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Why the Next Billion Barrels of Oil Demand Could Come From Storage
The closure of the Strait of Hormuz and the stranding of more than 10 million barrels per day (bpd) ...
Wall Street ends lower as AI spending concerns mount
STORY: A down day on Wall Street Tuesday saw the Dow edge lower, while the S&P 500 tumbled nearly on...
EU allies join US pact to break reliance on Chinese AI supply chains
Jacob Helberg, architect of Pax Silica, tells the FT the American-led group will boost innovation...
Why the Next Billion Barrels of Oil Demand Could Come From Storage
The closure of the Strait of Hormuz and the stranding of more than 10 million barrels per day (bpd) of crude oil in the Persian Gulf was a wake-up call for import-dependent countries to expand their c ...
Pemex Wants Petrobras' Deepwater Magic
When you're drowning in debt, plagued by declining production, and running a refining business that seems chronically allergic to profits, buddying up with a more successful partner starts looking lik ...
Saudi Arabia’s Decided Who Its Future Superpower Partner Is, And It’s Not the US
Since the replacement of Russia by China as the primary would-be superpower rival to the U.S., Saudi Arabia has sought to balance its relationships with Beijing and Washington -- sometimes leaning mor ...
Traders Question How Much Iranian Oil Can Really Return to Market
US-Iran talks and a 60-day sanctions waiver have eased supply fears, but traders remain cautious on the outlook for Iranian oil exports. From War Shock to Weather Shock: Super El Niño Threatens Fresh ...
Novak: Russia Considers Complete Ban on Diesel Exports
Russia is considering a full ban on diesel exports as authorities scramble to stabilize the domestic fuel market amid refinery disruptions, rising prices, and supply shortages linked to Ukrainian atta ...
Tankers Emerge from Dark Mode amid Tentative Hormuz Reopening
A growing number of oil tankers have been broadcasting their position and intention to pass through the Strait of Hormuz in recent hours, in a sign that a tentative recovery of traffic through the cho ...
Tankers Emerge from Dark Mode amid Tentative Hormuz ReopeningTankers Emerge from
A growing number of oil tankers have been broadcasting their position and intention to pass through the Strait of Hormuz in recent hours, in a sign that a tentative recovery of traffic through the cho ...
U.S. and Iran Signal Progress Toward Peace Deal
Iran and the United States cited progress in talks toward reaching a final peace deal, though comments from both sides highlighted the fragile state of negotiations. Hours after US Vice President JD V ...
Europe’s Battery Storage Installations Set to Quadruple by 2030
further accelerate through 2030 as utility-scale projects lead growth, the SolarPower Europe association said in a new report on Tuesday. Last year, the European battery storage market saw 36 gigawatt ...
India Boosts U.S. LPG Imports to Record High
Despite higher prices, India is set to import the biggest ever volumes of liquefied petroleum gas (LPG) from the United States in June as it seeks to replace still-constrained supply from the Middle E ...
Europe’s EV Boom Accelerates as Chinese Brands Gain Ground
Electric vehicle sales, increasingly featuring Chinese vehicles, led an overall increase in car sales in Europe last month, with gasoline and diesel cars booking declines amid higher prices at the pum ...
UK Has Enough Electricity for Winter Despite Energy Market Turmoil
The UK will have sufficient electricity supply this winter despite the Strait of Hormuz crisis, NESO, the country’s grid operator, said today. “While we will continue to monitor global energy markets, ...