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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...
Ukrainian Drones Strike Russian Refinery Deep Behind Front Lines
Ukrainian drones targeted a Russian oil refinery hundreds of kilometers from the Ukrainian border, the latest in a campaign of deep strikes aimed at disrupting Russia’s oil industry. The May 31 overni ...
Pakistan Inflation Accelerates to 11.7% on Oil and Gas Import Shock
The surge in international oil and gas prices amid the Iran war hiked Pakistan's inflation to the highest level in two years as energy import costs ballooned. Pakistan's general inflation jumped to 11 ...
Norway Strike Could Hit 600 Offshore Workers as Wage Talks Collapse
A potential strike over wages could threaten smooth operations offshore Norway, Western Europe's top oil and gas producer, at a time when the world is scrambling for oil and gas supply amid the Middle ...
Inside The Iran Deal That May Change Nothing — But Could Smash Oil Prices Anyway
After more than three months of fighting and stop-start negotiations, Washington and Tehran are now reportedly on the verge of a deal that would end the conflict. However, according to well-placed sou ...
Trump Hardens Terms as Iran Negotiations Reach Critical Stage
Trump Toughens the Terms of Potential Deal Fresh Sunday reporting in the NY Times says President Trump has responded to Iran's refusal to budge on giving up its nuclear material by tightening US condi ...
BP Sells 5% Stake in Australia's Newest $35 Billion LNG Project
BP will sell 5% in the $35-billion Browse LNG project in Australia, which Australian energy giant Woodside is looking to progress, the UK-based supermajor told Reuters on Monday. BP is selling the 5% ...
Oil Prices Up 3% As Trump Demands Changes To Iran Deal
Oil prices pushed higher Monday, with Brent crude topping $94 per barrel and WTI climbing above $90, after President Donald Trump sent a proposed Iran peace agreement back for revisions, raising fresh ...
French Navy Intercepts Suspected Shadow Fleet Vessel Bound From Russia
The French Navy has boarded and seized in the Atlantic a Russia-linked oil tanker which is under international sanctions, French President Emmanuel Macron said on Monday. The French navy on Sunday mor ...
Indian Refiners Freeze Domestic Jet Fuel Prices
Indian refiners have frozen the price of jet fuel for domestic flights after airlines asked for a respite from fuel price hikes, Bloomberg has reported, adding that in April, jet fuel prices jumped by ...
Oil Prices Rise as Israel Expands Lebanon Offensive
Oil prices climbed in early Asian trading on Monday as Israeli troops moved further into Lebanon over the weekend, adding fuel to fears that the broader Middle East conflict is moving toward escalatio ...
The Iran War’s First 90 Days Upended Energy Markets
The Iran war suddenly turned what had started as a year of oversupply in global oil and LNG markets into the worst oil and gas supply disruption in history. Three months after the U.S.-Israeli strikes ...
Britain’s Nuclear Renaissance Faces Mounting Cost Pressures
The United Kingdom is focused on diversifying its energy mix away from fossil fuels to boost energy security and support decarbonisation aims. This includes expanding its nuclear power capacity with t ...