Drone Strike Sparks Blaze at Key Russian Oil and Fuel Terminal
Ust-Luga, the top Russian port for exports of oil and other commodities from the Baltic Sea, caught fire early on Friday following an overnight drone attack from Ukraine. A fire…
Middle East Oil Tankers Are Going Dark for Longer
Not only is a growing number of tankers moving stealthily with transponders switched off at the Middle East’s two key chokepoints, but the time of the so-called dark mode movements…
Vance Says Cheap Oil and Gas Is Top U.S. Priority in Iran War
Low U.S. gasoline prices are the top priority of the Administration amid the war in Iran, Vice President JD Vance said, as the U.S.-Iran deadlock persists and the U.S. vowed…
Hormuz Tanker Traffic Slumps as U.S.-Iran Standoff Drags On
Tankers moving along the Strait of Hormuz dwindled further this week, with only five crossings on Wednesday and nine crossings on Thursday, down from a monthly average of 12 crossings,…
Holcim UAE starts cement carbon capture pilot project
By 52 min ago 2 min read The UAE division of Swiss manufacturing firm Holcim and climate tech startup 44.01 have started the UAE’s first carbon capture and underground mineralisation…
Qatar Ras Laffan train five ‘goes offline’
By 8 min ago 3 min read Train 5 at Qatar’s Ras Laffan plant has gone offline, according to Energy Aspects and Kayrros LNG intelligence monitoring. Drawing on satellite thermal…
Vietnam’s Bac Ninh semiconductor investment hits $2.7bn
By 21 min ago 2 min read Vietnam’s Bac Ninh province has attracted around 33 semiconductor-related projects with a combined value of $2.74bn, according to the provincial Department of Science…
Russia Captures Record Share of India’s Oil Market
Crude oil imports from Russia accounted for over 50% of India’s total import volumes last month. This was the highest share of Russian oil in India’s import mix, Reuters noted…
Oil Prices Head for 4% Weekly Gain as U.S.-Iran Deadlock Drags On
Crude oil prices were on course to add 4% this week, as the United States and Iran indicated they are no closer to a peace deal than they were at…
U.S. Backs X-Energy Reactor With Up to $2.15 Billion
Washington is putting real money behind advanced nuclear. The US Department of Energy is gearing up to hand X-energy another $1 billion for its planned nuclear project with Dow in…
