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US ADP Employment Change 4-week average drops to 8.25K
Private-sector hiring in the US has further cooled in late July. According to the NER Pulse, the wee...
Nasdaq set to lead tentative Wall Street rebound ahead of July CPI
Ahead of the bell The Nasdaq is expected to lead a tentative recovery on Wall Street when trading ge...
AI Data Center Boom Could Drive Fuel Cell Market to $30 Billion by 2030
Data center developers are scrambling for reliable power, turning away from congested grids and toward on-site fuel cells. Rystad Energy research and analysis projects a tenfold increase in fuel cell ...
Middle East Fuel Oil Exports Set to Hit Four-Month High
Fuel oil exports from the Middle East are expected to rebound to a four-month high this month as tanker traffic through the Strait of Hormuz picks up and key fuel oil producers Iraq, Saudi Arabia, and ...
Russia Faces Growing Fuel Crunch as Ukrainian Strikes Knock Out Refineries
Russia is facing its worst nationwide fuel shortages in years, with at least 17 regions imposing mandatory restrictions on gasoline and diesel sales, and dozens of others reporting shortages or restri ...
ADNOC Cuts Murban Crude Price to $101.48 as Hormuz Tensions Ease
ADNOC, the national oil company of Abu Dhabi, has cut the official selling price for July for its flagship Murban crude to $101.48 per barrel, down from $104.44 a barrel for June, amid weakening inter ...
China to Increase Fuel Export Allowances for July
China is raising the volume of fuels it is allowing state refiners to export, in a move that would alleviate concerns about tight refined petroleum supplies in Asia. China’s authorities this week met ...
ADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap Project
The national oil company of the United Arab Emirates, ADNOC, has signed agreements with BP and TotalEnergies to let the European oil and gas supermajors take 10% each in the consortium developing one ...
$70 Oil Could Put India Back on Track for 7% Economic Growth
India’s economy could return to the trajectory to grow by 7% and even more in the fiscal year through March 2027 if oil prices remain close to the current $70 per barrel, according to a senior officia ...
Iraq Could Quit OPEC in Bid to Pump More Oil
OPEC’s second-largest producer, Iraq, is considering exiting the cartel if the organization rejects Baghdad’s plan to boost its oil production quota in line with some of the other members, sources in ...
Trump Singles Out Exxon, Chevron, Shell, and BP Over High Gas Prices
President Donald Trump has listed Exxon, Chevron, Shell, and BP as being among companies responsible for excessively high fuel prices, following the announcement of a federal government probe into pri ...
Qatar Signs Crude Deal With Taiwan as Gulf Oil Trade Recovers
In the latest sign of recovering oil flows in the Persian Gulf, Qatar inked a deal with a Taiwanese refiner for the sale of a cargo of Al-Shaheen crude, Bloomberg reported today, citing unnamed tradin ...
Natural Gas Prices Set to Ease as Qatar Restores LNG Output
Natural gas markets are on course to return to balance in the third quarter of the year as the Strait of Hormuz reopens, the head of the Gas Exporting Countries Forum has said. “If we assume that the ...
Global Battery Storage Boom Is A Boon for Tesla
Global battery storage installations are booming, and so is Tesla’s utility-scale battery business. Tesla has just signed a multi-year supply and execution agreement with clean energy infrastructure p ...