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LATEST NEWS FROM ENERGY
Energy
Turkey lifts special consumption tax on diesel until September
Turkey will remove a special consumption tax on diesel until the end of August, with a presidential decree published in the Official Gazette on Thursday.
Energy
Oil eases as weaker demand outlook counters Mideast supply concerns
Oil prices eased on Thursday after gains in previous sessions, as attention turned to expectations of weaker global oil demand this year, while there was no progress on opening th...
Energy
India fuels global growth in planned coal mining capacity, report says
India nearly doubled its planned coal mining capacity in 2025, fuelling a global rise in proposed coal mine developments, a report by Global Energy Monitor showed.
Energy
South Korea's SK Shipping to become Asia's largest LNG carrier operator in H-Line asset swap
South Korean shipping companies SK Shipping and H-Line Shipping will swap vessels and long-term contracts in a deal that will make SK Shipping Asia's largest liquefied natural ga...
Energy
Australia's Origin Energy beats annual profit estimates on energy markets gains
Australia's Origin Energy on Thursday reported full-year underlying profit that slightly beat analysts' estimates, as robust earnings growth at its energy markets division helped...
Energy
Australia commits $1.76 billion to keep Rio Tinto aluminium smelter open
Australia on Thursday said it would provide A$2.5 billion ($1.76 billion) to help keep global miner Rio Tinto's Tomago aluminium smelter, the country's largest, open beyond 2028,...
Energy
Braskem eyes out-of-court restructuring as early as this month, sources say
Braskem , Latin America's largest petrochemical firm, is in advanced talks for a potential out-of-court restructuring that could be filed as early as this month, two people famili...
Energy
Battery cell production at Ohio plant to restart for GM EVs
A factory jointly owned by General Motors and LG Energy Solution in northeast Ohio is scheduled to restart production of battery cells next week after a seven-month shutdown.
Energy
Top US refiners see profits soar, step up investor rewards
Top U.S. fuel makers boosted returns to shareholders in the second quarter as prolonged disruptions to crude supplies through the Strait of Hormuz sent fuel prices and refining ma...
Energy
Ship recycler GMS buys two sanctions-hit tankers from US government
Dubai-based GMS has won U.S. government approval to scrap two sanctions-hit oil tankers it acquired, months after securing agreements to recycle four sanctions-hit container ship...
Energy
U.S. crude inventories rise by most in 3.5 years as exports slump
U.S. crude stocks excluding barrels in the Strategic Petroleum Reserve posted a surprise build and made their largest weekly gain since January 2023 last week as exports slumped, ...
Energy
Bangladesh turns to US for LNG supplies amid global supply disruptions
Bangladesh is turning to the United States for a long-term liquefied natural gas supply deal as it seeks to shore up energy supplies amid disruptions in global gas markets caused ...
Energy
Russia's Orenburg region brings in fuel rationing after Ukrainian refinery strike, governor says
Russia's Orenburg region has introduced fuel rationing amid a "difficult" situation in the Urals mountain province following a Ukrainian drone strike on its Orsk refinery this we...
Energy
Saudi Red Sea oil exports go dark as Houthi attack threat grows
Saudi crude exports from the Red Sea are increasingly vanishing from view as tankers switch off tracking signals to avoid attacks by Yemen's Iran-aligned Houthis, with analysts s...
Energy
Storms leave over 729,000 homes and businesses without power in US Midwest
Over 729,000 homes and businesses were without power on Wednesday as severe storms battered the U.S. Midwest, according to data from PowerOutage.us.
Energy
OPEC further lowers 2026 global oil demand growth forecast
OPEC on Wednesday lowered its forecast for world oil demand growth in 2026 to 580,000 barrels per day, a copy of its monthly report showed, marking the fourth straight downwa...
Energy
Russia's Orsk refinery halted processing after August 11 drone attack, sources say
Russia's mid-sized Orsknefteorgsintez oil refinery ceased processing on August 11 after a fire that followed a Ukrainian drone attack, two industry sources said on Wednesday.
Energy
Full energy grid protection against drones 'illusory', E.ON CEO says
Critical energy grids cannot be fully protected against outside threats such as drones, the CEO of E.ON said on Wednesday, a week after a drone incident at one of Germany's airpo...
Energy