Tankers Speed Through Hormuz Chokepoint
Some supertanker operators, nervous about rising US-Iran tensions and potential risks to shipping in the Strait of Hormuz, are speeding their vessels through the . Very Large Crude Carriers are traveling…
Romania Lines Up €1 Billion Battery Storage Build After Government Deal
Privately held MASS Group Holding plans to invest more than €1 billion (~$1.18 billion) in large-scale battery energy storage projects in Romania after reaching an agreement with the Romanian government,…
TotalEnergies Doubles Down on Clean Power With Major Airbus Supply Deal
TotalEnergies has signed two clean firm power contracts to supply 3.3 terawatt-hours (TWh) to all major sites of aircraft manufacturer Airbus in Germany and the United Kingdom, the French supermajor…
Russian Oil Discounts Widen for China as Indian Purchases Falter
As India is tentatively pulling back from buying Russian oil after the U.S. trade deal, Russia’s crude is being offered in China at widening discounts to attract Chinese refiners, trade…
Lower Oil Prices Drag ConocoPhillips Q4 Profit Below Estimates
ConocoPhillips (NYSE: COP) booked lower-than-expected earnings for the fourth quarter as higher production was unable to offset the decline in oil prices. ConocoPhillips reported on Thursday fourth-quarter adjusted earnings of…
India’s Top Refiner Cashes In as Oil Prices Slide
India’s largest state-owned refiner, Indian Oil Corporation (IOC), saw its net profit surge four times for the quarter ended December 31 compared to a year earlier as falling crude oil…
Kuwait Eyes 4 Million Bpd Oil Production Capacity by 2035
Kuwait targets to raise its oil production capacity to 4 million barrels per day (bpd) by 2035 from just over 3 million bpd now, Kuwait Petroleum Corporation’s CEO and deputy…
Shell Maintains Buybacks Despite Weakest Earnings in Years
Solid cash flow allowed Shell (NYSE: SHEL) to keep the pace of its quarterly share buybacks and raise dividend despite posting weaker-than-expected earnings for the fourth quarter that were the…
