Energy
LATEST NEWS FROM ENERGY
Energy
Gasoline, diesel exports from Belarus to Russia hit new record high in July, sources say
Supplies of gasoline and diesel from Belarus to Russia hit a new monthly record in July amid fuel shortages driven by unplanned outages at Russian oil refineries following months...
Energy
India eyes Venezuela blocks operatorship; regains Russia's Sakhalin-1 stake
India's top explorer, Oil and Natural Gas Corp (ONGC), hopes to soon sign agreements with Venezuela to operate two oil blocks under the South American nation's new petroleum law, ...
Energy
Glencore's energy trading profits soar on Iran war
Glencore earned 66 times more from energy trading in the first half of 2026 than it did a year earlier, joining other major commodity traders profiting from market turmoil create...
Energy
Uganda expects oil refinery final investment decision in February
A final investment decision (FID) for Uganda's planned crude oil refinery is expected next February, the sector regulator said of a step that could trigger long-delayed developme...
Energy
Phillips 66 beats quarterly estimates as Iran war boosts US refining margins
Phillips 66 reported a nearly fourfold jump in second-quarter profit on Wednesday, crushing Wall Street estimates, as the Middle East conflict squeezed global fuel supplies and s...
Energy
Siemens Energy board to meet August 25 to discuss possible division spinoff, source says
Siemens Energy's supervisory board will hold an extraordinary meeting on August 25 to discuss a possible spinoff of a division that caters to industrial firms, a person familia...
Energy
Hungarians curb power use as record low Danube waters trigger energy crunch
Hungarian companies and households have cut their power consumption this week in an unprecedented way, after a government appeal to ease pressure on the grid amid a severe drought...
Energy
India may charge gas users to fund planned $42 billion fuel reserves, sources say
India may impose a charge on cooking gas and natural gas consumers to help fund a planned $42 billion strategic fuel reserve, according to two sources with direct knowledge of the...
Energy
Australia's new data centres must be majority renewable powered, says minister
Australia’s energy minister Chris Bowen said on Wednesday that plans by the Northern Territory to use its large-scale shale gas resources to power data centres would run counter to...
Energy
Indian refiners buy Middle East and West African crude, sources say
Indian refiners Mangalore Refinery and Petrochemicals bought 1 million barrels of Oman crude via a tender, three trade sources said on Wednesday.
Energy
Australia cuts cost of rooftop solar for businesses
Australia will accelerate its transition to renewable energy by cutting the cost to install rooftop solar panels on factories, warehouses, farms and other businesses by around on...
Energy
Canada's Gran Tierra to sell South American assets to Maurel and Prom in $1.33 billion deal
Canadian oil and gas producer Gran Tierra Energy said on Wednesday it had agreed to sell its Colombian and Ecuadorean oil operations to France's Maurel & Prom for $1.33 billion, ...
Energy
Serbia to open refinery to other firms to secure fuel supplies
Serbia will make part of its sole NIS oil refinery available to other domestic oil firms to secure supplies in August because of high demand and record-low water levels in the D...
Energy
Siemens Energy posts record results on AI data centre boom, Middle East demand
Siemens Energy posted record high third-quarter sales, margins and orders on Wednesday, boosted by the expansion of AI data centres in the United States and power plants in the Mi...
Energy
China eases controls on fuel exports for a second month, sources say
China has eased limits on refined fuel exports for a second month in August, giving refiners temporary approval to ship 2.7 million metric tons to destinations excluding Hong Kon...
Energy
Australian regulator sues Japan's Inpex over Ichthys LNG emissions breaches
The environmental regulator in Australia's Northern Territory charged Japanese energy giant Inpex in court on Wednesday with under-reporting emissions from its Ichthys liquefied ...
Energy
China's northern power grids hit record loads as heatwave sweeps through
A heatwave pushed power demand across northern, northeastern and eastern China to record highs earlier this week, the State Grid Corporation of China said in a statement on Tuesd...
Energy
Colombia to resume power exports to Ecuador, enables export contracts
Colombia will resume electricity exports to Ecuador on Wednesday, outgoing Energy Minister Edwin Palma said, adding that the government had also enabled mechanisms for export con...
Energy