Ukraine Hits Another Russian Refinery as Fuel Crunch Worsens
Ukraine continues to pound Russian refineries in nearly daily drone attacks that damage refining infrastructure, deepen the fuel crisis in Russia, and tighten global fuel markets. In the latest attack…
China’s Top Refiner Seeks Transformation amid Falling Fuel Sales
The world’s biggest oil refiner, China’s state-held Sinopec, is looking to transform its business as domestic fuel sales crumble amid the electric vehicle boom. China Petroleum & Chemical Corporation, as…
Hormuz Crisis Boosts Appeal of $42-Billion Tanzania LNG
Equinor sees a multi-billion LNG export project in Tanzania becoming more attractive for development amid the Middle East conflict that has crippled liquefied natural gas supply through the Strait of…
China Defies U.S. Economic D-Day against Iran
China on Tuesday signaled it would not end its ties and trade relations with Iran following the U.S. sanctions unveiled on Monday that target Chinese and Hong Kong entities for…
JPMorgan and Santander Lead $15 Billion Financing Push for Argentina LNG
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told…
Japan Holds Off on New Oil Reserve Release Despite September Import Drop
Japan expects its oil imports next month to be lower than this month’s but has no plans to release additional crude from storage, the country’s economy minister said. Oil imports…
India’s Crude Import Bill Surges as Hormuz Shipping Rates Soar
India’s crude oil import bill has soared since the Iran war choked Middle Eastern oil supply, raised benchmark crude prices, quadrupled freight rates, and boosted insurance on a single Strait…
Malacca States Vow to Keep Asia’s Busiest Shipping Route Open
The three states in the Strait of Malacca, the vital shipping lane into Asia, have pledged to keep the world’s busiest maritime thoroughfare free and open to vessels amid the…
Equinor Eyes Major Oil Discovery Offshore Namibia
Norway’s energy major Equinor hopes to make a “pretty big” oil discovery offshore Namibia, the global exploration hotspot it has just entered, a senior company official said on Tuesday. Equinor…
Japan’s Air Water buys 35% stake in Taiwan semiconductor gas supplier
By 28 min ago 3 min read Japanese industrial gas company Air Water is expanding its Taiwan semiconductor gas business through a new partnership with Grand Pacific Petrochemical Corporation (GPPC),…
