Rising Jet Fuel and Ticket Prices Could Disrupt Summer Air Travel
Summer travel could be disrupted for millions of airline passengers as airlines pass on higher jet fuel prices onto air fares and cancel unprofitable routes, according to the global association…
Japan’s Refinery Utilization Hits 73% as Strategic Oil Stocks Flow In
Japan’s refinery utilization rates are rebounding in May as releases from petroleum reserves and increased supply of non-Middle East crude are easing the crude supply crunch seen in March and…
Citi Sees India’s Power Demand Rising 5%-6% Annually Amid Energy Buildout
India’s power sector is set to grow by 5-6% each year in the medium term as investments in both thermal and renewable power generation are projected to surge amid growing…
Video | Cutting kWh: the key to cheaper green hydrogen
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UK to introduce bill to boost clean energy and security
By 53 min ago 2 min read The UK government is to introduce an Energy Independence Bill to scale up homegrown renewable energy and boost energy security. King Charles III…
Europe’s Dependence on U.S. LNG Is Set to Surge
The European Union’s dependence on liquefied natural gas from the United States is set to rise significantly, reaching 80% of all LNG imports in two years, the Institute for Energy…
Chinese Oil Tanker Tests Safe Passage Through Strait of Hormuz
A Chinese tanker is attempting to cross the Strait of Hormuz, Bloomberg reported today, citing ship-tracking data showing the VLCC moving south along the eastern side of the chokepoint. The…
US Crude Inventories Fall But Gasoline Stocks See Surprise Build
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 2.188 million barrels in the week ending May 8. In the week prior, US…
US to supply two-thirds of Europe’s LNG imports in 2026, says IEEFA
By 41 min ago 3 min read US liquefied natural gas (LNG) exports are expected to make up two-thirds of total European LNG imports in 2026 as dependence increases, according…
JP Morgan Publishes First Oil Price Forecast in 2 Months
In a report sent to Rigzone on Monday by Natasha Kaneva, J.P. Morgan’s head of global commodities strategy, J.P. Morgan analysts, including Kaneva, revealed their first oil price forecasts in…
