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LATEST NEWS FROM ENERGY
Energy
Oil set for weekly gains after US threatens indefinite blockade of Iran
Oil prices rose on Friday and were on track for weekly gains after the United States threatened an indefinite naval blockade of Iran, raising concerns about disruptions to crude s...
Energy
Could Germany run some of its coal-fired power plants longer?
Germany delayed this week an interim report about the implications of the lignite exit in its biggest state, fuelling market expectations that the government could choose to let s...
Energy
Russia's second new ice-class LNG carrier heads via Northern Sea Route, LSEG data shows
Russia's second new domestically-built ice-class carrier for transporting liquefied natural gas, the Konstantin Posiet, departed from Bolshoy Kamen Bay in Primorsky Krai and set ...
Energy
Novatek's Ust-Luga gas condensate processing complex damaged by drone attack, sources say
Russian gas producer Novatek's gas condensate processing complex at the Baltic port of Ust-Luga was damaged in a drone attack on August 14, three industry sources told Reuters.
Energy
South Africa's top court blocks Shell's Wild Coast exploration plans
South Africa's Constitutional Court on Friday blocked offshore exploration led by Shell along the country's pristine Wild Coast, a setback for the oil major after years of legal ...
Energy
U.S. TerraPower, South Korea's SK Innovation sign preliminary deal on global SMR projects
TerraPower and South Korea's SK Innovation signed on Friday a preliminary global agreement on small modular reactors (SMRs), Seoul's Industry Ministry said, opening a path for the...
Energy
Nigeria's Dangote refinery plans retail-focused IPO, no foreign listing for now
Dangote Petroleum Refinery's planned October IPO, which could become Africa's largest, is designed to let Nigerians share in the company's growth, its CEO told Reuters, adding tha...
Energy
Asian refiners buy more US crude as Hormuz remains blocked, traders say
At least four Asian refiners bought U.S. crude this week, as the Strait of Hormuz remained effectively closed and refiners sought alternative supplies for delivery later this year...
Energy
Spain extends Almaraz nuclear plant operations through 2030
The Spanish government has extended operations at the Almaraz nuclear plant by more than two years until June 2030, according to an order published in the official gazette on Frid...
Energy
Russian share of India's oil imports surges to record high in July
Indian dependence on Russia's crude surged to a record in July, with shipments from the country making up 50.83% of imports by the third-biggest oil buyer and consumer, or 2.47 mi...
Energy
Fuel oil from Malaysia PRefChem refinery heads to US for first time since 2023
A fuel oil cargo from Malaysia's PRefChem is heading to the United States for the first time since 2023, shipping data showed, as disruptions from the Iran war keep global availa...
Energy
Oil steadies after US threatens indefinite blockade of Iran
Oil prices inched up on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session's fall o...
Energy
PJM proposes plan to buy more power for data centers
PJM Interconnection, the biggest U.S. grid operator, proposed on Thursday a backstop plan with federal regulators to procure more power generation to avoid outages from the surgin...
Energy
Argentina's YPF seeks RIGI investment scheme for $51 billion LNG project
Argentina LNG on Thursday submitted an application to participate in the country's investment scheme to develop its integrated liquefied natural gas (LNG) project with a total in...
Energy
US extends Jones Act waiver 90 days, revises compliance rules
U.S. Customs and Border Protection said on Thursday the Department of Homeland Security has approved a second 90-day extension of a Jones Act waiver first issued on March 17, 2026...
Energy
BP granted license for Venezuela's Loran gas field in partnership with XRG, UCC
BP , in partnership with United Arab Emirates' firm XRG and a unit of Qatar's conglomerate UCC Holding, has secured a license to explore and develop the second phase of Venezuela'...
Energy
Citgo's profit jumped to $936 million in Q2 amid strong margins
The profit of Venezuela-owned U.S. refiner Citgo Petroleum jumped to $936 million in the second quarter from $100 million in the same period last year amid solid refining margins r...
Energy
Madagascar imports diesel cargo to address energy emergency
Madagascar's government has imported a shipment of diesel to help ease energy supply disruptions triggered by the Iran war, but it has angered a group of private companies by byp...
Energy