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LATEST NEWS FROM ENERGY
Energy
BP's second-quarter profit more than doubles from a year ago
BP on Tuesday posted a second-quarter underlying replacement cost profit, its version of net income, of $5.73 billion, more than double that of a year ago and above e...
Energy
HPCL buys W.Africa crude for Rajasthan refinery, sources say
India's Hindustan Petroleum Corp has bought two million barrels of oil from West Africa via a tender for its 180,000 barrel-per-day (bpd) refinery in the desert state of Rajas...
Energy
Aramco posts 44% rise in net profit as Iran war drives up oil prices
Saudi oil giant Aramco reported a 44% increase in second-quarter net profit on Tuesday, as it reaped higher prices for crude oil, refined products and chemicals while forced to r...
Energy
Oil traders set to wind down UAE exchange positions after ADNOC benchmark change
Oil traders are expected to square out positions held in Murban crude futures contracts on the ICE Futures Abu Dhabi (IFAD) exchange after the Abu Dhabi National Oil Co said it w...
Energy
Oil ticks up after selloff as talks to end US-Iran war remain uncertain
Oil prices rebounded 1% on Tuesday from a plunge in the previous session, fuelled by concerns that Middle East supply remains at risk as a diplomatic resolution to the U.S.-Iran w...
Energy
ONEOK boosts 2026 forecast as higher NGL volumes boost quarterly profit
U.S. pipeline operator ONEOK on Monday raised its 2026 earnings forecast for the second time this year, banking on record natural gas liquids raw feed throughput volumes.
Energy
Cuba's electric grid collapses again, less than a day after last blackout
Cuba's national electrical grid collapsed again on Monday, state-run media reported, as the government was trying to reestablish the system following a country-wide blackout on S...
Energy
Venezuela's oil exports fell slightly in July, cargoes to US rose
Venezuela's oil exports fell slightly to 1.16 million barrels per day in July from 1.2 million bpd the previous month as the country drained fewer inventories, but exports to the U...
Energy
US oil exports in July fall to lowest level in eight months, data shows
U.S. oil exports in July fell to 3.66 million barrels per day, the lowest level in eight months, ship tracking data showed, as a short-lived peace deal between the U.S. and Iran ...
Energy
EPA gives Delek refinery biofuel relief, finds HF Sinclair petitions ineligible
The U.S. Environmental Protection Agency on Monday granted a Delek US Holdings refinery full exemption from federal biofuel blending requirements for 2024 while declaring hardship...
Energy
Ameresco books $1.8 billion in new awards as power demand remains strong
Ameresco said on Monday it added $1.8 billion in new awards to its project backlog in the second quarter, more than tripling from a year ago amid strong demand for energy efficien...
Energy
Diamondback rides on higher oil prices to top profit estimates, raise output forecast
Diamondback Energy beat analysts' expectations for second-quarter profit and raised its annual production forecast on Monday, as supply disruptions due to the prolonged conflict i...
Energy
Grenada cancels production-sharing contract with Russian firm
The government of Grenada on Monday canceled its production-sharing contract with Global Petroleum Group, a Russian-backed outfit that in 2017 announced it had made a natural gas...
Energy
US LNG exports stall in July despite higher LNG prices
American LNG producers were unable to take advantage of a rally in global gas prices in July as maintenance and seasonally lower production kept export volumes largely unchanged ...
Energy
Freight rates for Russia’s Urals rise sharply in August on higher security risks, sources say
Freight rates for Russia's flagship Urals crude shipments from western ports to India have jumped by about 50% since mid-July as rising global shipping costs and security risks i...
Energy
Russia set to increase exports from western ports in August amid firm demand in Asia, sources say
Oil shipments from Russia's western ports are set to increase 4% in August from July as drone attacks on domestic refineries make more crude available for exports, while strong d...
Energy
Nigeria's NNPC issues another tender to sell Cawthorne crude
Nigeria's state-owned oil company NNPC issued further tenders to sell a cargo of its newest crude oil grade Cawthorne in September, plus another to sell Bonny Light, according to...
Energy
Trump demands lower gas prices from oil companies, chides Chevron CEO
President Donald Trump again called on oil companies to lower gasoline prices for U.S. consumers on Monday, chiding Chevron Chief Executive Mike Wirth for not crediting his admini...
Energy