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EU Locks In Plan To Triple Energy Storage Capacity By 2030
Europe desperately needs an energy storage revolution. As the region gets rocked by the third energy...
Oil Traders Stay Bearish Despite Deepening Middle East Disruptions
Despite continued hostilities in the Middle East and an expansion of the war to the Red Sea, oil tra...
S&P closes at record high as soft jobs report eases rate-hike concerns
STORY: U.S. stocks rallied on Friday, with the Dow gaining more than a quarter of a percent, the S&P...
A Handful of Tankers Are Still Crossing the Strait of Hormuz
Despite a near-halt in daily Hormuz traffic, Bloomberg reports that almost all large non-Iranian tankers that have entered the Persian Gulf during the war appear to have successfully exited with a car ...
Iran’s Floating Oil Stockpile Jumps 65% as U.S. Naval Blockade Bites
The volumes of Iranian oil stored at tankers in and around the Strait of Hormuz have jumped in recent weeks as Iran considers ways to circumvent the U.S. blockade in the Gulf of Oman aimed at choking ...
Germany Launches Formal Sale Process for Uniper
Germany on Tuesday launched the privatization process of energy giant Uniper, which the government bailed out in 2022 in a multibillion transaction. Germany is considering a sale or an initial public ...
Nigeria Needs New Export Markets as UAE's Exit Rattles OPEC
Nigeria should market its crude oil to new buyers as the UAE’s decision to leave OPEC is dislocating the balance that the cartel and the OPEC+ group have been seeking for years, according to Wole Ogun ...
Indian Airlines Ask Refiners to Postpone Local Jet Fuel Price Hike
Major Indian airlines have asked the state oil companies to postpone hikes in jet fuel prices for domestic flights until the Middle East crisis is over, Bloomberg reported on Tuesday, quoting sources ...
Japan and South Korea Deepen Oil Ties as Hormuz Crisis Bites
The prime ministers of Japan and South Korea have agreed to boost oil supply cooperation, which would involve joint storage, Nikkei reported today, ahead of a meeting between the top officials in Sout ...
Australia Turns to China for Emergency Jet Fuel Supplies
Australia has secured three shipments of jet fuel from China, and more are expected in the coming months as Australia is scrambling to ensure its fuel supply amid the global crunch, and one of its onl ...
India Hikes Fuel Prices for the Second Time in a Week
India’s state fuel traders raised retail prices for the second time in less than a week, as they seek to cushion the blow to margins from soaring crude prices while the war in the Middle East drags on ...
Asia’s Gas Crunch Opens the Door for Australian LNG
Asian energy importers are likely to develop a stronger - and lasting - taste for Australian natural gas as they get pressured by a Middle East energy commodity supply shortage. That’s according to on ...
Oil Prices Fall After Trump Pauses Planned Iran Strike
Oil prices dropped in early Asian trade on Tuesday after President Trump said he had paused a planned military strike on Iran to allow negotiations to continue. At the time of writing, Brent front-mon ...
The Pentagon Wants 300,000 Drones But China Controls The Magnets
The Pentagon recently placed the largest drone order in American history — 30,000 one-way attack drones, with plans to scale past 300,000 by early 2028. There’s one major problem: every one of those d ...
US Waiver Extension Keeps India’s Russian Crude Lifeline Open
The middle of May brought very little good news to the Asian refiners, but the extension of the US waiver on Russian crude and oil products on May 18 has certainly become one. The Trump administration ...