Energy
LATEST NEWS FROM ENERGY
Energy
Chevron finds oil, gas condensate offshore Angola
Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to grow production in sub-Saharan Africa ...
Energy
China's July oil throughput posts first month-on-month rise since Iran war
China's July crude oil throughput fell 15.8% from a year earlier but edged up from June, marking the first month-on-month rise since the Iran war began in late February, data from...
Energy
Tanker salvage and oil spill clean-up hampered by weather and technical challenges, Oman says
Weather conditions and operational challenges were hampering salvage efforts for a grounded tanker that was leaking Russian crude oil in a protected marine area off Oman's coast, ...
Energy
Russia's Black Sea Novorossiysk port resumes oil loadings after drone attack, sources say
Russia's main Black Sea oil port of Novorossiysk resumed operations on Sunday after halting loadings on Friday following a drone attack, two trading sources said.
Energy
Second wave of fuel shortages at petrol stations sweeps across Russia
Fuel shortages have returned to some regions of Russia in August, prompting local authorities in at least 10 regions to again tighten controls on sales of motor fuel at petrol st...
Energy
China sets new 2030 targets for energy infrastructure development
China released its 15th Five-Year Plan for the oil and gas sector on Monday, setting new targets for energy infrastructure development.
Energy
US railroad Union Pacific turned charges meant to cover fuel cost spike from Iran war into profit
U.S. railroad Union Pacific collected $91.1 million more in fuel surcharges than it paid for fuel during the second quarter, far outpacing rivals, according to a company filing wi...
Energy
Pakistan refiner Cnergyico expands US crude imports amid Hormuz disruption
Pakistan's largest refiner Cnergyico is buying more U.S. crude as Islamabad seeks to diversify the country's energy supplies after disruption caused by the Iran war exposed its de...
Energy
New Syria-Iraq crude pipeline still years away, sources say
Iraq's plans to export oil via a pipeline through Syria to avert future disruptions in the Strait of Hormuz will likely require four years of construction and cost at least $15 bi...
Energy
China leads wave of clean power wastage as grids globally hit limits
China turned away enough clean energy to power Mexico for a year in the six months through June as its grids hit their limits, while networks in many other nations such as Austra...
Energy
India lets renewable power producers pay to keep grid connectivity after delays
India's power regulator has allowed clean energy developers to pay more to keep their grid connectivity after missing project deadlines, instead of losing their access to the tra...
Energy
Oil rises as US-Iran peace talks stall, Hormuz shipping slows
Oil prices rose on Monday as fading expectations of a U.S.-Iran peace breakthrough and slower tanker traffic through the Strait of Hormuz reinforced geopolitical risk concerns in t...
Energy
Most Gulf bourses gain despite stalled Iran talks, Hormuz disruption
Most Gulf stock markets rose on Sunday despite ongoing regional uncertainty, with peace talks showing no signs of progress and oil tanker traffic through the strategic Strait of ...
Energy
India sets targets for oil companies to boost cooking gas output amid Middle East war
India has set a maximum daily cooking gas production target of 63,810 metric tons for state-run and private refineries to ensure domestic supplies and build buffers after U.S.-Is...
Energy
Billionaire Peter Thiel buys 1% stake in Argentine Vaca Muerta oil firm, filing shows
Palantir chair and co-founder Peter Thiel has bought a 1% stake in Argentina's Vista , one of the largest oil companies operating in the country's Vaca Muerta shale formation, ac...
Energy
India cuts windfall tax on exports of petrol, diesel, aviation fuel
India has lowered windfall taxes on exports of petrol, diesel and aviation turbine fuel with effect from Saturday, according to a government order.
Energy
Peru announces fuel subsidies for transport sector amid protests over rising costs
Peruvian President Keiko Fujimori said on Friday the government will implement short-term fuel subsidies for drivers working in cargo and passenger transportation, aiming to offs...
Energy
Russia's Black Sea's Sheskharis terminal halts loadings after drone attack, sources say
Crude oil exports from Russia's Sheskharis terminal at the Black Sea port of Novorossiysk were suspended on Friday following a drone attack, three sources familiar with the matter...
Energy