UN Warns Global Warming Will Top 1.5C Within Years
The rise in global temperature is on track to soon exceed 1.5 degrees Celsius, likely within the next few years, a new UN Environment Programme (UNEP) report showed on Wednesday.…
Pakistan Rejects Costly LNG Cargo as Blackout Risk Deepens
Pakistan may have to extend rolling blackouts after it refused to pay three times the pre-war price for an LNG cargo, which was the only offer its latest emergency tender…
Diesel Cracks Hit Record Highs as Global Fuel Squeeze Deepens
The re-escalation in the Middle East and the Russian ban on diesel exports amid incessant Ukrainian drone attacks on refineries have pushed middle distillate cracks to record highs this week.…
Qatar and UAE Turn to Rare LNG Ship Transfers as Hormuz Crisis Drags On
Three LNG carriers loaded from Qatar and the United Arab Emirates in the Persian Gulf have transferred their cargoes onto other vessels outside the Strait of Hormuz in the past…
Kazakhstan to Double Oil Refining Capacity by 2040
Kazakhstan plans to more than double its crude oil refining capacity by 2040 from current levels by expanding existing capacities and building a major new refinery, the country’s Energy Ministry…
India Boosts Far East Russian Oil Imports as War Upends Trade Routes
India raised its purchases of Russia’s Far East crude blend ESPO in the first seven months of the year as China backed out of the spot market in the first…
Ryanair Warns Some Airlines Could Struggle with Jet Fuel Price Spike
Ryanair, the biggest low-fare airline in Europe, on Wednesday lowered its winter traffic target to reduce exposure to high unhedged oil prices, and warned the some of its less well-hedged…
AI Could Unlock $230B for Oil, Gas, OFSE Cos, McKinsey Says
AI could unlock $230 billion for oil and gas and oilfield services and equipment (OFSE) companies. That’s according to a new insight from McKinsey & Company sent to Rigzone recently,…
Galactic Energy joins reusable rocket race
By 2 min ago 2 min read Beijing-based private rocket maker Galactic Energy has conducted the debut flight of its Pallas-1 liquid propellant rocket. The launch took place at Jiuquan…
Galactic Energy joins reusable rocket race
By 2 min ago 2 min read Beijing-based private rocket maker Galactic Energy has conducted the debut flight of its Pallas-1 liquid propellant rocket. The launch took place at Jiuquan…
