Europe to Release 42 Million Barrels of Oil
Europe will release 42 million barrels of emergency oil stocks over the next three months, half of it diesel, as governments try to bring down fuel prices before winter, French…
Mexico’s Richest Man Sells $1.15 Billion in Oil Stocks
Carlos Slim has sold more than $1.15 billion of U.S. oil stocks this year as the Iran war sends crude prices and energy shares higher. The Mexican billionaire has cut…
Sinopec Third-Quarter Profit Jumps 64% as Oil Prices Climb
Higher oil prices helped raise Sinopec’s third-quarter earnings by 64% from a year earlier, even as China’s top refiner couldn’t fully capture the record-high global refining margins. China Petroleum &…
Shell Profits Nearly Double to $10.8 Billion as Refining Margins Hit Record
Record refining margins and higher LNG and gas prices boosted Shell’s third-quarter earnings to over $10.8 billion, nearly double compared to the same period last year, as the Middle East…
TotalEnergies Profit Doubles as War Boosts Refining and Trading
TotalEnergies booked $9.1 billion in third-quarter adjusted net income, doubling earnings from a year earlier amid historically high refining margins, higher oil and gas prices, and strong oil and LNG…
Iran War Hikes EU’s Oil Import Bill By $11 Billion Per Month
The European Union has been paying $11 billion more to import oil since the Middle East crisis choked crude oil supplies and triggered a global fuel crisis, an analysis by…
UK National Grid to Extend France Power Link Operation to 2050
UK’s National Grid plans to invest up to $532 million (£400 million) in extending the operation of the UK-France power interconnector until at least 2050 to preserve a vital electricity…
Trafigura Signs New Gas Supply Deal with German SEFE
Trafigura has signed a $1.5 billion five-year loan agreement that will back a contract for the commodity trading giant to supply more than 150 TWh of natural gas to Germany’s…
DOE Closes $5.1B Loan Package for Alliant’s Iowa, Wisconsin Gas Power and Battery Storage Buildout
The Department of Energy (DOE) has closed a $5.1 billion federally guaranteed loan package for Alliant Energy’s two regulated utilities, providing access to lower-cost financing for new natural gas-fired generation,…
Linde raises helium prices in Q3
By 27 min ago 2 min read Industrial gas major Linde has increased helium prices amid shipping disruptions caused by the Middle East conflict. Speaking on the company’s third quarter…
