms in Denmark's North Sea and Kattegat, the Danish Energy Agency said in a statement on Tuesday.
Energy