China Buying More Oil despite Higher Prices
Chinese crude oil imports strengthened in August, as cargoes from the Persian Gulf crept higher and refiners increased purchases from other sources. Undeterred by higher prices, importers shipped in 37.9…
High Crude and LNG Prices Weigh on India’s Oil and Gas Sector
The renewed rally in crude oil and LNG prices and the higher freight costs are pressuring the marketing margins of India’s oil and gas sector, which has to contend with…
American and African Crudes Soar as China’s Oil Imports Rebound
The prices of crudes from Canada, South America, and Africa have jumped in recent weeks as Chinese oil import demand is rising from a decade-low, benchmark prices rally, and Middle…
China Halts New Battery Storage Plant Approvals
China has paused approvals for new battery storage factories amid a review of existing and planned capacity, Chinese financial news outlet Cailianshe reported this weekend, citing industry sources. The temporary…
Saudi Aramco’s Jizan Refinery Hit Again as Houthi Attacks Escalate
Saudi Aramco’s 400,000-barrel-per-day Jizan refinery was hit in a new attack Monday, threatening a major Red Sea refining hub while Saudi Arabia is moving more oil west to avoid the…
Europe aerospace takes off with commercial satellite launch
©Isar Aerospace You’ve read 1 of 1 of your free articles this month. By 23 min ago 2 min read German firm Isar Aerospace has become the first European commercial…
Sinopec and partners launch global CCUS initiative
By 31 min ago 3 min read Chinese state-owned oil, gas, and chemical giant Sinopec has joined international partners in launching a new initiative aimed at strengthening cooperation on carbon…
Goldman Sachs Warns Oil Could Hit $120 as Shipping Risks Rise
Oil prices could surge to as much as $120 per barrel if attacks on shipping in the Middle East intensify, according to Goldman Sachs. “Events over the last few days…
India’s Crude Oil Benchmark Tops $100 as Middle East War Escalates
India’s average crude import price soared to above $100 per barrel at the end of last week and is set to further rise this week as international crude prices rallied…
India Ramps Up Rail Coal Deliveries as Power Plant Stockpiles Dwindle
Indian coal companies are ramping up supply to the coal-fired power plants as coal stocks at dozens of the plants dropped to critically low levels, India’s Ministry of Coal said…
